Your Premier Private Money Lender in California

Olympia Financial provides equity-based financing for commercial and residential real estate property.  We work with borrowers who do not meet the stringent requirements of conventional underwriting guidelines.Our excellent reputation as a private money lender has been built on our ability to provides fast financial solutions.Our goal is to provide short-term financing solutions.  Upon closing, we assist our clients in every way possible and are routinely referred new clients through friends and family.

Property Geographic Area Details
California
Loan Amounts
$100,000 to $15,000,000
Interest Rates
8% to 12.5%
Loan Terms
6 months to 36 months
Origination Fees
2% to 4%
Lien Position
1st, 2nd, 3rd
Collateral Types
  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease
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
  • Owner Occupied Residential

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
  • Cinema
  • Club
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Equestrian
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Marina
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Vehicle Parking
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Commercial Bridge
  • Commercial Ground-Up Construction

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • 3rd Mortgage Equity Cash Out
  • Cannabis Use Properties
  • Foreclosure Bailout
  • Land Development
  • Note Purchase
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out

Junior Lien Loan Amounts

$100,000 to $15,000,000

Junior Lien Interest Rates

8% to 12.5%

Junior Lien Loan-to-Value

70%

Junior Lien Loan-to-Cost

80%

Junior Lien Origination Fees

2% to 4%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out

Agribusiness Types

  • Cattle Ranch
  • Cannabis
  • Equestrian
  • Peanuts

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

70%

Cannabis Property Use Type

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

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

  • Street Access

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out

Max Loan-to-Purchase Price

75%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

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
  • Crowdfunding
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

3

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

75%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

5

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

80%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Documents Fee

Paid direct to attorney

Fees which are mandatory for all new borrower clients

  • Documents Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

1

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

yes

6 months minimum interest
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

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Credit Check Description

No minimum credit score, but we will run a credit report for the borrower(s).

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

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Olympia Financial has well over 30 years of professional experience. We have a team of trained and experienced consultants ready to facilitate your every question. Olympia Financial prides itself on knowledge. We are at the forefront of this quickly changing economy and we work closely with our clients because we are fully committed to meeting and exceeding expectations.

At Olympia Financial, delivering impeccable customer service is not just a cliché – it has been our standard and commitment from the beginning. Olympia is growing rapidly as a result of this commitment, with an emphasis on convenience and services for its clients. We accommodate in-house appointments and sign-offs, maintaining an excellent reputation for fast and creative financing solutions. Our primary emphasis has always been providing exemplary customer service.

Olympia Financial is the preferred lender for accountants, attorney’s, bankers, business managers, independent mortgage brokers and other professionals seeking fast and reliable bridge financing for their clients.

Olympia’s Codes of Conduct:
​To continue the pursuit of excellence of mortgage loan originations with such high standards that members of the community will recognize Olympia Financial as the industry leader. This pursuit will include, but is not limited to,leading agents toward individual growth in the real estate industry, while upholding the highest level of honesty and integrity.

Year Established

1997

Associations

  • California Mortgage Association - Member

Office Locations

16633 Ventura Boulevard, Suite 700, Encino, California 91436

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Individual Investors
  • Family Offices
  • Private Equity Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Contact Olympia Financial

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

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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Our Minimum Loan Amount Is

$100,000

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