National Private Lender Offering Real Estate Investors Fast and Reliable Financing for Investment Property.

Patch delivers fast, honest, simple lending for real estate investors. Stop being treated like a transaction. Start being treated like a person. We make it possible to get funding for projects that might otherwise be overlooked by traditional funding sources. Whether it’s your first, fifth, or fiftieth investment property, you’ll love the Patch difference. Patch has five loan categories that make it easy to find the product and terms that fit your goals:

  • Fix & Flip Loans
  • Single Family Bridge Loans
  • Multi-Family Bridge Loans
  • Long-Term Rental Loans
  • Ground-Up Construction Loans

Please note: We do NOT offer loans for raw land, specialty properties, or owner-occupied homes.

Property Geographic Area Details
Nationwide except 5 states: ID, MN, NV, SD, UT.
Loan Amounts
$100,000 to $3,000,000
Interest Rates
6.0% to 9.0%
Loan Terms
12 months to 360 months
Origination Fees
1% to 4%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Max LTP Commercial: 75%
Max LTP Land: 70%
Purchase Long-Term
Max LTP Residential: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 80%
Max LTV 1st Lien Multifamily: 80%
Max LTV 1st Lien Commercial: 75%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 70%
Refinance Long-Term
Max LTV Residential: 80%
Residential Fix & Flip
Max LTP: 80%
Max LTC: 90%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 85%
Max LTC: 90%
Max LTARV: 80%
Multifamily Value-Add
Max LTP: 85%
Max LTC: 90%
Max LTARV: 80%
Commercial Value-Add
Max LTP: 75%
Max LTC: 80%
Max LTARV: 70%
Residential Construction
Max LTP Land: 70%
Max LTC: 85%
Max LTCV: 75%
Multifamily Construction
Max LTP Land: 70%
Max LTC: 85%
Max LTCV: 75%

Fix & Flip Loans

Fund Your Next Flip. It’s Easy With Patch.

  • Loans available on single-family residences, 2 to 4 units, multi-family (5+ units), and mixed-use (min. 50% residential) properties
  • Interest only on funds disbursed
  • Rates from 6.99%
  • Up to 90% LTC
  • Up to 100% of rehab budget
  • Loans from $150,000 to $3,000,000+
  • Low 650 minimum FICO
  • No income verification
  • 12 to 24 month loan term with no prepayment penalty

Ground-Up Construction Loans

Get Reliable Financing for Your Ground-Up Construction Property.

  • Available on single-family residences, 2 to 4 units, multi-family (5+ units), and mixed-use (min. 50% residential) properties
  • Rates from 6.99%
  • Up to 85% LTC
  • Loans from $150,000 to $3,000,000+
  • Low 650 minimum FICO
  • No income verification
  • 12 to 24 month loan term with no prepayment penalty

Single-Family Bridge Loans

Get Short-Term Financing for Single-Family Residential Investment Properties.

  • Available on single-family residences
  • Rates from 6.99%
  • Up to 90% LTC
  • Loans from $150,000 to $3,000,000+
  • Low 650 minimum FICO
  • No income verification
  • 12 to 24 month loan term

Multi-Family Bridge loans

Get Short-Term Multi-Family Financing That Works for You.

  • Available on 2 to 4 units, multi-family (5+ units), and mixed-use (min. 50% residential) properties
  • Rates from 6.99%
  • Up to 90% LTC
  • Loans from $150,000 to $3,000,000+
  • Low 650 minimum FICO
  • No income verification
  • 12 to 24 month loan term

Long-Term Rental Loans

Get Single Property and Portfolio Rental Loans at Competitive Rates

  • Available for rental properties, including short-term VRBO and Airbnb
  • 30-year loan term (with 5-year interest only option)
  • Competitive rates
  • Up to 80% LTV
  • Loans from $100,000 to $3,000,000+
  • Portfolios up to $3,000,000
  • Low 650 minimum FICO

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mixed-Use
  • Multifamily
  • Single Family Residence

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

  • Land Development
  • Residential Long-Term Rental
  • Residential Short-Term Rental
  • Vacation Rental
Borrower must have at least 15% cash down payment for the purchase of a property that needs to be rehabbed. For loans that don't include a rehab budget, the minimum down payment is 20%.

