Direct Private Lender for Construction Projects Nationwide

Parkview Financial is a direct private money construction lender. We specialize in construction loans for commercial properties throughout the United States, but we also offer bridge loans for a property acquisition or refinance. Parkview was founded by real estate developers and general contractors who have developed over $350MM in commercial and residential projects in Southern California. We offer fast approvals for our construction loans. No tax returns needed and no minimum FICO score is required. All we need is a Cost Breakdown Sheet.

Property Types We Consider: Multifamily, Mixed Use, Retail, Office, Industrial, Large Spec Homes

 

Property Geographic Area Details

Primary Markets Nationwide

Loan Amounts

$5,000,000 to $100,000,000

Interest Rates

7.99% to 11.99%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

75.00%

Origination Fees

1% to 3%

Loan Terms

12 months to 36 months

Lien Position

  • 1st

Loan Purpose

  • Development Project

Property Occupancy

  • Vacant

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • Condominium
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Retail
  • Single Family Residence

Loan Types

  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

75.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

no

Details and Requirements

Typical Closing Time (Days)

30

Fastest Closing Time (Days)

20

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

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

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Bank Statements

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

Appraisal Required for Residential Property

Never

Appraisal Required for Commercial Property

Never

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Deposit Required

$0 to $0

Deposit required after LOI is singed.

Fees which are mandatory for all new borrower clients

  • Deposit

Parkview Financial is a private money construction lender based in Los Angeles, California. Our company was founded by real estate developers who have many years of experience in building all types of asset classes – custom homes, multifamily, office, industrial, retail, mixed use and others. Having been developers ourselves, we have the ability to effectively underwrite and manage construction loans in most Western States. Our experience and expertise enables us to help real estate developers achieve their goals. Parkview Financial is well-know and has a solid reputation in the commercial real estate industry.

Parkview Financial is the manager of Parkview Financial Fund GP, Inc.

License

CA DRE Lic. 01979740

Company Size (Number of Employees)

10

Year Established

2009

Associations

  • International Council of Shopping Center (ICSC)
  • Commercial Real Estate Professionals (CREPOC)
  • Southern California Development Forum (SCDF)
  • Bay Area Mortgage Association (BAMA)
  • Los Angeles Mortgage Association (LAMA)
  • Westside Urban Forum

Office Locations

11601 Wilshire Boulevard, Suite 2100, Los Angeles, California 90025

Primary Capital Source

  • Debt Fund We Manage

Alternative Capital Sources

  • Own Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

90%

Percentage of Loans Secured by Residential Property

10%

Percentage of Commercial Property Loans Which are Ground-Up Construction

95%

Percentage of Residential Property Loans Which are Ground-Up Construction

100%

Paul Rahimian

Chief Executive Officer

Paul Rahimian is a third-generation developer and general contractor, and has developed over $350MM in commercial and residential projects throughout Southern California. Over the course of his career, he has helped develop retail strip centers, condominiums, apartment buildings, custom homes, office buildings, horizontal land development, and mixed-use projects. Paul has also worked as a General Contractor building major governmental projects, including colleges, schools, police departments, jailhouses, community centers, and hospitals. Now, as a construction lender, Paul’s past work as a developer and general contractor enables him to work as a team with the borrower and the contractor to successfully execute each project.

License Information
CalDRE - 01087960

Larry Perry

Vice President Loan Originations

Completed Transactions

Seattle Mortgage Broker

"Working with Parkview has been an absolute pleasure. Once a LOI has been signed by a client and the deposit submitted, the team at Parkview has been quick to provide a checklist of items needed, review the materials and provide quick feedback. Their construction department is well rehearsed in construction projects and truly understand the process and the costs. Their underwriting department has experienced underwriters that understand real estate and private loan industry. I have closed 3 loans with Parkview in the past 2 years and each time the process has been flawless."

Marc Z.

Seattle, Washington

Bay Area Real Estate Developer

"We have been working with Parkview for over 5 years now. During the closing of our first loan, we thought we would use this private lender for that one particular deal. With their amazing “boutique-style” service and their extensive construction experience, we have found ourselves closing more and more loans with Parkview – closing 6 loans for a total of $120MM in the past 5 years. Their team is amazing!"

David M.

Oakland, California

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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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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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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how will the loan be paid off?

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