Direct Lender for California Real Estate Investors

At MOR Financial, our programs are customizable to meet each borrower’s 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.

  • Loan Amounts Up to $3M
  • Purchase & Refinance Bridge Loans
  • Residential Fix & Flip (or Rent) Loans
    • 100% Loan-to-Purchase Price
    • Borrower pays for entire rehab budget
  • Cannabis-Use Properties (in large metro areas)
  • Land Loans in Urban and Suburban areas
  • Flexible valuation options – BPO, desktop appraisal, etc.
  • Zero Points option

Please note: We do not offer loans for owner-occupied homes or ground-up construction projects.

Property Geographic Area Details
California only - primary and secondary markets. No rural areas.
Loan Amounts
$100,000 to $3,000,000
Interest Rates
7.99% to 11.99%
Loan Terms
6 months to 36 months
Origination Fees
0% to 3%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
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

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 75%
Max LTP Multifamily: 70%
Max LTP Commercial: 65%
Max LTP Land: 50%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 65%
Max LTV 1st Lien Land: 50%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 50%
Residential Fix & Flip
Max LTP: 100%
Max LTARV: 70%
Residential Rehab & Hold
Max LTP: 100%
Max LTARV: 70%
Multifamily Value-Add
Max LTP: 100%
Max LTARV: 70%
Commercial Value-Add
Max LTP: 70%
Max LTARV: 65%

Property Types

  • 2-4 Units Residential
  • Auto Repair
  • Cannabis Dispensary
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Gas Station
  • 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
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent

Specialty Loan Types

  • Cannabis Use Properties

Description

For land, we only consider a purchase or the refinance of another loan. We do NOT offer cash out for land.

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

50%

Max LTC for Land Acquisition

50%
We only offer 100% loan-to-purchase for residential rehab projects. For non-rehab loans, borrowers will need a down payment of 25-35% in the form of cash or equity in another property.

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
Our rehab fix & flip or fix & rent loans are structured differently than most other private lending companies. We'll fund up to 100% of the purchase price, but the investor/borrower must provide all the funds for the rehab. The rehab funds are placed in a controlled non-interest bearing escrow. 20% of the funds are released immediately after funding, and the rest of the funds are released after inspections for each phase of the project.

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

0%

Typical Number of Days for Funds Draw

2

Maximum After Repair Value

70.00%

Multi-Purpose Lender Fee

We charge a multi-purpose fee in additional to the origination fee. It covers loan documents, wire fees, underwriting, and loan processing, rehab draw fees (if applicable).

Appraisal Fee

Appraisal fees are paid directly to the appraiser

Renovation Construction Draw Fee

Inspection fees are paid directly to the inspector.

Minimum Origination Fee Amount

$2,000

Fees which are paid to a third party company

  • Appraisal Fee
  • Renovation or Construction Funds Draw Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

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
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

550

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

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

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.

Additional Details

We don't always require a full appraisal. In many cases a BPO or hybrid valuation is accepted.

Get In Touch

MOR Financial pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.
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About MOR Financial Services, Inc.

  • California Hard Money Lender / Asset Based Lender
  • We handle loan origination to loan servicing (Post Closing). We do not send you to a different servicer.
  •  We manage our own Investment fund to close these loan originations.
  • Since we manage our own fund, we make the decision to approve a loan.
  • We can customize loans to fit your needs.
  • We can fund your deal as fast as 3 days!

 

License

CA DRE Broker Lic. 01860343

Company Size (Number of Employees)

8

Year Established

2006

Office Locations

1100 Wilshire Boulevard, Suite 3302, Los Angeles, California 90017

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
Alternative Capital Sources
  • Own Funds
  • Debt Fund We Manage
  • Family Offices
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • One Investor One Loan
  • Multiple Investor Fractionalized Note
Percentage of Loans Secured by Commercial Property

30%

Percentage of Loans Secured by Residential Property

70%

Total Number of Loans Funded to Date

1500

Total Loan Volume Funded to Date

$550,000,000

Our Team

Sean Morsi

Fund Manager, Founder

CA DRE Broker Lic. - 01442047

Antony Tobar

Investor Relations

CA DRE Lic. - 02057418

Get In Touch

MOR Financial pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.
Contact COMPANY

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Investment Properties in California
  • Residential Bridge up to 75% LTV
  • Commercial Real Estate up to 65% LTV
  • Creative Structures for SFR Rehabs
  • Cannabis-Use Properties up to 55% LTV

Not Available

  • NO Owner-Occupied Homes
  • NO 2nd Cash Out or Gap Funding
  • NO Ground-Up Construction
  • NO Special Purpose Properties
  • NO Rural Areas

Send an email to MOR Financial