Property Geographic Area Details
Idaho, Arizona, Colorado, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming
Loan Amounts
$50,000 to $2,500,000
Interest Rates
7% to 13%
Loan Terms
6 months to 36 months
Origination Fees
1% to 5%
Lien Position
1st, 2nd
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%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Property Types

  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Car Wash
  • Child Day Care
  • Club
  • Commercial Condominium
  • Commercial Land
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Hospital
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • RV Park
  • Ranch
  • Recreational
  • Retail
  • Senior Housing
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Timberland
  • Vehicle Parking
  • Winery

Loan Types

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out

Junior Lien Loan Amounts

$50,000 to $1,000,000

Junior Lien Interest Rates

10% to 14%

Junior Lien Loan-to-Value

85%

Junior Lien Loan-to-Cost

85%

Junior Lien Origination Fees

3% to 5%

We Fund Junior Position Loans

Rarely

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
On a combined basis (CLTV), total new/existing debt must be less than 85% of the market value of the collateral

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Agricultural Land
  • Special Purpose Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

70%

Max LTC for Land Acquisition

70%

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
On a combined basis (CLTV), total new/existing debt must be less than 85% of the market value of the collateral

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Seller Financing

Documents Fee

$575

Title Fee

Actual Cost of Lender's Title Policy

Extension Fee

Varies based on extension terms.

Minimum Origination Fee Amount

$1,500

Fees which are mandatory for all new borrower clients

  • Deposit
  • Documents Fee
  • Title Fee

Fees which are paid to a third party company

  • Title Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

4

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

no

Will lend to a foreign national

no

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
  • Corporation
  • Non-Profit Corporation
Documentation Required
  • Tax Returns
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

Appraisal Required for Commercial Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Legal Disclaimer

All loan term sheets issued are for discussion purposes only.

Get In Touch

Payette Financial Services, LLC pays us to be listed, so there is no fee to connect with them directly. Share your loan request, send a simple email, call, or visit their website.

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Payette Financial Services was formed by two Idaho based professionals who have extensive experience operating, growing and managing commercial lending institutions. Matthew Moore and Craig Christensen established Payette Financial Services as a direct private money commercial real estate lending firm specializing in financing difficult transactions that conventional lenders avoid.  We offer funds to borrowers in Idaho, Arizona, Colorado, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming (and other states on a case by case basis) in need of immediate capital. We can provide money in as little a 10 days and will lend against almost any type of commercial property including: undeveloped and developed land parcels, commercial, industrial, retail, mixed-use, warehouse, self-storage, shopping centers, hotels, office and multifamily (must be five or more units). We do not make residential home loans.

Payette Financial Services’s Loan Terms are flexible and tailored to each borrower’s specific situation. We offer loans as small as $50,000 up to $2,500,000. Our interest rates and loan terms are competitive. We work directly with our borrowers to tailor our loan to their needs. Poor credit is no problem. Our loan underwriting is based on the collateral pledged as security for the loan, not your credit score. See our on-line application to obtain a free quote.

Brokers: We cooperate with brokers and will protect your commission. If you have a borrower that doesn’t qualify for a conventional loan, but has real estate collateral to secure a loan, please call us to see how we can meet your client’s needs.

Company Size (Number of Employees)

10

Year Established

2005

Office Locations

Payette Financial Services, LLC
202 N. 9th Street, Suite 300, Boise, Idaho 83702

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Bank Credit Line
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

100%

Total Number of Loans Funded to Date

425

Total Loan Volume Funded to Date

$90,000,000

Our Team

D. Craig Christensen

Principal

Matthew T. Moore

Principal

Get In Touch

Payette Financial Services, LLC 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

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$50,000

Send an email to Payette Financial Services, LLC