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%

Max Loan-To-Cost

70%

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

    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 rents

    Will Consider Cannabis Use Properties

    yes

    Maximum LTV for Cannabis Use Properties

    65%

    Cannabis Property Use Type

    • Retail Dispensary
    • Retail Sales

    Purchase Loan

    Max Loan-To-Purchase Price

    70%

    Borrower Must Have Property Under Contract

    yes

    Will Provide Proof of Funds Letter

    no

    Will Consider Lending on Purchase from Auction

    no

    Allowed 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)

    8

    Fastest Closing Time (Days)

    3

    Works With

    • Brokers
    • Borrowers

    Payment Structure

    • Interest Only
    • Amortized

    Payment Structure Details

    Interest only or amortized over 30 years

    Pre Payment Penalty

    yes

    6 month minimum

    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
    • Bank Statements
    • 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

    Fees

    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 92612

    Primary 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

    CPA
    License Information
    CalDRE - 01049908

    Larry Newfield

    Broker/Owner

    License Information
    CalDRE Broker - 00698424

    Completed Transactions

    Diversified Mortgage Company

    Private Loan Funding
    Huntington Beach, CA
    $1,000,000
    2-4 Units Residential

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Long Beach, CA
    $550,000
    2-4 Units Residential

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Wilmington, CA
    $214,500
    2-4 Units Residential

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    San Francisco, CA
    $1,000,000
    Mixed-Use

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Paramount, CA
    $650,000
    Office

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    West Hollywood, CA
    $1,700,000
    Multifamily

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Vallejo, CA
    $1,000,000
    Retail

    Refinance

    Diversified Mortgage Company

    Private Loan Funding
    Bellflower, CA
    $220,000
    Single Family Residence

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Long Beach, CA
    $725,000
    2-4 Units Residential

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Long Beach, CA
    $1,000,000
    Multifamily

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    El Dorado Hills, CA
    $978,750
    Office

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Wilmington, CA
    $214,500
    2-4 Units Residential

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Bell, CA
    $690,000
    Retail

    Refinance

    Diversified Mortgage Company

    Private Loan Funding
    San Francisco, CA
    $2,613,000
    Multifamily

    Purchase

    Diversified Mortgage Company

    Private Loan Funding
    Dana Point, CA
    $1,164,000
    Mixed-Use

    Purchase

    Before You Contact Us

    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

    Short Description of your Loan Request or Property Address

    This information is about yourself, not the subject property.

    $
    %
    months

    At the end of the form you can enter the additional properties.

    (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.)

    $
    $
    $
    $
    $
    $
    $
    %

    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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