LoanGuys.com is a nationwide mortgage leader focusing on Private Money Loans and Conventional Home Loans. Our private money lending programs are Rental Property Loans, Bridge Loans and Fix and Flip loans. These loans are for real estate investors who are looking to collect cash flow from their rental properties. Our Fix and Flip loans are built for investors who are looking to rehab a property and sell the property for a profit. Our team has a culmination of over 30 years experience.

Property Geographic Area Details

We lend nationwide

Loan Amounts

$100,000 to $3,000,000

Interest Rates

3.49% to 9.50%

Max Loan-To-Value

80%

Max Loan-To-Cost

90%

Origination Fees

2% to 3%

Loan Terms

12 months to 360 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Invest in a Business
  • Business Working Capital

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Car Wash
  • Commercial Condominium
  • Condominium
  • Multifamily
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Long-Term Rental

Purchase Loan

We fund up to 90% of the purchase price for Fix & Flip projects, so borrower needs to contribute at least 10% cash. For rental loans, we max out at 80% LTV, so 20%+ cash down payment required.

Max Loan-To-Purchase Price

90%

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
  • Seller Financing
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

75.00%

Residential Long-Term Rental

Minimum Loan Amount

$100,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

3.49%

Maximum Interest Rate

6.99%

Minimum Origination Fee

2%

Maximum Origination Fee

3%

Minimum Loan Term

60 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

80%

Seasoning Time

3 months

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Rentals

Yes

Minimum Number of Properties

2

Maximum Number of Properties

100

Minimum Property Value

$100,000

Maximum Property Value

$30,000,000

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized

Payment Structure Details

Amortized for Long-Term Rental Loans

Pre Payment Penalty

yes

No prepay penalty for short-term bridge, but we do charge on long-term rental.

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
  • Corporation

Documentation Required

  • Credit Report

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

620

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Fees

Appraisal Fee

Paid directly to appraiser

Renovation Construction Draw Fee

$150 per draw

Additional Details

We don't charge any in-house fees beside the origination fees (points). Appraisal and closing costs are paid directly to third-party companies.

With our team having more than 30+ years of service and over thousands of funded loans, we are the one of the top choices for real estate financing. Big or small, LoanGuys.com does it all.

We pride ourselves on funding the impossible, successfully securing deals that traditional banks won’t consider. We are a no experience required lender, which means you don’t need to have 2-3 successful deals under your belt just to qualify. Bad Credit? No Problem. We’ve got you covered there too.

Our three main services include Hard Money/Fix and Flip Loans, Conventional Loans, and Stated Income Loans. We currently have more than $100 million in available capital to invest. Getting pre-approved with our agents will take you just a few minutes and doesn’t require invasive credit checks.

We are grateful to every one of our borrowers who have allowed us to grow our lending potential over the last four decades. Over the years, our borrowers have returned major profits for themselves and their investors, generating $250 million+ on $1 Billion in Capital.

LoanGuys.com has an A+ Rating with the Better Business Bureau, with no complaints. View our listing on the BBB website.

Legions Capital Inc. DBA loanguys.com Inc, Equal Housing Lender, NMLS ID#: 1553947 California Finance Lender License#: 60DBO6454

License

CFL License 60DBO-64540

Company Size (Number of Employees)

37

Year Established

2016

Associations

  • American Association of Private Lenders
  • National Association of Mortgage Brokers

Office Locations

LoanGuys.com
21777 Ventura Boulevard, Woodland Hills, California 91367

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Debt Fund We Manage

2020 Loan Volume Funded

$100,000,000

Before You Contact Us

Our Minimum Loan Amount Is

$100,000

What We Do

  • Fix & Flip, Long-Term Rental Loans
  • Residential & Multifamily Properties
  • Up to 90% LTP for Fix & Flip
  • 10% Cash Required for Flip Purchase
  • Up to 80% LTV for Long-Term Rental

Not Available

  • NO Land or Ground-Up Construction
  • NO 100% Finanicng
  • NO Commercial or Specialty Properties
  • NO Rural Areas

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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