Direct Lender for California Investment Property, Since 1985

  • Simple Interest Rate Structure:
    • 7.75% for 2-year loan term
    • 7.95% for 4-year loan term
  • Multi-Unit Properties Only – must have at least 2 units
    • Residential
    • Multifamily
    • Office
    • Retail
    • Industrial
    • Cannabis-Use Properties
  • Income Verification Not Required

As of November 2022, our maximum rate is 7.75% for 1st position loans. Our loan term ranges from 6 to 48 months, and we like the longer term loans. We won’t set your term at 12 months and then charge you extension fees. We don’t charge any other fees in addition to the origination points. We will even do escrow for free if there’s no more than 1 loan to pay off. Borrower just pays recording and title fees.

Please note: we do NOT offer loans for fix & flip, land, construction or owner-occupied SFR.

Property Geographic Area Details
Primary Markets in California only
Loan Amounts
$100,000 to $5,500,000
Interest Rates
7.75% to 7.95%
Loan Terms
6 months to 60 months
Origination Fees
2% to 3%
Lien Position
1st
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%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 70%
Max LTP Multifamily: 70%
Max LTP Commercial: 70%
Purchase Long-Term
Max LTP Residential: 70%
Max LTP Multifamily: 70%
Max LTP Commercial: 70%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 70%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 70%
Refinance Long-Term
Max LTV Multifamily: 70%
Max LTP Commercial: 70%

Property Types

  • 2-4 Units Residential
  • Assisted Living Facility
  • Auto Repair
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Commercial Condominium
  • Condominium
  • Cooperative
  • Gas Station
  • Healthcare
  • Industrial
  • Marina
  • Mixed-Use
  • Mobile Home Park
  • Multifamily
  • Office
  • Parking Garage
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Retail
  • Storage Facility
  • Student Housing
  • Vehicle Parking

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Commercial Bridge
  • Commercial Long-Term

Specialty Loan Types

  • Cannabis Use Properties
  • Discounted Note Payoff
  • Note Purchase
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out
  • Reverse 1031 Exchange

Max Loan-to-Purchase Price

70%

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
  • Gap Lender
  • Crowdfunding
  • Family

Minimum Origination Fee Amount

$7,500

Fees which are paid to a third party company

  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

8

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Payment Structure Details

Interest only or amortized over 30 years

Pre Payment Penalty

yes

6 months
Will lend to a foreign national

yes

Need TIN and U.S. bank account
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
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

625

Credit Check Description

No active bankruptcies

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Additional Details

No processing fees and no other fees other than origination points paid to us. We will even do escrow for free if there's no more than 1 loan to pay off. Borrower just pays Title fees and Recording fee, directly to county recorder.

Funded Deals

Diversified Mortgage Co.
Lynnwood, CA
$1,300,000
Multifamily
View Transaction
Diversified Mortgage Co.
Paramount, CA
$560,000
Multifamily
View Transaction
Diversified Mortgage Co.
Victorville, CA
$604,500
Multifamily
View Transaction
Diversified Mortgage Co.
Los Angeles, CA
$750,000
Mixed-Use
View Transaction
Diversified Mortgage Co.
Richmond, CA
$1,099,000
Industrial
View Transaction
Diversified Mortgage Co.
Los Angeles, CA
$5,500,000
Multifamily
View Transaction
Diversified Mortgage Co.
Huntington Beach, CA
$1,000,000
2-4 Units Residential

Purchase

View Transaction
Diversified Mortgage Co.
Long Beach, CA
$550,000
2-4 Units Residential

Purchase

View Transaction
Diversified Mortgage Co.
Wilmington, CA
$214,500
2-4 Units Residential

Purchase

View Transaction
Diversified Mortgage Co.
San Francisco, CA
$1,000,000
Mixed-Use

Purchase

View Transaction
Diversified Mortgage Co.
Paramount, CA
$650,000
Office

Purchase

View Transaction
Diversified Mortgage Co.
West Hollywood, CA
$1,700,000
Multifamily

Purchase

View Transaction
Diversified Mortgage Co.
Bellflower, CA
$220,000
Single Family Residence

Purchase

View Transaction
Diversified Mortgage Co.
Long Beach, CA
$1,000,000
Multifamily

Purchase

View Transaction
Diversified Mortgage Co.
Wilmington, CA
$214,500
2-4 Units Residential

Purchase

View Transaction
Diversified Mortgage Co.
Bell, CA
$690,000
Retail

Refinance

View Transaction
Diversified Mortgage Co.
San Francisco, CA
$2,613,000
Multifamily

Purchase

View Transaction
Diversified Mortgage Co.
El Dorado Hills, CA
$978,750
Office

Purchase

View Transaction
Diversified Mortgage Co.
Vallejo, CA
$1,000,000
Retail

Refinance

View Transaction
Diversified Mortgage Co.
Long Beach, CA
$725,000
2-4 Units Residential

Purchase

View Transaction
Diversified Mortgage Co.
Dana Point, CA
$1,164,000
Mixed-Use

Purchase

View Transaction

Get In Touch

Diversified Mortgage Co. pays us to be listed, so there is no fee to connect with them directly. Share your loan request, send a simple email, call, or visit their website.
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Diversified Mortgage Co. 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 ID 336445

Year Established

1985

Office Locations

2081 Business Center Drive, Suite 155, Irvine, California 92612

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Bank Credit Line
Loan Structure for Majority of Loans
  • Multiple Investor Fractionalized Note
Percentage of Loans Secured by Commercial Property

90%

Percentage of Loans Secured by Residential Property

10%

Total Number of Loans Funded to Date

3000

Total Loan Volume Funded to Date

$1,000,000,000

Our Team

Mike Meisenbach

Loan Agent

CalDRE - 01049908

Larry Newfield

Broker/Owner

CalDRE Broker - 00698424

Get In Touch

Diversified Mortgage Co. 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.
Contact COMPANY

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
subscribe-illustration

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If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • California Properties Only
  • Multi-Unit Properties Only (2+ units)
  • 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

Send an email to Diversified Mortgage Co.