Property Geographic Area Details

Greater Sacramento Metro Area including Lake Tahoe, Placer, El Dorado, Yolo County, Stockton

Loan Amounts

$30,000 to $1,000,000

Interest Rates

9.99% to 9.99%

Max Loan-To-Value

70%

Max Loan-To-Cost

80%

Origination Fees

2.5% to 2.5%

Loan Terms

6 months to 24 months

Lien Position

  • 1st
  • 2nd

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
Minimum Occupancy Percentage

0%

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Bed and Breakfast
  • Car Wash
  • Child Day Care
  • Commercial Land
  • Condominium
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Residential Land
  • Senior Housing
  • Single Family Residence
  • Storage Facility

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out

Junior Liens

Junior Lien Loan Amounts

$30,000 to $150,000

Junior Lien Interest Rates

11.99% to 11.99%

Junior Lien Loan-to-Value

70%

Junior Lien Origination Fees

3% to 3%

We Fund Junior Position Loans

Rarely

Junior Lien Types

  • Refinance
  • Equity Cash Out
Yes, we can make 2nd position liens. These are case-by-case pricing and LTV. We typically like to keep these loan amounts less than $100,000 unless there is an extreme amount of equity.

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

yes

Any, maybe an LTV adjustment

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

1

Credit Check Description

Credit is a formality. We mostly look at OFAC and public records on the credit report, not the score.

Appraisal Required for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Fees

Minimum Origination Fee Amount

$2,495

License

CalBRE Broker #01899277

Year Established

2011

Office Locations

3297 Rock Creek Way, Roseville, California 95747

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Own Funds
  • Fund to Fund

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • One Investor One Loan

Alternative Loan Structures

  • Own Balance Sheet
  • One Investor One Loan

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Percentage of Residential Property Loans Which are Fix and Flip

60%

Percentage of Residential Property Loans Which are Buy and Hold

40%

Percentage of Loans Secured by Land

10%

Total Number of Loans Funded to Date

300

Total Loan Volume Funded to Date

$35,000,000

2017 Number of Loans Funded

70

2017 Loan Volume Funded

$13,000,000

Craig Cox

President

Craig began his mortgage lending career in the subprime boom in the early 2000’s and originated his first private money loan is 2005. Since that time we have self-funded over 200 loans. Our real estate experience can help you not only with your loan, but possibly other avenues. We pride ourselves in being the fastest and most responsive lender in the Sacramento area. We are very transparent and committed to an excellent customer experience.

License Information
CalBRE - 01884300