Conventus 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 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.

Property Geographic Area Details

Primary and Secondary markets in 21 states: CA, CO, CT, DC, FL, GA, HI, IL, IN, MA, NC, NJ, NY, OH, OK, OR, PA, SC, TX, VA, WA. In Oregon we can only work with licensed mortgage brokers.

Loan Amounts

$150,000 to $4,000,000

Interest Rates

7.75% to 12.99%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

85.00%

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
  • Value Add Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property 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
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out
  • Transactional Funding

Junior Liens

Junior Lien Loan Amounts

$150,000.00 to $2,000,000.00

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
2nd up to 55% CLTV, 3rd up to 50% CLTV. We only provide junior liens for a refinance or equity cash out, not for a purchase or rehab.

Purchase Loan

Max Loan-To-Purchase Price

85.00%

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 Another Investment Property

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

85.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

5

Maximum After Repair Value

70.00%

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

2

Works 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

no

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

Documentation Required

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

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

620

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Minimum Origination Fee Amount

$1,500

Since 2015, Conventus has successfully originated and funded over $1 billion in private money real estate loans. 

Conventus Holdings Corporation (CHC) was started in 2015 by Keith M. Tomao after his 20-year career on Wall Street where he was most recently a Managing Director at Goldman Sachs in the Fixed Income Division. Not long after starting CHC, Keith partnered with longtime friend, Glenn Tatham, a corporate finance professional as well as skilled LNG entrepreneur. Through their combined institutional background and extensive understanding of the market, CHC was created to capture an opportunity in single family and multifamily bridge lending, a $25+ billion high yield and short duration debt market. Over the ensuing years, CHC became a top five loan origination company through the collective effort our diligent professionals and their diverse backgrounds and experience. Furthermore, CHC’s success is grounded through the marriage of an investment company, mortgage origination and funding company coupled with a strong focus on quick customer service, fair and competitive pricing and hiring exceptionally talented people.

License

CFL #60DBO-43745

Company Size (Number of Employees)

42

Year Established

2015

Office Locations

111 Potrero Avenue, San Francisco, California 94103

Primary 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%

Total Loan Volume Funded to Date

$920,000,000

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.

Completed Transactions

Conventus

Private Loan Funding
Los Angeles, CA
$595,000
Multifamily

Purchase

Conventus

Private Loan Funding
Belmont, CA
$1,500,000
Multifamily

Refinance

Conventus

Private Loan Funding
Los Angeles, CA
$546,000
Multifamily

Purchase

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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