Private Lending for Commercial Investment Properties

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

Nationwide Mortgage has a strong track record, and we have worked with a wide variety of investors. Thanks to years of experience, we are equipped to handle even the most complicated loan scenarios, and we offer excellent service.

  • Fast, hassle-free funding
  • Experienced team with decades of experience
  • Personalized service
  • A team that cares
Loan Amounts
$100,000 to $25,000,000
Loan Terms
6 months to 360 months
Origination Fees
1% to 2%
Lien Position
1st
Collateral Types
  • 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
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 80%
Max LTP Multifamily: 70%
Max LTP Commercial: 65%
Max LTP Land: 30%
Purchase Long-Term
Max LTP Residential: 80%
Max LTP Multifamily: 75%
Max LTP Commercial: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 65%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 70%
Refinance Long-Term
Max LTV Residential: 75%
Max LTV Multifamily: 75%
Max LTP Commercial: 75%
Residential Fix & Flip
Max LTP: 80%
Max LTC: 100%
Max LTARV: 70%
Residential Rehab & Hold
Max LTP: 80%
Max LTC: 100%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 75%
Max LTC: 75%
Max LTARV: 75%
Commercial Value-Add
Max LTP: 75%
Max LTC: 70%
Max LTARV: 70%
Multifamily Construction
Max LTC: 65%
Max LTCV: 65%
Commercial Construction

Property Types

  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Car Wash
  • Casino
  • Child Day Care
  • Church
  • Commercial Condominium
  • Community Center
  • Condominium
  • 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
  • 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

  • Commercial Permanent Financing
  • Condo Conversion
  • Foreclosure Bailout
  • 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

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

Existing Land Improvements Required

  • Electricity
  • Water

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out

Max Loan-to-Purchase Price

80%

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

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

3

Maximum After Repair Value

70%
We would not participate in the land acquisition. Property must have entitlements and be shovel ready.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

70%

Will Lend on Partially Completed Construction Projects

yes

Minimum Loan Amount

$100,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

7.25%

Maximum Interest Rate

9%

Minimum Origination Fee

1%

Maximum Origination Fee

2%

Minimum Loan Term

36 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

80%

Minimum Debt Service Coverage Ratio

1.00

Maximum Debt-to-Income Ratio

0.65%

Will Lend on a Portfolio of Properties

Yes

Minimum Number of Properties

2

Maximum Number of Properties

52

Minimum Property Value

$150,000

Maximum Property Value

$2,500,000

Documents Fee

Most loans require a loan document fee. Costs vary.

Settlement Fee

All loans have a settlement fee.

Escrow Fee

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

Title Fee

All loans will require title insurance.

Appraisal Fee

If an appraisal is needed the fee is typically paid directly to the appraiser.

Renovation Construction Draw Fee

$These fees are per draw and are usually around $250 - $350

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)

7

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
Pre Payment Penalty

yes

Most bridge loans have at least a 4-month prepayment. And long term loans typically have pre-payment penalties of 3 - 5 years.
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
Credit Check Required

yes

Minimum Credit Score Required

640

Appraisal Required for Commercial 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. 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)

-2

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
  • One Investor One Loan
  • Table Funding with Capital Partner
Percentage of Loans Secured by Commercial Property

5%

Percentage of Loans Secured by Residential Property

95%

Total Number of Loans Funded to Date

10,000

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

Contact Nationwide Mortgage

Nationwide Mortgage pays us to be listed, so there is no fee to connect with them directly.

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Our Minimum Loan Amount Is

$100,000

What We Do

  • Fix and Flip
  • Bridge Loans
  • Construction
  • DSCR

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