Private Lending and Hard Money Mortgages for Real Estate Investors Nationwide

Bridge | Fix & Flip | Ground-Up Construction

We specialize in Hard Money financing which is also referred to as Private Lending. These equity based loans can often offer features that banks can not in terms of:

  • Speed of funding
  • Flexibility with documentation
  • Higher leverage
  • Lower Credit Scores
  • Less Cash required

These are usually short-term bridge loan, 12 – 24 months, that are used for

  • Acquisitions
  • Cash out
  • Increase cash flow
  • Buy more properties
  • Payoff an existing mortgage that may have a balloon payment due or has become delinquent
  • Expand your business
  • Pay off tax liens
  • Renovation or Construction Loans
  • Rehab or renovate an Residential Investment Property or Commercial Building.
  • Build an individual Building or an entire development project, from the ground up

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
Nationwide except AZ, ID, NV, ND, OR, SD, UT, VT
Loan Amounts
$100,000 to $10,000,000
Interest Rates
7.375% to 11%
Loan Terms
6 months to 360 months
Origination Fees
1% 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
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Fix & Flip

Up to 100% Loan-to-Purchase & 100% of renovation costs.

In order to get 100% Loan-to-Purchase your Acquisition cost can be no more than 65% of the ARV.  And then after successful completion of a deal you could be promoted to a 70% ARV on your next transaction.

Example:

$1,000,000 Acquisition Price.

$1,550,000 After Repair Value

ARV x .65 = $1,007,500 which would support a $1,000,000 advance for the acquisition.

Term: 9 months. Interest Rate starts at 10% Interest-Only.  Interest will only be charged on the outstanding principal balance of the loan.

Repair Budget: This is a low to moderate repair program.  As such, the repair budget on any
given transaction is typically less than or equal to 30% of the Total Loan Commitment.

Maximum Transaction: $1,250,000 (Purchase & Repairs)

Bank Statement: A current bank statement on each Borrower.  $30,000 min required for each loan approval.

Credit Report:  Minimum credit score of 620.  Authorization is required from the Borrower to make a soft inquiry or “soft pull” which will not affect the Borrower’s credit score.

Loan Criteria Collateral:  Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

Low Rate and Cost Program:

Minimum and Maximum Loan amount:  $100,000 – $10,000,000

Loan to Acquisition: 80%

Term:  12 Months

Rates: As low as 7.99%

Points: Min 1 point based on loan amount.

Credit Score: Min 380

ARV: Maximum loan to After Repair ratio is 70%

Bridge Loans

Minimum and Maximum Loan amount:  $100,000 – $10,000,000

Loan to Acquisition: 80%

Term:  12 Months

Rates: As low as 7.99%

Points: Min 1 point based on loan amount.

Credit Score: Min 680

Construction Loans

Minimum and Maximum Loan amount:  $100,000 – $10,000,000

Loan to Acquisition: 80%

Term:  12 Months

Rates: As low as 8.5%

Points: Min 1 point based on loan amount.

Credit Score: Min 680

Experience Required: Yes

Some states prohibited. Call for details.

 

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Commercial Condominium
  • Community Center
  • Condominium
  • Gas Station
  • Hospital
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Rehabilitation Facility
  • Religious Facility
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Winery

Loan Types

  • Residential Fix and Flip
  • Residential Long-Term Rental

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • 3rd Mortgage Equity Cash Out
  • Cannabis Use Properties
  • Commercial Permanent Financing
  • Condo Conversion
  • Foreclosure Bailout
  • Land Development
  • Line of Credit Portfolio of Properties
  • Line of Credit Single Property
  • Note Purchase
  • Partner Buyout
  • Primary Residence Bridge
  • Primary Residence Business Purpose Cash Out
  • Residential Long-Term Rental
  • Residential Non-Prime
  • Reverse 1031 Exchange

Junior Lien Loan Amounts

$75,000 to $100,000

Junior Lien Interest Rates

8% to 12%

Junior Lien Loan-to-Value

65%

Junior Lien Loan-to-Cost

70%

Junior Lien Origination Fees

2% to 5%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
For rehab projects, we can fund up to 90% of the purchase price. In some cases, we may be able to fund 100%, but only for very experienced investors, and if the loan-to-after-repair value is under 70%.

Max Loan-to-Purchase Price

90%

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
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Family

Minimum Loan Amount

$100,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

3.875%

Maximum Interest Rate

5%

Minimum Origination Fee

1%

Maximum Origination Fee

2%

Minimum Loan Term

36 months

Maximum Loan Term

360 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

52

Minimum Property Value

$150,000

Maximum Property Value

$1

Documents Fee

Some loans require a loan docs fee, and the fees vary.

Escrow Fee

Most loans will be settled by escrow or a settlement agent and will have this fee.

Title Fee

Most loans will have title insurance.

Appraisal Fee

Fee paid directly to appraiser or company providing a broker price opinion.

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)

7

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

yes

Most bridge loans have at least a 4-month prepayment.
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
  • Trust
  • Corporation
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
May be required.
Credit Check Required

yes

Minimum Credit Score Required

1

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. Florida Mortgage Broker License #MBR2347. Virginia Broker License #MC-5843. Washington Mortgage Broker License #MB-32417.

Nationwide Mortgage Testimonials

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Why Nationwide?

Established – 1997

Funded to Date – $5+ billion funded

Closed Loans – 10,000+

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.  If you don’t qualify for those programs then you need to start over. For example, some Borrowers have come to us thinking they needed a Private or Hard money loan, and we were able to get them a Non-Prime product with much better terms.  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, FL MBR2347, VA MC-5843, WA MB-32417

Company Size (Number of Employees)

7

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
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • One Investor One Loan
  • Table Funding with Capital Partner
Percentage of Loans Secured by Commercial Property

5%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

20%

Total Number of Loans Funded to Date

10000

Total Loan Volume Funded to Date

$5,000,000,000

Our Team

Noelle Wheeler

President & Broker

NMLS ID - 32388
CA DRE Broker - 01125188
Florida MLO - LO29466
Virginia MLO - 6266VA
Washington MLO - 32388

Susie

Bassirpou

NMLS ID - 1998306
California DRE Salesperson - 01392454
Florida Originator - 100102
Washington Originator - MLO-1998306

Get In Touch

Nationwide Mortgage 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.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$100,000

What We Do

  • Fix and Flip
  • Bridge Loans
  • Construction

Not Available

  • No Land Loans
  • No Rural Locations

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