Conventus
San Francisco, California, USA
CFL #60DBO-43745
415-636-8668
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Conventus Lending is a private mortgage fund based in San Francisco. We are a direct lender that takes pride in knowing our customers and solving their financing needs. Obtaining a loan from Conventus Lending is straightforward and fast. We match your borrowing goals to loan terms that are ideally suited for your project. Shortly after submitting our loan application you will receive a conditional loan approval. We work with you to complete our underwriting and finalize your loan, often funding loans within 5 days. Two core themes make up the thrust of our business model and that is very competitive pricing as well as solid and responsive customer service.
Loan Amounts
$150,000 to $4,000,000
Interest Rates
6.99% to 12.49%
Max Loan-To-Value
80.00%
Max Loan-To-Cost
90.00%
Origination Fees
0% to 2.5%
Loan Terms
6 months to 60 months
Lien Position
- 1st
- 2nd
- 3rd
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Geographic Area Details
Primary and Secondary markets in CA, CO, CT, FL, GA, HI, IL, MA, NC, NJ, NY, PA, TX, WAProperty Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Condominium
- Multifamily
- Portfolio of Residential Properties
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
Specialty Loan Types
- 2nd Mortgage Equity Cash Out
- 3rd Mortgage Equity Cash Out
- Residential Long-Term Rental
- Primary Residence Business Purpose Cash Out
- Transactional Funding
Junior Liens
Junior Lien Loan Amounts
$150,000.00 to $0
Junior Lien Interest Rates
9.99% to 12.99%
Junior Lien Loan-to-Value
55.00%
Junior Lien Loan-to-Cost
0%
Junior Lien Origination Fees
1.00% to 5.00%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Refinance
- Equity Cash Out
Purchase Loan
Max LTC on Purchase Price
90.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
Rehab Value Add Loan
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
90.00%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
5Details and Requirements
Typical Closing Time (Days)
5Fastest Closing Time (Days)
2Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
no
Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Tax Returns
- Bank Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesCredit Check Description
No minimum FICO score, but we have to check credit just to verify borrower's other debts.Appraisal Required for Residential Property
Always Before FundingAppraisal Required for Commercial Property
Always Before FundingBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
Minimum Origination Fee Amount
$1,500
Founded by Keith Tomao and Glenn Tatham in 2015, Conventus is one of the most respected bridge lenders in the US. Since 2015, Conventus has successfully originated and funded over $600 million in real estate loans.
Licence
CFL #60DBO-43745
Established
2015
Office Locations
111 Potrero Avenue, San Francisco, California, 94103Primary Capital Source
- Debt Fund We Manage
Loan Structure for Majority of Loans
- Own Balance Sheet
Percentage of company’s lending business focused on private mortgage
100%
Percentage of Loans Secured by Commercial Property
0%
Percentage of Loans Secured by Residential Property
0%
Percentage of Residential Property Loans Which are Fix and Flip
0%
Percentage of Residential Property Loans Which are Buy and Hold
0%
Percentage of Residential Property Loans Which are Owner-Occupied
0%
Percentage of Loans Secured by Land
0%
Percentage of Loans Secured by a Business (not real estate)
0%
Total Loan Volume Funded to Date
$600,000,000
Keith Tomao
CEO & CIO
Prior to founding Conventus, Keith was Managing Director at Goldman Sachs in the Mortgage and Asset-Backed Securities department. He has 20 years of experience in Fixed Income markets. He holds a BA in Environmental Economics from Hobart College (magna cum laude and Phi Beta Kappa).
Glenn Tatham
CFO
As CFO and co-founder, Glenn brings 25 years of corporate finance and investment banking experience. He led startups in the energy sector (including 3 successful IPOs). Worked in the Loan Syndication and Financial Sponsor Coverage groups at JP Morgan. He holds a MBA from Columbia University and BA from USC.
Shyrose Virani
Director of Operations
Shyrose built and currently runs lending operations for Conventus. Brings years of processing, closing and funding experience. Previous lending operations roles at Lenda, Benchmark Mortgage, Bank of America and IBC Bank.
Brenda Chen
Loan Officer
Brenda is a loan originator based in San Francisco.
Chris Edic
Loan Officer
Chris is a loan originator based in Boston.
Craig Cooley
Loan Officer
Craig is a loan originator based in San Francisco.
Loan Request
Completed Transactions
Conventus
Los Angeles, CA
$595,000
Purchase
Conventus
Belmont, CA
$1,500,000
Refinance
Conventus
Los Angeles, CA
$546,000
Purchase