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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 rents

Will Consider Cannabis Use Properties

yes

Maximum 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

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

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

Private Loan Funding
Paramount, CA
$650,000
Office

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Refinance

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

Private Loan Funding
Bell, CA
$690,000
Retail

Refinance

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction

Diversified Mortgage Company

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

Purchase

View Transaction
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.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$
%

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

Add links to photos here.

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1
acres

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Add links to documents, photos, etc.

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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