Family Office Direct Lender for Investment Properties in Southern California

We are a direct private money lender providing loans to real estate investors. We pride ourselves on being quick, easy to work with, and transparent. Our small team enables us to work fast and efficiently for our clients’ needs. All of our underwriting and servicing is completed in-house. We do not charge additional fees or hidden closing costs, nor do we charge rehab draw fees for rehab reserve funds. Brokers are always protected.

  • Lending in Southern California’s coastal markets – LA, OC, San Diego
  • Residential and Mutlifamily properties only
  • Bridge Loans for a property purchase or refinance
  • Rehab Loans up to 80% Loan-to-Cost
    • We may consider inexperienced investors who hire a general contractor
  • Ground-Up Construction Loans for shovel-ready projects
    • We do not participate in the land purchase
  • No appraisal is required prior to funding

Please Note: We do NOT offer loans for owner-occupied homes, land, or commercial real estate.

Property Geographic Area Details
California coastal markets
Loan Amounts
$150,000 to $3,000,000
Interest Rates
10.5% to 12%
Loan Terms
6 months to 18 months
Origination Fees
1% to 2%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Maximum Leverage

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

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mobile Home Park
  • Multifamily
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Multifamily Bridge
  • Multifamily Rehab
  • Multifamily Ground-Up Construction

Specialty Loan Types

  • Vacation Rental
20% cash required at closing

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Seller Financing
Borrower must contribute 20% of the total rehab budget, and draws are disbursed after receipts have been approved. Experience required for major rehab projects. We'll consider newbie investors for cosmetic or light rehab projects.

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

80%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

75%
We do not lend for land acquisition or development. The project must be shovel-ready.

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

80%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Multi-Purpose Lender Fee

Processing, Docs, Appraisal

Fees which are mandatory for all new borrower clients

  • Multi-Purpose Lender Fee

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

1

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

yes

2 months guaranteed 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
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Credit Check Description

No minimum credit score

Appraisal Required for Residential Property

Always After Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Contact PrideCo Loans Inc.

PrideCo Loans Inc. pays us to be listed, so there is no fee to connect with them directly.
(949) 357-9843 (949) 357-XXXX
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Send email Create a Loan Request

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PrideCo was established in 2006 and we began lending in real estate in 2009. We are a CFL licensed private lender and we lend our own money. Since our inception, we have continued to focus on key markets in California. We provide a private hard money lending platform for seasoned real estate investors. All of our loans are non-consumer, non-owner occupied.

SMALL TEAM, HIGH TOUCH, QUICK CLOSE

We work with other hard money lenders in California. We focus on major markets in Southern California and the San Francisco Bay Area with a few deals in Minnesota and Wisconsin.

Ultimately our focus stays with markets we know well and will perform well in up or down markets. Because we have offices in multiple locations it helps us keep a pulse on current market fluctuations and trends; as well as relationships with brokers and borrowers experienced in these locations.

License

CA DRE Broker Lic. 02085426, NMLS ID 1868706

Company Size (Number of Employees)

11

Year Established

2006

Associations

Office Locations

1200 Newport Center Drive Ste. 295, Newport Beach, California 92660

Primary Capital Source
  • Own Funds
  • Family Offices

Our Team

Huy Do

Managing Director

Gary Wallace

Head of Originations

CA DRE Broker Lic. - 02085426
NMLS ID - 1068706

Michelle O’Campo

Operations Coordinator

Michelle Horgan

Operations Manager/West Coast and Special Projects

Contact PrideCo Loans Inc.

PrideCo Loans Inc. pays us to be listed, so there is no fee to connect with them directly.
(949) 357-9843 (949) 357-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
SUBSCRIBE
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Contact This Lender

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(949) 357-9843 (949) 357-XXXX
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$150,000

What We Do

  • Direct Reliable Lending in Coastal Markets
  • Residential and Multifamily Properties
  • Bridge Loans, Rehab, Flip, Construction
  • LTC up to 80% of purchase, 80% of rehab
  • Appraisals Done AFTER Funding

Not Available

  • NO 100% Financing
  • NO 2nd Mortgages or Junior Liens
  • NO Owner-Occupied Homes
  • NO Commercial Properties
  • NO Land Loans

Send an email to PrideCo Loans Inc.