Bridge Loans for California Multi-Tenant Properties, Since 1985

  • Simple Interest Rate Structure:
    • 8.25% for 2-year loan term
    • 8.50% for 4-year loan term
  • Multifamily and Multi-Tenant Properties Only
  • Personal Income Verification Not Required
  • Credit Score Not Important
  • No Junk Fees – We only charge points, escrow fee, title fee

As of February 2024, our maximum rate is 8.50% 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. Instead, we’ll offer a longer term option from the start. 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 rehab, land, construction.

Call 949-706-4691, or email:

Property Geographic Area Details
Primary Markets in California only
Loan Amounts
$50,000 to $3,000,000
Interest Rates
8.25% to 8.50%
Loan Terms
6 months to 48 months
Origination Fees
2.5% to 3%
Lien Position
1st
Collateral Types
  • 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

  • Mixed-Use
  • Multifamily

Loan Types

  • Private Money
  • Hard Money
  • Multifamily Bridge
  • Commercial Bridge

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 Commercial 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.

Contact Diversified Mortgage Co.

Diversified Mortgage Co. pays us to be listed, so there is no fee to connect with them directly.

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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 .  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

3,000

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

Contact Diversified Mortgage Co.

Diversified Mortgage Co. pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$50,000

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.