Max Loan-to-Purchase Price

85%

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 Another Investment Property
  • Family
Loans from $150,000 to $3,000,000+, 650 minimum FICO, No income verification, 12 to 24 month loan term with no prepayment penalty

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%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

5

Maximum After Repair Value

75.00%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

2

Max LTC for Ground-Up Construction Costs

85%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Minimum Loan Amount

$3,000,000

Maximum Loan Amount

$100,000

Minimum Interest Rate

6%

Maximum Interest Rate

7.5%

Minimum Origination Fee

1%

Maximum Origination Fee

5%

Minimum Loan Term

360 months

Maximum Loan Term

360 months

Seasoning Time

6 months

Minimum Debt Service Coverage Ratio

0.80

Will Lend on a Portfolio of Rentals

Yes

Minimum Number of Properties

2

Maximum Number of Properties

10

Minimum Property Value

$100,000

Maximum Property Value

$3,000,000

Underwriting Fee

$600

Documents Fee

$500

Appraisal Fee

$599 Appraisal Deposit Fee, additional paid at closing.

Renovation Construction Draw Fee

$300

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Documents Fee
  • Appraisal Fee
  • Renovation or Construction Funds Draw Fee

Fees which are paid to a third party company

  • Title Fee
  • Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

21

Fastest Closing Time (Days)

7

Payment Structure
  • Interest Only
  • Amortized
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

yes

Will Consider Equity Joint Venture

yes

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

620

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Get In Touch

Patch Lending 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.

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Patch Lending (formerly known as Patch of Land) has a legacy as an innovative, progressive Fintech company that was founded on the premise that the JOBS Act of 2012 would create dynamic new opportunities for businesses and ordinary Americans. A start-up created in 2013 with a simple mission to help build wealth and grow communities; Patch was obsessed with challenging the status quo and democratizing access to one of this country’s greatest asset classes. As one of the first real estate Crowdfunding platforms established in the U.S., Patch was intent on making it possible for ordinary Americans to invest in real estate in ways that had previously been limited to only very high-net worth investors.

Patch was founded on vision, foresight, and a little bit of luck. We started out in the early days of the housing recovery, which proved to be a textbook example of being in the right place at the right time. It was the perfect environment for launching a company aimed at empowering real estate investors with the technology, resources, service, and a variety of lending options.

Since then, we’ve helped fund thousands of properties. We like to think we’ve leveled the playing field by helping real estate investors access one of America’s greatest asset classes. And while we’ve grown along the way, we’ve kept our basic approach the same: fast, friendly—and simple(r).

OUR MISSION
Our mission is to leverage technology to replace slow, inefficient real estate lending with easy, fast and transparent funding that is open to a broader range of investors and projects — specifically those looking for a simple(r) financing solution.

LEARN MORE

License

CFL #60DBO-45420, Oregon ML #5384, NMLS ID 1286539

Company Size (Number of Employees)

62

Year Established

2013

Associations

  • National Private Lenders Association
  • American Association of Private Lenders

Office Locations

15000 Ventura Blvd. Suite 300, Sherman Oaks, California 91403

Primary Capital Source
  • Own Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet

Our Team

Glenn Tatham

Chief Executive Officer

Gina Donatoni

Chief Operations Officer

Robert Greenberg

Chief Technology and Marketing Officer

Michael Ray

SVP of Asset Management

Steven Weinstock

SVP of Loan Production

Chelsea Strong

Senior Salesforce Administrator

Jay Swinson

Corporate Trainer

Nick Oliver-Ronceros

Appraisal Manager

Shawndie Erickson

HR Manager

Get In Touch

Patch Lending 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

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact Patch Lending by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Residential & Multifamily Bridge Loans
  • Rehab Fix & Flip, or Fix & Hold
  • Ground-Up Construction Loans
  • Long-Term Rental Loans
  • Loans for Vacation Rentals

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Land Loans
  • NO Rural Properties
  • NO Mobile Homes

Send an email to Patch Lending