SFR, Multi-Fam, Commercial, Industrial
Up to 80% Loan to Cost
Rehab reserve up to 80% of budget
Average rate is 9% and 1-2 points + $750-$1250 processing fee
No appraisal is required prior to funding

Property Geographic Area Details
California
Loan Amounts
$150,000 to $10,000,000
Interest Rates
8.5% to 10%
Loan Terms
6 months to 18 months
Origination Fees
0.50% to 2%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
  • Business
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

Property Types

  • 2-4 Units Residential
  • Assisted Living Facility
  • Condominium
  • Cooperative
  • Golf Course
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Multifamily
  • Office
  • Single Family Residence
  • Storage Facility

Loan Types

  • Private Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
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.

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

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

Appraisal Required for Commercial Property

Always After Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Broker Price Opinion (BPO) Accepted for Commercial Property

Get In Touch

PrideCo 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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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.

Our small team enables us to work fast and efficiently for a wide range of real estate investors and their investment 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.

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

Office Locations

120 Newport Center Drive, 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

Brett Rogers

Head of Construction Lending

Christen Cook

Director of Operation

Michael Anderson

Operations and Secondary Market

Michelle O’Campo

Operations Coordinator

Michelle Horgan

Operations Manager/West Coast and Special Projects

Get In Touch

PrideCo 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
Before You Contact Us

Our Minimum Loan Amount Is

$150,000

What We Do

  • SFR, Condos, Multifamily, Office, Industrial
  • Bridge Loans, Rehab, Fix & Flip
  • LTV up to 70% for Bridge Loans
  • LTC up to 80% of purchase, 80% of rehab
  • Appraisals Done AFTER Funding

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Cannabis-Use Properties
  • NO Specialty Commercial Properties

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