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Loan Amounts

$500,000 to $5,000,000

Interest Rates

9% to 13%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

90.00%

Origination Fees

2% to 4%

Loan Terms

12 months to 36 months

Lien Position

  • 1st

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 Partial
  • Owner Occupied Commercial
Minimum Occupancy Percentage

0%

Property Geographic Area Details

California only

Property Types and Loan Types

Collateral Types

  • Commercial Property

Property Types

  • Agricultural
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Industrial

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Cannabis Use Properties

Agribusiness Loan

Agribusiness Types

  • Cannabis

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

Purchase Loan

Max Loan-To-Purchase Price

90.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

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

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

yes

3 months minimum yield

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

yes

Must speak with equity partners and get signed copy of terms and see proof of funds prior to closing.

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

500

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Inspection Fee

Legal Disclaimer

All terms are subject to change at any time for any reason. Pelorus Equity Group operates under the Department of Business Overisght license 60DBO 79155, California Department of Real Estate Corporate Broker’s license 01883368 and National Mortgage Licensing System and Registry license 378840.

There’s the traditional. It’s comfortable. It’s familiar. But too often it’s also slow and rigid. That’s especially true when it comes to real estate financing and investing. Traditional financing institutions operate under guidelines that make it impossible to move quickly or creatively.

We recognize at Pelorus Equity Group that there’s a need for an alternative. That includes more innovative transactional solutions that can address the diverse needs of real estate investors and portfolio managers. Our flexible acquisition and bridge lending programs are the direct result of our involvement in more than 4,700 transactions of varying size and complexity. Since 1991, our principals have participated in more than $1 billion of real estate investment transactions using both debt and equity solutions. We draw on our extensive experience to rapidly understand an opportunity, structure a logical solution and execute a timely close.

License

CFL #60DBO 79155, CalDRE #01883368, NMLS #378840

Established

2010

Associations

  • California Mortgage Association - Member

Office Locations

23461 South Pointe Drive, Suite 215, Laguna Hills, California, 92653

Primary Capital Source

  • Debt Fund We Manage

Alternative Capital Sources

  • Own Funds
  • Individual Investors
  • Family Offices

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet
  • Multiple Investor Fractionalized Note
  • Multiple Lender Participation
  • A/B Note Participation with Private Investor

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

25%

Percentage of Loans Secured by Residential Property

75%

Percentage of Residential Property Loans Which are Fix and Flip

50%

Percentage of Residential Property Loans Which are Buy and Hold

0%

Percentage of Residential Property Loans Which are Owner-Occupied

5%

Percentage of Loans Secured by Land

0%

Percentage of Loans Secured by a Business (not real estate)

0%

Percentage of Commercial Property Loans Which are Ground-Up Construction

0%

Percentage of Residential Property Loans Which are Ground-Up Construction

0%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

0%

Total Number of Loans Funded to Date

4700

Total Loan Volume Funded to Date

$1,000,000,000

Rob Sechrist

President

Rob is the co-founding President of Pelorus Equity Group and has more than 18 years of experience in the real estate finance industry. Since the formation of Pelorus in 2010, he has raised more than $175,000,000 in secured real estate transactions. Rob’s primary role at Pelorus Equity Group is the development of strategic alliances with both private and institutional investors, formation of equity partnerships, coordinating the company’s growth into new markets and as an underwriter of transactions. Rob also oversees the direction of the marketing programs to borrowers, brokers and investors. Today, Pelorus raises several million a month through the company’s investors and equity partnerships. Prior to joining the real estate industry, Rob was the founder and CEO of an international action sports manufacturing company. He has also managed medical product sales in Southern California as well as trained the sales reps nationally for an orthopedic manufacturer. Rob earned a BA from San Diego State University. Licenses include California Real Estate Broker’s License, NMLS License and designated expert witness as an asset based lender. He is also the CEO of JRS Capital USA, Inc. a real estate consulting firm based out of Newport Beach, California. Currently a member of Gen Next and a donor to the Gen Next Foundation. Rob is married and has a son.

License Information
CA DRE - 01261907

Dan Leimel

CEO

Mr. Leimel is the CEO of Pelorus Equity Group and the Managing Director of The Pelorus Fund. He has more than 28 years of extensive industry experience including operating, owning and managing several corporations, loan servicing entities and a real estate fund. Over his career, Mr. Leimel has successfully underwritten and closed thousands of real estate transactions by raising capital for both debt and equity. His vast transactional experience is invaluable when underwriting complicated scenarios and structuring solution based terms to satisfy a broad spectrum of situations. Mr. Leimel possesses deep experience in risk mitigation and has expertly navigated adverse client conditions while still maintaining a fully transparent and equitable upside for the investor. His primary investment philosophy is to focus on capital preservation and mitigating risk in every investment.

Rick Scatterday

Managing Director

Rick Scatterday is responsible for acquisitions and asset management, daily operations, as well as its entitlement, and disposition activities. Between 1997 to present, he completed transactions valued at over $375 million including residential, office, retail, R&D and industrial properties. As a development partner at Zion, Mr. Scatterday has over 15-years of experience in strategic management and ownership roles in the real estate, finance and insurance industries and as an advisory board member and consultant. Rick has extensive experience in the field of finance including real estate, trade finance and insurance. He holds several professional licenses including California Department of Real Estate Broker license and California Property and Casualty Insurance license and life insurance license. Mr. Scatterday graduated from California State University with a Bachelor of Arts degree in Finance. He has been interviewed by Nightly News with Tom Brokow for his capital markets strategies.

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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

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

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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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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?

acres

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