Mid Valley Financial

Property Geographic Area Details

California: Central Valley, Fresno, Bakersfield, Greater Sacramento, Inland Empire, Central Coast

Loan Amounts

$35,000 to $10,000,000

Interest Rates

6% to 13%

Loan Terms

6 months to 60 months

Origination Fees

1% to 4%

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
Business Working Capital
Development Project

Property Occupancy

Vacant
Tenant Occupied 100%
Owner Occupied Commercial

Property Types

2-4 Units Residential
Adult Day Care
Agricultural
Assisted Living Facility
Auto Dealership
Auto Repair
Bed and Breakfast
Cannabis Dispensary
Cannabis Grow Facility
Car Wash
Casino
Child Day Care
Cinema
Club
Commercial Land
Community Center
Equestrian
Event Center
Gas Station
Golf Course
Gym
Healthcare
Hospital
Hotel
Industrial
Marina
Mixed-Use
Motel
Multifamily
Night Club
Office
Parking Lot
Place of Worship
Portfolio of Commercial Properties
Portfolio of Residential Properties
RV Park
Ranch
Recreational
Rehabilitation Facility
Religious Facility
Residential Land
Retail
School
Senior Housing
Single Family Residence
Sports Facility
Storage Facility
Student Housing
Theater
Vehicle Parking
Winery

Loan Types

Private Money
Hard Money
Residential Bridge
Residential Fix and Flip
Residential Rehab and Rent
Residential Ground-Up Construction
Commercial Bridge
Commercial Ground-Up Construction

Specialty Loan Types

2nd Mortgage Equity Cash Out

Junior Lien Loan Amounts

$50,000 to $2,000,000

Junior Lien Interest Rates

12% to 14%

Junior Lien Loan-to-Value

70%

Junior Lien Origination Fees

3% to 4%

We Fund Junior Position Loans

Rarely

Junior Lien Types

Purchase
Refinance

Agribusiness Types

Cattle Ranch
Cannabis
Citrus Grove
Corn
Cotton
Dairy
Equestrian
Melons
Peach
Peanuts
Row Crops
Swine
Tree Nuts
Vegetables

Cannabis Use Properties

Owner-user or Landlords are OK

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

65%

Cannabis Property Use Type

Cultivation
Retail Dispensary
Retail Sales
Manufacturing
Processing
Production

Description

Unentitled land we typically max out at 30% LTV.

Land Types Considered

Residential Land
Multifamily Land
Industrial Land
Office Land
Retail Land
Hospitality Land
Agricultural Land
Special Purpose Land
Cannabis Use Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

Junior Lien Types

Purchase
Refinance

OK with seller financing in 2nd position, but borrower still must have some cash in the deal.

Max Loan-to-Purchase Price

70%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

Allowed Source of Borrower’s Equity

Own Cash
Partner
Equity in Another Investment Property
Seller Financing

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

Maximum After Repair Value

70%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

100%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Multi-Purpose Lender Fee

Includes underwriting, processing and docs

Minimum Origination Fee Amount

$4,000

Fees which are mandatory for all new borrower clients

Appraisal Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized

Payment Structure Details

Amortization only for owner-occupied homes

Pre Payment Penalty

Will lend to a foreign national

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

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Corporation

Documentation Required

Credit Report
Tax Returns
Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Credit Check Description

No minimum score

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

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Mid Valley Financial pays us to be listed, so there is no fee to connect with them directly.

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Mid Valley Financial is the Central Valley’s premier residential and commercial mortgage lender. We pride ourselves on offering some of the lowest rates and making the loan process fast, simple and straight forward for borrowers.

License

CA DRE Broker Lic. 01206057, NMLS ID 219418

Company Size (Number of Employees)

Year Established

1985

Office Locations

7644 N. Palm, Fresno, CA 93711

Primary Capital Source

Individual Investors
Family Offices
Single Capital Partner

Loan Structure for Majority of Loans

Own Balance Sheet
One Investor One Loan
Multiple Investor Fractionalized Note

Contact Mid Valley Financial

Mid Valley Financial pays us to be listed, so there is no fee to connect with them directly.

Send email Create a Loan Request

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