At MOR Financial we take pride in accessing each transaction on an individual basis and working with our borrowers to make sure their individual needs are met. We have a tremendous track record of success with our borrowers and our private investors. We make it a priority to facilitate a prosperous transaction for all parties involved.

Our programs are customizable to meet each borrowers needs. Whether that means highest possible leverage for a fix and flip transaction, lowest interest rate and fees for a refinance and everything in between.

We’re not your typical hard money lender!

Property Geographic Area Details

Primary and Secondary residential and commercial markets in California.

Loan Amounts

$100,000 to $10,000,000

Interest Rates

7.99% to 11.99%

Max Loan-To-Value

75%

Max Loan-To-Cost

100%

Origination Fees

0% to 3%

Loan Terms

6 months to 60 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project

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
  • Cannabis Dispensary
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent

Specialty Loan Types

  • Residential Long-Term Rental
  • Cannabis Use Properties

Cannabis Use Properties

We will consider cannabis use properties in large urban metro areas. Loans will be based on real estate value only.

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

50%

Cannabis Property Use Type

  • Retail Dispensary
  • Retail Sales

Land Loan

Description

Purchase only.

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Cannabis Use Land
  • Covered Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

40%

Max LTC for Land Acquisition

40%

Purchase Loan

Max Loan-To-Purchase Price

100%

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
  • 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

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

70.00%

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Payment Structure Details

Interest Only Payments - No Pre Payment Penalty

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

yes

Will consider equity partnerships for experienced rehabbers.

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA

Documentation Required

  • Bank Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Credit Check Description

Will pull credit but are more concerned with the asset, as we are an asset based lender.

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

Fees which are paid to a third party company

  • Appraisal Fee

Legal Disclaimer

All rates, terms, and fees are subject to change without notice. All loans offered are only available to investment, non-owner occupied properties. Pricing is based on area, risk, and track record. A full loan application, ability to service the note, and a full appraisal prior to commitment to fund are required.

At MOR Financial, one of California’s leading Hard Money Lenders, our purpose is to help connect our customers and clients to the things that matter most to them. Every day, we’re proud to partner with individuals, businesses, and communities, bringing them our skills and expertise to help make their financial lives better.

MOR Financial Services, Inc. has over 50 years of combined experience funding private and conventional loans. We work with many local and National private mortgage investors to help our clients find the right loan that best fits their needs.

Most of our team members have years of experience in the real estate arena from escrow and title to sales and hard money lending in the state of California. Our combined expertise gives us an advantage as a well rounded company that offers solutions to most problems. Our staff offers professionalism unparalleled in the industry, a quality that is has been consistent in all our client testimonials. Our promise to you is simple: You will always be able to get a hold of one of us and you will always get a direct response from the team member you are looking for.

 

License

CA DRE Broker Lic. 01860343

Company Size (Number of Employees)

8

Year Established

2006

Office Locations

MOR Financial Services, Inc.
1100 Wilshire Boulevard, Suite 3302, Los Angeles, California 90017

Primary Capital Source

  • Individual Investors

Alternative Capital Sources

  • Own Funds
  • Debt Fund We Manage
  • Family Offices

Loan Structure for Majority of Loans

  • One Investor One Loan
  • Multiple Investor Fractionalized Note

Alternative Loan Structures

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Percentage of Residential Property Loans Which are Fix and Flip

75%

Percentage of Residential Property Loans Which are Buy and Hold

25%

Percentage of Loans Secured by Land

1%

Total Number of Loans Funded to Date

917

Total Loan Volume Funded to Date

$250,000,000

Sean Morsi

Fund Manager | Founder

Sean Kareem Morsi is the founder and Chief Executive Officer of MOR Financial. While attending San Diego State University, Sean began his career with Premier Bancorp as a loan consultant in 2003. Shortly after earning his B.S/B.A. degree in Economics, Sean founded MOR Financial in 2006 with the goal of creating the most reputable and efficient private lending firm in California. Sean is a licensed CA Real Estate Broker and has been involved in real estate lending transactions that have eclipsed the $500 million mark.

License Information
CalDRE Broker - 01442047

Antony Tobar

Investor Relations

Antony Tobar is a Los Angeles local, with a background in accounting. Starting as a file compliance administrator at MOR Financial, he moved his way up to an investor relations account executive. Antony guides passive investors into trust deed offerings. Antony is knowledgeable about every transaction he presents to investors; from the origination of a trust deed to the servicing. He is well-informed and is able to assist the passive investor with any questions or concerns. Prior to MOR Financial, Antony headed his family business for five years handling the basics of day-to-day operations to the complicated decision making that comes with owning a business.

License Information
CalDRe - 02057418

Gipsy Ramirez

Account Manager

License Information
CalDRe - 02069691
Before You Contact Us

Our Minimum Loan Amount Is

$100,000

What We Do

  • Investment Properties in California
  • Residential Bridge up to 70% LTV
  • Commercial Real Estate up to 60% LTV
  • Creative Structures for Flips - 100% LTP
  • Cannabis-Use Properties up to 50% LTV

Not Available

  • NO Owner-Occupied Homes
  • NO Value-Add Multifamily Projects
  • NO High Leverage for CRE
  • NO Special Purpose Properties
  • NO 2nd Cash Out or Gap Funding

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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