LendTerra
Newport Beach, California
Property Geographic Area Details
Nationwide - all 50 states
Loan Amounts
$100,000 to $3,500,000
Interest Rates
11% to 17%
Loan Terms
12 months to 36 months
Origination Fees
4% to 15%
Lien Position
1st
Property Types
- 2-4 Units Residential
- Adult Day Care
- Assisted Living Facility
- Auto Dealership
- Auto Repair
- Bed and Breakfast
- Cannabis Dispensary
- Cannabis Grow Facility
- Car Wash
- Casino
- Child Day Care
- Cinema
- Club
- Commercial Condominium
- Community Center
- Condominium
- Cooperative
- Event Center
- Gas Station
- Golf Course
- Gym
- Healthcare
- Hospital
- Hostel
- Hotel
- Industrial
- Manufactured Home
- Marina
- Mixed-Use
- Mobile Home
- Mobile Home Park
- Motel
- Multifamily
- Night Club
- Office
- Place of Worship
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- RV Park
- Ranch
- Recreational
- Rehabilitation Facility
- Religious Facility
- Retail
- School
- Senior Housing
- Single Family Residence
- Storage Facility
- Student Housing
- Theater
- Vehicle Parking
- Winery
Specialty Loan Types
- Cannabis Use Properties
- Discounted Note Payoff
- Foreclosure Bailout
- Note Purchase
We will consider acquisition loans with seller financing, but we must be in 1st position. If the borrower is not contributing any of their own money, our max LTV will be 50% of the purchase price, and the 50% would be in 2nd position.
Max Loan-to-Purchase Price
60%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Equity in Primary Residence
- Seller Financing
- Gap Lender
- Crowdfunding
- Family
Processing Fee
$2,650
Documents Fee
$2,000
Extension Fee
3.5 points
Exit Fee
Case-by case, up to 3.5 points
Minimum Origination Fee Amount
$12,500
Fees which are mandatory for all new borrower clients
- Processing Fee
- Documents Fee
- Appraisal Fee
- Exit Fee
- Extension Fee
- Renewal Fee
Fees which are paid to a third party company
- Documents Fee
- Appraisal Fee
- Escrow Fee
- Title Fee
- Environmental Report Fee
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Office Locations
20281 SW Birch Street Ste 200 , Newport Beach, California 92660Our Team
David Crantz
CEO
Carol Bewley
Loan Originator
Contact LendTerra
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