Direct Hard Money Lender for California Property Investors

Aztec Financial is a California hard money lender specializing in fix and flip projects. We now offer some of the best pricing in the industry as well as more flexibility than anyone. Will also do cash out on any type of real estate in California. We don’t like red tape and we won’t red tape you like the other lenders like to do. We allow no money down deals. We do them all the time.

Please note: We do not offer loans secured by owner-occupied homes, except cash out loans where the funds will be used for a business or investment purpose.

Property Geographic Area Details
Anywhere in California with the exception of extremely rural properties.
Loan Amounts
$33,000 to $3,000,000
Interest Rates
7.987% to 10.987%
Loan Terms
1 months to 120 months
Origination Fees
1% to 3%
Lien Position
1st, 2nd, 3rd, 4th
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial
  • Owner Occupied Residential

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 85%
Max LTP Multifamily: 80%
Max LTP Commercial: 80%
Max LTP Land: 80%
Max CLTP Mezzanine: 75%
Max CLTP Pref Equity: 75%
Purchase Long-Term
Max LTP Residential: 85%
Max LTP Multifamily: 80%
Max LTP Commercial: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Max CLTV 2nd Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 80%
Max CLTV 2nd Lien Commercial: 75%
Max LTV 1st Lien Land: 80%
Max CLTV 2nd Lien Land: 75%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Max CLTV 2nd Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 80%
Max CLTV 2nd Lien Commercial: 75%
Max LTV 1st Lien Land: 80%
Max CLTV 2nd Lien Land: 75%

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Casino
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Cooperative
  • Equestrian
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Marina
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Vehicle Parking
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction
  • Mezzanine

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • 3rd Mortgage Equity Cash Out
  • Bankruptcy Resolution
  • Cannabis Use Properties
  • Discounted Note Payoff
  • Earnest Money Deposit
  • Foreclosure Bailout
  • Land Development
  • Line of Credit Portfolio of Properties
  • Line of Credit Single Property
  • Note Purchase
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out
  • Residential Equity Share
  • Residential Long-Term Rental
  • Reverse 1031 Exchange
  • Transactional Funding

Junior Lien Loan Amounts

$33,000 to $3,000,000

Junior Lien Interest Rates

9.9% to 11.9%

Junior Lien Loan-to-Value

67%

Junior Lien Loan-to-Cost

85%

Junior Lien Origination Fees

1% to 4%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine
  • Preferred Equity
Minimum Origination Fee is $2,500.

Description

For a land purchase, we can go up to 80% of the purchase price. For a refinance, we can go up to 70% LTV.

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Agricultural Land
  • Special Purpose Land
  • Cannabis Use Land

Will Consider Land That is NOT Entitled

yes

Existing Land Improvements Required

  • Street Access
  • Electricity
  • Gas
  • Water
  • Communication
  • Residential Structure
  • Commercial Structure

Max LTV for Land

50%

Max LTC for Land Acquisition

80%

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine
  • Preferred Equity
Minimum Origination Fee is $2,500.

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

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

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

1

Maximum After Repair Value

75.00%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

80%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Other Fee

Admin Fee

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

1

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
  • No Monthly Payments Required
Pre Payment Penalty

no

Will lend to a foreign national

yes

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

yes

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Additional Details

Our minimum origination fee is $2,500. At Aztec Financial we typically do not charge any upfront appraisal fees. It never cost you anything to run a deal by us. From the time you email us a copy of the signed accepted purchase contract, your estimate for repairs, and what you think the ARV (after repaired value) is we will get back to you within 24 hours, and let you know the exact loan figures, and offer you a couple different loan options.

Aztec Financial Testimonials

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Aztec Financial was established in 1987 with the mission of creating extraordinary mortgage solutions for the people of California. We are a direct lender specializing in fix and flip loans, hard money/private equity, construction loans, and creative lending solutions. If you are a fix and flipper — buying, refurbishing, and then selling fixer or bank-owned properties, or are simply looking to pull cash out of any type of property (residential or commercial) — we have programs specifically for you.

  • Specializing in the California fix and flip loan market since 1987
  • No upfront appraisal fee so it doesn’t cost you anything to run the deal by us
  • Flexible to custom make a loan based on your business model

Aztec Financial is licensed by the California Department of Real Estate (License #01220918) and is recognized as an industry leader, with a reputation for funding difficult loans. We pride ourselves on funding very quickly with no red tape. Aztec Financial has loan programs available to fit nearly any situation, including poor credit, bankruptcy or foreclosure. For the past 22 years, we have helped everyone from first-time real estate investors to major developers acquire the perfect funding solution.

We are a family owned firm that boasts a friendly and loyal staff of investment counselors, loan officers, loan processors and support personnel, most of whom have been with us for many years. Our primary niche is dealing with fix and flip buyers — seasoned and experienced contractors/brokers/investors who specialize in acquiring fixer properties far below market value. We also offer loans for “spec” homes, apartment buildings, commercial properties, or business loans secured by real estate. Make Aztec Financial your “one stop shop” for your real estate loans.

License

CA DRE Lic. 01220918

Company Size (Number of Employees)

15

Year Established

1987

Office Locations

2624 West Magnolia Boulevard, Burbank, California 91505

Primary Capital Source
  • Own Funds
  • Individual Investors
  • Family Offices
  • Bank Credit Line
  • Friends & Family
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Multiple Investor Fractionalized Note
  • Multiple Lender Participation
Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Our Team

Joel Hoffman

President

CA DRE Broker Lic. - 00858425

Get In Touch

Aztec Financial pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$33,000

What We Do

  • Investment Properties in California only
  • Residential & Commercial, including Land
  • Bridge, Flip, Construction, 2nds, 3rds
  • LTP Up to 900% for Flip Projects

Not Available

  • NO Consumer Purpose Loans
  • NO Personal Loans
  • NO Gap Funding

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