Investment Property loans in California

Bridge | Rehab | Fix & Flip | Ground-Up Construction | DSCR Rental Loans |

Nationwide Mortgage has been based in California since 1998. We have a strong track record with thousand of loans funded, and we have worked with a wide variety of investors. Thanks to years of experience, we are equipped to handle even the most complicated lending scenarios, and we offer excellent service. Nationwide is the right lender  if you are looking for:

  • Fast, hassle-free funding
  • Experienced team with decades of experience
  • Personalized service
  • A team that cares

 

Property Geographic Area Details
California
Loan Amounts
$100,000 to $10,000,000
Interest Rates
7.25% to 12.5%
Loan Terms
4 months to 360 months
Origination Fees
0% to 2%
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
  • Value Add Project
  • Development Project
  • Primary Residence Purchase
  • Personal Use
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial
  • Owner Occupied Residential

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 75%
Max LTP Multifamily: 70%
Max LTP Commercial: 75%
Max CLTP Mezzanine: 70%
Purchase Long-Term
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Max LTP Commercial: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 60%
Max LTV 1st Lien Multifamily: 70%
Max CLTV 2nd Lien Multifamily: 60%
Max LTV 1st Lien Commercial: 75%
Max CLTV 2nd Lien Commercial: 60%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 60%
Max LTV 1st Lien Multifamily: 70%
Max CLTV 2nd Lien Multifamily: 60%
Max LTV 1st Lien Commercial: 70%
Max CLTV 2nd Lien Commercial: 60%
Refinance Long-Term
Max LTV Residential: 70%
Max LTV Multifamily: 70%
Max LTP Commercial: 70%
Residential Fix & Flip
Max LTP: 80%
Max LTC: 100%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 80%
Max LTC: 100%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 75%
Max LTC: 90%
Max LTARV: 70%
Commercial Value-Add
Max LTP: 70%
Max LTC: 80%
Max LTARV: 70%
Residential Construction
Max LTC: 80%
Max LTCV: 100%
Multifamily Construction
Max LTC: 85%
Max LTCV: 100%
Commercial Construction

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
  • Church
  • Cinema
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Covered Land
  • Equestrian
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Garage
  • 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
  • Residential Long-Term Rental

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Commercial Permanent Financing
  • Condo Conversion
  • Discounted Note Payoff
  • Land Development
  • Line of Credit Portfolio of Properties
  • Line of Credit Single Property
  • Primary Residence Bridge
  • Primary Residence Business Purpose Cash Out
  • Residential Long-Term Rental
  • Residential Non-Prime
  • Residential Short-Term Rental
  • Reverse 1031 Exchange
  • Vacation Rental

Junior Lien Loan Amounts

$200,000 to $500,000

Junior Lien Interest Rates

10% to 16%

Junior Lien Loan-to-Value

85%

Junior Lien Loan-to-Cost

85%

Junior Lien Origination Fees

3% to 5%

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine

Agribusiness Types

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

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

0%

Cannabis Property Use Type

  • Cultivation
  • Retail Dispensary
  • Retail Sales
  • Manufacturing
  • Processing
  • Production

Max Loan-to-Purchase Price

85%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

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

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%

Typical Number of Days for Funds Draw

15

Maximum After Repair Value

70%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

90%

Will Lend on Partially Completed Construction Projects

yes

Minimum Loan Amount

$200,000

Maximum Loan Amount

$2,500,000

Minimum Interest Rate

7.25%

Maximum Interest Rate

9%

Minimum Origination Fee

1%

Maximum Origination Fee

3%

Minimum Loan Term

60 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

75%

Maximum Loan-To-Purchase

80%

Minimum Debt Service Coverage Ratio

0.65

Will Lend on a Portfolio of Properties

No

Minimum Property Value

$200,000

Maximum Property Value

$10,000,000

Minimum Origination Fee Amount

$3,000

Fees which are paid to a third party company

  • Documents Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

15

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
  • No Monthly Payments Required
Pre Payment Penalty

yes

Typically at least 4 months
Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

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
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Minimum Credit Score Required

600

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

Legal Disclaimer

N A Nationwide Mortgage, a California Corporation is located at 1963 O'Toole Way, Suite 200, San Jose, CA 95131, (949) 588-8453. Unique Identifier NMLS #32417 www.nmlsconsumeraccess.org. Real Estate Broker – CA Department of Real Estate #01247594, Performing activities for which a license is required.

Contact Nationwide Mortgage – California

Nationwide Mortgage – California pays us to be listed, so there is no fee to connect with them directly.
(800) 748-9192 (800) 748-XXXX
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Why Nationwide?

  • Established: In business for 24+ years
  • Funded to Date: Over $5 billion
  • Closed Loans: 10,000+ loans closed
  • Experience: We have been around for over 20+ years and have seen a thing or two.  There is no substitute for Experience.
  • Programs: Some companies only have a limited credit box, and so if you don’t qualify for their programs you need to start over. We have lots of different programs and options are always good to have.
  • Service:  We strive to treat every Borrower the way we want to be treated.  Under-promise and always over-deliver.  By harnessing the latest technology & skills from a talented team, nothing beats that.
License

NMLS 32417, CA DRE BROKER 01247594

Year Established

1998

Office Locations

1963 O'Toole Way, Suite 200, San Jose, California 95131

Primary Capital Source
  • Individual Investors
  • Family Offices
  • Single Capital Partner
  • Life Insurance Companies
Loan Structure for Majority of Loans
  • One Investor One Loan
  • Table Funding with Capital Partner
Total Number of Loans Funded to Date

10,000

Total Loan Volume Funded to Date

$5,000,000,000

Our Team

Noelle Wheeler

President

CA DRE Broker - 01125188

Susie Bassirpou

Senior Loan Officer

CA DRE Salesperson - 01392454

Contact Nationwide Mortgage – California

Nationwide Mortgage – California pays us to be listed, so there is no fee to connect with them directly.
(800) 748-9192 (800) 748-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
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(800) 748-9192 (800) 748-XXXX
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Purchase and Refinance Bridge Loans
  • Rehab Fix and Flip Loans
  • Primary Residence Bridge Loans in California (buy before sell)
  • Owner-Occupied Home Loans in California
  • Construction Loans for SFR and Small Developments

Not Available

  • No Raw Land Financing

Send an email to Nationwide Mortgage – California