Asher Evan Investments offers private money loans on Commercial and Non-Owner Occupied Residential Properties located throughout California. We specialize in creative financing in order to fund even the most hard to place loans. We can issue approvals within 24 hours of  receiving a package, and our large network of investors are able to fund and close loans quickly.

 

 

Loan Amounts

$50,000 to $1,500,000

Interest Rates

7% to 14%

Max Loan-To-Value

75.00%

Max Loan-To-Cost

80.00%

Origination Fees

1% to 3.5%

Loan Terms

12 months to 60 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Car Wash
  • Child Day Care
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Gas Station
  • Golf Course
  • Healthcare
  • Hospital
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Theater
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent

Agribusiness Loan

Agribusiness Types

  • Cannabis
  • Corn
  • Row Crops
  • Tree Nuts
  • Vegetables

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

65.00%

Cannabis Property Use Type

  • Retail Dispensary

Land Loan

Land Types Considered

  • Multifamily Land
  • Industrial Land
  • Office Land
  • Agricultural Land
  • Cannabis Use Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

40.00%

Max LTC for Land Acquisition

40.00%

Purchase Loan

Max Loan-To-Purchase Price

75.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Seller Financing
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

no

Max LTC for Renovation Costs

80.00%

Details and Requirements

Typical Closing Time (Days)

15

Fastest Closing Time (Days)

7

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Tax Returns
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Minimum Credit Score Required

500

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Legal Fee

At closing for loan documentation creation and review.

Minimum Origination Fee Amount

$1,500

Fees which are mandatory for all new borrower clients

  • Legal Fee
  • Appraisal Fee
  • Credit Report Fee
  • Environmental Report Fee

Fees which are charged upfront prior to loan closing

  • Appraisal Fee
  • Environmental Report Fee

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee
  • Environmental Report Fee

Legal Disclaimer

All rates, programs, and pricing adjustments are subject to change at any time and without prior notice.

Asher Evan Investments is a California Private Mortgage Lender. Using our private investors, we provide equity-based lending for real estate properties with loan amounts ranging from $50,000 to $1,500,000 on California commercial, multi-family, land and non-owner occupied residential properties. We specialize in working with borrowers who have difficulty with traditional bank qualifications, and borrowers who do not meet the stringent requirements of conventional underwriting guidelines.

With over 17 years of experience in Real Estate Investments, Commercial Mortgage Banking and Financial Services, we have had our share of hard to fund loans. With creative thinking and outside the box lending ideas, we have been able to close and fund loans on all types of Commercial and Multi-family properties, as well as special-use properties such as churches, gentlemen’s clubs, bowling alleys, golf courses and many more.

License

CA DRE #02048694, NMLS ID #1695216

Year Established

2017

Associations

  • California Mortgage Association - Member
  • Carmichael Chamber of Commerce - Member

Office Locations

4901 Marconi Avenue, Carmichael, California 95608

Primary Capital Source

  • Individual Investors

Alternative Capital Sources

  • Family Offices

Loan Structure for Majority of Loans

  • Multiple Investor Fractionalized Note

Alternative Loan Structures

  • One Investor One Loan

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Banking

Percentage of Loans Secured by Commercial Property

80%

Percentage of Loans Secured by Residential Property

20%

Percentage of Residential Property Loans Which are Fix and Flip

5%

Percentage of Residential Property Loans Which are Buy and Hold

15%

Percentage of Loans Secured by Land

2%

Total Number of Loans Funded to Date

9

Total Loan Volume Funded to Date

$6,200,000

Angelica D. Gardner

Principal

MBA

With over 17 years of management experience in Real Estate Investments, Commercial Mortgage Banking and Financial Services, Angelica Gardner has had her share of hard to fund loans. With her creative thinking and outside the box lending ideas, she has been able to close and fund loans on all types of Commercial and Multi-family properties, as well as special use properties such as churches, gentleman's clubs, bowling alleys, golf courses and many more. Angelica is a graduate of California State University Sacramento with a Bachelor of Science in Business Administration, with an emphasis in Strategic Management. In 2008, she received her MBA. Angelica is a licensed Real Estate Broker, and holds an MLO Endorsement and NMLS license.

License Information
CA DRE Broker Lic. - 01741477
NMLS ID - 389461

Justin Gardner

Vice President

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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how will the loan be paid off?

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