LBC Capital is a private mortgage fund that provides short term bridge and interim financing to investment residential and commercial property investors in California. We fund loans fast, normally within 7 days. We are dedicated to streamlining the funding process for our clients. LBC can accommodate “unique” or “special” situations which most other lenders will not consider. Borrowers don’t have to worry about being taken advantage of by our company. When compared to our competitors, we carefully consider each loan opportunity. If you have equity, we can fund your deal!

Loan Amounts

$50,000 to $25,000,000

Interest Rates

8% to 12%

Max Loan-To-Value

75.00%

Max Loan-To-Cost

90.00%

Origination Fees

1% to 3%

Loan Terms

6 months to 120 months

Lien Position

  • 1st
  • 2nd

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 Geographic Area Details

We work in all states with the exception of Nevada

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Commercial Condominium
  • Condominium
  • Industrial
  • Mixed-Use
  • Office
  • Retail
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Residential Long-Term Rental
  • Note Purchase
  • Partner Buyout
  • Foreclosure Bailout
  • Cannabis Use Properties

Junior Liens

Junior Lien Loan Amounts

$50,000.00 to $2,000,000.00

Junior Lien Interest Rates

10% to 12%

Junior Lien Loan-to-Value

65.00%

Junior Lien Loan-to-Cost

0%

Junior Lien Origination Fees

2.00% to 4.00%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
Junior liens are reviewed on a case to case basis. Up to 65% CLTV. Rates a higher and will request documentation on first loan. Junior Liens in California Only for time being.

Purchase Loan

Max Loan-To-Purchase Price

90.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

2

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

0%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

4

Max LTC for Ground-Up Construction Costs

80.00%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

2

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Pre Payment Penalty

yes

Will lend to a foreign national

yes

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
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

580

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

Underwriting Fee

$399.00 to $699.00

Processing Fee

Documents Fee

Inspection Fee

Interior Property Inspection

Extension Fee

After loan matures

Exit Fee

Instead of collecting origination up front, can be paid at loan payoff

Fees which are charged upfront prior to loan closing

  • Inspection Fee

Fees which are paid to a third party company

  • Due Diligence Fee
  • Settlement Fee
  • Appraisal Fee
  • Inspection Fee
  • Escrow Fee
  • Title Fee

We establish long term lending relationships with our commercial and residential property investors. Lending Bee, Inc. has access to a private pool of financial resources through our sister fund, LBC Capital. But we will also utilize other individual investors and private mortgage funds in order to get the best rate, term, and points.

Why us?

We are your alternative to the monopolies established by other private mortgage fund firms. Investors are recognizing the benefits of the hard money loans and 7 day funding policy provided by Lending Bee, Inc. and we are experiencing strong demand from borrowers who feel trapped in a difficult lending market.

We carefully consider each loan opportunity and do not systematically drop loans that may be considered to be too far outside arbitrary guidelines. If you’re a borrower frustrated by a lending market that is too difficult to work with, then you’ve come to the right place!

License

CalDRE # 01995805

Established

2014

Associations

  • CMA - California Mortgage Association - General Member

Office Locations

4605 Lankershim Boulevard, Suite 419, North Hollywood, California, 91602

Primary Capital Source

  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
  • Family Offices
  • Other Private Lending Companies
  • Private Equity Funds
  • Friends & Family
  • Fund to Fund

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • One Investor One Loan

Alternative Loan Structures

  • Multiple Investor Fractionalized Note
  • Multiple Lender Participation
  • A/B Note Participation with Private Investor

Percentage of company’s lending business focused on private mortgage

90%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Residential Mortgage Brokerage
  • Note Investing
  • Residential Real Estate Investing
  • Real Estate Development

Percentage of Loans Secured by Commercial Property

30%

Percentage of Loans Secured by Residential Property

70%

Percentage of Residential Property Loans Which are Fix and Flip

50%

Percentage of Residential Property Loans Which are Buy and Hold

45%

Percentage of Residential Property Loans Which are Owner-Occupied

5%

Percentage of Loans Secured by Land

5%

Total Number of Loans Funded to Date

1000

Total Loan Volume Funded to Date

$500,000,000

2017 Number of Loans Funded

215

2017 Loan Volume Funded

$12,000,000

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.)

$
$
$
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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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how will the loan be paid off?

acres

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