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%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

80.00%

Origination Fees

2% to 4%

Loan Terms

6 months to 36 months

Lien Position

  • 1st
  • 2nd
  • 3rd

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 and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease

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
  • Commercial Bridge
  • Residential Bridge
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Specialty Loan Types

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

Junior Liens

Junior Lien Loan Amounts

$100,000.00 to $15,000,000.00

Junior Lien Interest Rates

8% to 12.5%

Junior Lien Loan-to-Value

70.00%

Junior Lien Loan-to-Cost

80.00%

Junior Lien Origination Fees

2.00% to 4.00%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out

Agribusiness Loan

Agribusiness Types

  • Cattle Ranch
  • Cannabis
  • Equestrian
  • Peanuts

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

70.00%

Cannabis Property Use Type

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

Land Loan

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

50.00%

Max LTC for Land Acquisition

50.00%

Purchase Loan

Max Loan-To-Purchase Price

75.00%

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

Rehab Value Add Loan

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

75.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

5

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

80.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

1

Works With

  • Brokers
  • Borrowers

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

Fees

Documents Fee

Paid direct to attorney

Legal Fee

Funding Fee

Escrow Fee

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

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

Alternative Loan Structures

  • One Investor One Loan

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Percentage of Residential Property Loans Which are Buy and Hold

100%

Percentage of Loans Secured by Land

5%

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
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months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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Requested loan amount divided by the purchase price + rehab/construction costs

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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Requested loan amount divided by the purchase price + rehab/construction costs

%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

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acres

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