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Private Mortgage Lender for California Real Estate Investors

Private Mortgage Fund is a direct California private lender specializing in closing quickly. We are able to lend on any commercial or residential real estate that is an investment property. We can fund in under a week. All loans are interest only, with no prepay penalty, and no appraisals. If you have a loan scenario you would like us to review you can email or call us for a quote. All quotes are given within an hour and LOI’s can be issued the same day. PMF looks forward to assisting with your next loan.

  • Same Day LOI
  • Fund in 5-7 days from signed LOI
  • No Pre-Payment Penalty
  • No Past Credit History Required
  • No Appraisals Needed
  • Will Lend to Foreign Investors
  • Will Lend to Corporations, LLC’s, Trusts
  • Brokers, Real Estate Agents, Portfolio Managers Welcome

 

Property Geographic Area Details

California Coastal Markets: LA, Orange County, San Diego, San Francisco Bay Area

Loan Amounts

$250,000 to $25,000,000

Interest Rates

7.25% to 9.99%

Max Loan-To-Value

65%

Max Loan-To-Cost

65%

Origination Fees

1% to 2.5%

Loan Terms

1 months to 24 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
  • Primary Residence Purchase

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial
  • Owner Occupied Residential
Minimum Occupancy Percentage

0%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Assisted Living Facility
  • Auto Dealership
  • Bed and Breakfast
  • Child Day Care
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Event Center
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Mixed-Use
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Ranch
  • Rehabilitation Facility
  • Residential Land
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing
  • Theater
  • Winery

Loan Types

  • Commercial Bridge

Specialty Loan Types

  • Reverse 1031 Exchange
  • Partner Buyout
  • Bankruptcy Resolution
  • Foreclosure Bailout

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

25%

Max LTC for Land Acquisition

0%

Purchase Loan

Max Loan-To-Purchase Price

65%

Borrower Must Have Property Under Contract

no

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
  • Family

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

2

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Payment Structure Details

All loans are Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

yes

Must have US bank account OO SFR in LLC

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
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

Appraisal Required for Residential Property

Never

Appraisal Required for Commercial Property

Never

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are charged upfront prior to loan closing

  • Deposit

Private Mortgage Fund LLC was formed in 2009 with the mission of providing fast and reliable debt to the real estate owner. Our loan programs offer flexibility of terms and a quick decision making process, regardless of how simple or complex the transaction may be. Unlike many other short term lenders, PMF funds its loans from cash on hand rather than syndicating loans to individuals or groups of investors. Our team of principals have over 75 years of combined experience in commercial and single family lending, brokerage, marketing and property management which enables us to understand transactions and act quickly. We are based in Calabasas, near Los Angeles, and we offer loans throughout California.

Private Mortgage Fund, LLC makes business-purpose loans pursuant to California Finance Lenders Law License #603H236.

License

CFL #603H236

Year Established

2009

Associations

  • California Mortgage Association

Office Locations

23586 Calabasas Road, Suite 100, Calabasas, California 91302

Primary Capital Source

  • Debt Fund We Manage

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Elliott Kimmel

VP of Loan Origination

BRE
License Information
CA DRE Broker Lic. - 01913368

Completed Transactions

Private Mortgage Fund, LLC

Private Loan Funding
Garden Grove, CA
$1,100,000
Retail

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
San Francisco, CA
$4,080,000
Office

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Tiburon, CA
$6,100,000
Single Family Residence

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
La Canada, CA
$4,000,000
Single Family Residence

Equity Cash Out

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Redondo Beach, CA
$950,000
Retail

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Glendale, CA
$7,100,000
Industrial

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Pasadena, CA
$810,000
Retail

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Los Angeles, CA
$1,527,500
Single Family Residence

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Colton, CA
$1,560,000
Industrial

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Los Angeles, CA
$3,000,000
Industrial

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
San Diego, CA
$3,900,000
Multifamily

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Perris, CA
$3,000,000
Industrial

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Los Angeles, CA
$770,000
Single Family Residence

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Pasadena, CA
$1,200,000
Retail, Industrial

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Fremont, CA
$7,500,000
Industrial

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Pasadena, CA
$3,540,000
Single Family Residence

Purchase

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Fair Oaks, CA
$2,526,000
Retail

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Los Angeles, CA
$230,000
Single Family Residence

Refinance

View Transaction

Private Mortgage Fund, LLC

Private Loan Funding
Los Angeles, CA
$2,800,000
Single Family Residence

Refinance

View Transaction

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

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

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

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$
%

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

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$

how will the loan be paid off?

acres

Add links to photos here.

1
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1
acres

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Add links to documents, photos, etc.

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