Private Money Bridge Loans for California Property Investors

LK Secured Lending specializes in providing you fast and simple access to loans.  We lend money when others do not because we are a private lender founded by experienced real estate and finance professionals.

 

Property Geographic Area Details
California
Loan Amounts
$250,000 to $10,000,000
Interest Rates
6.99% to 7.99%
Loan Terms
1 months to 24 months
Origination Fees
1% to 3%
Lien Position
1st, 2nd
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
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Max LTP Commercial: 75%
Purchase Long-Term
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 80%
Max LTV 1st Lien Multifamily: 80%
Max CLTV 2nd Lien Multifamily: 80%
Max LTV 1st Lien Commercial: 75%
Max CLTV 2nd Lien Commercial: 75%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 80%
Max LTV 1st Lien Multifamily: 80%
Max CLTV 2nd Lien Multifamily: 80%
Max LTV 1st Lien Commercial: 75%
Max CLTV 2nd Lien Commercial: 75%
Refinance Long-Term
Max LTV Residential: 80%
Max LTV Multifamily: 80%
Residential Fix & Flip
Max LTP: 80%
Max LTC: 80%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 80%
Max LTC: 80%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 80%
Max LTC: 80%
Max LTARV: 75%
Commercial Value-Add
Max LTP: 75%
Max LTC: 75%
Max LTARV: 70%

Property Types

  • 2-4 Units Residential
  • Bed and Breakfast
  • Commercial Condominium
  • Healthcare
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Ranch
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing
  • Winery

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Discounted Note Payoff
  • Luxury Homes
  • Partner Buyout
  • Primary Residence Bridge
  • Primary Residence Business Purpose Cash Out
  • Residential Long-Term Rental
  • Residential Short-Term Rental
  • Vacation Rental

Junior Lien Loan Amounts

$250,000 to $10,000,000

Junior Lien Interest Rates

9.99% to 11.49%

Junior Lien Loan-to-Value

75%

Junior Lien Loan-to-Cost

75%

Junior Lien Origination Fees

1% to 3%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Family

Minimum Loan Amount

$250,000

Maximum Loan Amount

$5,000,000

Maximum Loan-To-Purchase

80%

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Properties

Yes

Maximum Number of Properties

6

Details and Requirements

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
Pre Payment Penalty

no

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
  • Non-Profit Corporation
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

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

Contact LK Secured Lending

LK Secured Lending pays us to be listed, so there is no fee to connect with them directly.

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We are a direct portfolio bridge lender who specializes in high leverage bridge loans including second position loans.  Our loans give you the most flexibility to get what you need, with no minimum loan size and never any prepayment penalties.

License

CA DRE Broker Lic. 02092674 / CFL Lic. 60DBO-113614

Year Established

2019

Office Locations

LK Secured Lending
555 Marin Street, Suite 140, Thousand Oaks, California 91360

Primary Capital Source
  • Debt Fund We Manage
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

75%

Our Team

Barry Levenson

Founder and CEO

Paul Kessler

Founder and Chairman

Contact LK Secured Lending

LK Secured Lending pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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805-283-9792 805-283-XXXX
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$250,000

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