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%
Loan Terms
6 months to 48 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%
  • Owner Occupied Commercial

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

    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

    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 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

    Additional Details

    Recording fee paid directly to county recorder. No processing fees and no other fee's other than points paid to us.

    Get In Touch

    Diversified Mortgage Company 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.

    Stay Informed About Private Lending

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

    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 Loans Secured by Commercial Property

    90%

    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

    Funded Deals

    Get In Touch

    Diversified Mortgage Company 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.

    Stay Informed About Private Lending

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

    Create a Loan Request

    Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

    Contact This Lender

    Contact Diversified Mortgage Company by whichever method you choose.

    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.

    Send an email to Diversified Mortgage Company