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Direct Lender for California Investment Property, Since 1985
- Multi-Unit Properties Only – must have at least 2 tenants
- Loan Term up to 4 Years
- Income Verification Not Required
Our maximum rate is 6.75% for 1st position loans. Our loan term ranges from 6 to 60 months, and we like the longer term loans. We won’t set your term at 12 months and then charge you extension fees.
Please note: we do NOT offer loans for fix & flip, land, construction or owner-occupied home.
Property Geographic Area Details
Primary Markets in California only
Loan Amounts
$250,000 to $3,000,000
Interest Rates
6.75% to 6.75%
Max Loan-To-Value
70.00%
Max Loan-To-Cost
70.00%
Origination Fees
2% to 3%
Loan Terms
6 months to 48 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
- Value Add Project
- Development Project
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
- Adult Day Care
- Assisted Living Facility
- Auto Repair
- Bed and Breakfast
- Cannabis Dispensary
- Child Day Care
- Cinema
- Commercial Condominium
- Condominium
- Cooperative
- Gas Station
- Healthcare
- Industrial
- Marina
- Mixed-Use
- Mobile Home Park
- Motel
- Multifamily
- Office
- Parking Lot
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- RV Park
- Retail
- Storage Facility
- Student Housing
- Vehicle Parking
Loan Types
- Commercial Bridge
Specialty Loan Types
- 2nd Mortgage Equity Cash Out
- Note Purchase
- Reverse 1031 Exchange
- Partner Buyout
- Discounted Note Payoff
- Commercial Permanent Financing
- Primary Residence Business Purpose Cash Out
Cannabis Use Properties
Our loan to value will be based on market rentsWill Consider Cannabis Use Properties
yesMaximum LTV for Cannabis Use Properties
65.00%Cannabis Property Use Type
- Retail Dispensary
- Retail Sales
Purchase Loan
Max Loan-To-Purchase Price
70.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Equity in Subject Property
- Equity in Another Investment Property
- Seller Financing
Details and Requirements
Typical Closing Time (Days)
8Fastest Closing Time (Days)
3Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
Payment Structure Details
Interest only or amortized over 30 yearsPre Payment Penalty
yes
6 month minimumWill lend to a foreign national
yes
Need TIN and U.S. bank accountWill Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill 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
- Bank Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
625Credit Check Description
No active bankruptciesAppraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Fees which are paid to a third party company
- Appraisal Fee
- Escrow Fee
- Title Fee
Additional Details
Recording fee paid directly to county recorder. No processing fees and no other fee's other than points paid to us.
Diversified Mortgage Company is one of California’s oldest leading independent providers of real estate mortgage services. Our specialty is new loan financing and refinance loans for multi-family and commercial properties.
Diversified Mortgage office is in Irvine, California. Unlike larger companies, at Diversified Mortgage, you always receive highly-personalized attention from a decision maker. Moreover, unlike smaller companies, we can get you your funds within a few days, not weeks.
DMC Inc. / Diversified Mortgage Co. is a duly licensed California Real Estate brokerage firm, licensed by the California Department of Real Estate, Lic. #01085780, and is also an associate member of the California Mortgage Association and we are in good standing with the Better Business Bureau (BBB). NMLS License #336445.
License
CA DRE Lic. #01085780, NMLS #336445
Year Established
1984
Associations
- California Mortgage Association - Member
Office Locations
2081 Business Center Drive, Suite 155, Irvine, California 92612Primary Capital Source
- Own Funds
Alternative Capital Sources
- Bank Credit Line
Loan Structure for Majority of Loans
- Multiple Investor Fractionalized Note
Percentage of company’s lending business focused on private mortgage
80%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Mortgage Brokerage
Percentage of Loans Secured by Commercial Property
90%
Percentage of Loans Secured by Residential Property
10%
Percentage of Residential Property Loans Which are Buy and Hold
80%
Total Number of Loans Funded to Date
3000
Total Loan Volume Funded to Date
$1,000,000,000
2017 Number of Loans Funded
30
2017 Loan Volume Funded
$30,000,000

Mike Meisenbach
Loan Agent
CPACalDRE - 01049908

Larry Newfield
Broker/Owner
CalDRE Broker - 00698424
Completed Transactions
Diversified Mortgage Company
Huntington Beach, CA
$1,000,000
Purchase
Diversified Mortgage Company
Long Beach, CA
$550,000
Purchase
Diversified Mortgage Company
Wilmington, CA
$214,500
Purchase
Diversified Mortgage Company
San Francisco, CA
$1,000,000
Purchase
Diversified Mortgage Company
Paramount, CA
$650,000
Purchase
Diversified Mortgage Company
West Hollywood, CA
$1,700,000
Purchase
Diversified Mortgage Company
Vallejo, CA
$1,000,000
Refinance
Diversified Mortgage Company
Bellflower, CA
$220,000
Purchase
Diversified Mortgage Company
Long Beach, CA
$725,000
Purchase
Diversified Mortgage Company
Long Beach, CA
$1,000,000
Purchase
Diversified Mortgage Company
El Dorado Hills, CA
$978,750
Purchase
Diversified Mortgage Company
Wilmington, CA
$214,500
Purchase
Diversified Mortgage Company
Bell, CA
$690,000
Refinance
Diversified Mortgage Company
San Francisco, CA
$2,613,000
Purchase
Diversified Mortgage Company
Dana Point, CA
$1,164,000
Purchase
Our Minimum Loan Amount Is
$250,000
What We Do
- California Properties Only
- Multi-Unit Properties Only
- Loan Term Up to 4 Years
- Income Verification Not Required
- 30% Cash Required for Purchase
Not Available
- NO 100% Financing
- NO Rehab or Flip Loans
- NO Land
- NO Construction
- NO Rural Areas
Loan Request
Our Minimum Loan Amount Is
$250,000
What We Do
- California Properties Only
- Multi-Unit Properties Only
- Loan Term Up to 4 Years
- Income Verification Not Required
- 30% Cash Required for Purchase
Not Available
- NO 100% Financing
- NO Rehab or Flip Loans
- NO Land
- NO Construction
- NO Rural Areas