Property Geographic Area Details

Nationwide - all 50 states

Loan Amounts

$100,000 to $3,500,000

Interest Rates

11% to 17%

Max Loan-To-Value

60.00%

Max Loan-To-Cost

60.00%

Origination Fees

4% to 15%

Loan Terms

12 months to 36 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
  • Development Project
  • Personal Use

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 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

Loan Types

Specialty Loan Types

  • Note Purchase
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Cannabis Use Properties

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

60.00%

Cannabis Property Use Type

  • Cultivation
  • Retail Dispensary
  • Retail Sales
  • Manufacturing
  • Processing
  • Production

Purchase Loan

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

60.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed 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

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

yes

6 months, as long as payments are made on time all the time.

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

yes

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation

Documentation Required

  • Credit Report
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes
Case-by-Case

Credit Check Required

yes

Minimum Credit Score Required

300

Credit Check Description

We will check credit, but the score is not important to us.

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

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 charged upfront prior to loan closing

  • Documents Fee
  • Appraisal Fee

Fees which are paid to a third party company

  • Documents Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Environmental Report Fee

Company Size (Number of Employees)

12

Office Locations

20281 SW Birch Street Ste 200 , Newport Beach, California 92660

Primary Capital Source

  • Debt Fund We Manage
  • Private Equity Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

80%

Percentage of Loans Secured by Residential Property

20%

David Crantz

CEO

Carol Bewley

Loan Originator

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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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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(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?

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