Diversified Mortgage Company

Irvine, California

CA DRE Lic. #01085780, NMLS #336445

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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%

Max Loan-To-Cost

70%

Origination Fees

2% to 3%

Loan Terms

6 months to 48 months

Lien Position

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

Will Consider Lending on Purchase from Auction

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)

Fastest Closing Time (Days)

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

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

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

Our Minimum Loan Amount Is

$250,000

What We Do

Not Available

Lending Profile

Company Profile

Team

Transactions

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Direct Lender for California Investment Property, Since 1985

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

Loan Purpose

Property Occupancy

Property Types and Loan Types

Collateral Types

Property Types

Loan Types

Specialty Loan Types

Cannabis Use Properties

Will Consider Cannabis Use Properties

Maximum LTV for Cannabis Use Properties

Cannabis Property Use Type

Purchase Loan

Max Loan-To-Purchase Price

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

Allowed Source of Borrower’s Equity

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Works With

Payment Structure

Payment Structure Details

Pre Payment Penalty

Will lend to a foreign national

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

Will Consider Collateralizing Multiple Properties in One Loan

Will Consider Equity Joint Venture

Borrower Entity Types Considered

Documentation Required

Personal Guaranty (Recourse) Required

Credit Check Required

Minimum Credit Score Required

Credit Check Description

Appraisal Required for Residential Property

Appraisal Required for Commercial Property

Broker Price Opinion (BPO) Accepted for Residential Property

Broker Price Opinion (BPO) Accepted for Commercial Property

Fees

Fees which are paid to a third party company

Additional Details

License

CA DRE Lic. #01085780, NMLS #336445

Year Established

1984

Associations

Office Locations

Primary Capital Source

Alternative Capital Sources

Loan Structure for Majority of Loans

Percentage of company’s lending business focused on private mortgage

Company’s Other Business Activities Besides Private Mortgage Lending