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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.
- 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
7.75% to 9.99%
Max Loan-To-Value
60%
Max Loan-To-Cost
60%
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
- Business Working Capital
- Value Add Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Tenant Occupied Partial
- Owner Occupied Commercial
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
- Commercial Condominium
- Commercial Land
- Condominium
- Gym
- Healthcare
- Hotel
- Industrial
- Mixed-Use
- Motel
- Multifamily
- Office
- Parking Lot
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- Residential Land
- Retail
- Senior Housing
- Single Family Residence
- Storage Facility
- Student Housing
Loan Types
- Private Money
- Hard Money
- Commercial Bridge
- Residential Bridge
Specialty Loan Types
- Partner Buyout
- Foreclosure Bailout
Land Loan
Land Types Considered
- Residential Land
- Multifamily Land
- Industrial Land
- Office Land
- Retail Land
Will Consider Land That is NOT Entitled
noMax LTV for Land
25%Max LTC for Land Acquisition
0%Purchase Loan
Max Loan-To-Purchase Price
60%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Seller Financing
- Family
Details and Requirements
Typical Closing Time (Days)
7Fastest Closing Time (Days)
2Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Payment Structure Details
All loans are Interest OnlyPre Payment Penalty
no
Will lend to a foreign national
yes
Must have US bank accountWill Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
- Non-Profit Corporation
Documentation Required
- Loan Application
Personal Guaranty (Recourse) Required
SometimesCredit Check Required
noAppraisal Required for Residential Property
NeverAppraisal Required for Commercial Property
NeverBroker Price Opinion (BPO) Accepted for Residential Property
NeverBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
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 91302Primary 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
Loan Origination
CA DRE Broker Lic. - 01913368
Completed Transactions
Private Mortgage Fund, LLC
Garden Grove, CA
$1,100,000
Refinance
Private Mortgage Fund, LLC
San Francisco, CA
$4,080,000
Refinance
Private Mortgage Fund, LLC
Tiburon, CA
$6,100,000
Refinance
Private Mortgage Fund, LLC
La Canada, CA
$4,000,000
Equity Cash Out
Private Mortgage Fund, LLC
Redondo Beach, CA
$950,000
Refinance
Private Mortgage Fund, LLC
Glendale, CA
$7,100,000
Refinance
Private Mortgage Fund, LLC
Pasadena, CA
$810,000
Purchase
Private Mortgage Fund, LLC
Los Angeles, CA
$1,527,500
Purchase
Private Mortgage Fund, LLC
Colton, CA
$1,560,000
Purchase
Private Mortgage Fund, LLC
Los Angeles, CA
$3,000,000
Purchase
Private Mortgage Fund, LLC
San Diego, CA
$3,900,000
Purchase
Private Mortgage Fund, LLC
Perris, CA
$3,000,000
Refinance
Private Mortgage Fund, LLC
Los Angeles, CA
$770,000
Purchase
Private Mortgage Fund, LLC
Pasadena, CA
$1,200,000
Purchase
Private Mortgage Fund, LLC
Fremont, CA
$7,500,000
Refinance
Private Mortgage Fund, LLC
Pasadena, CA
$3,540,000
Purchase
Private Mortgage Fund, LLC
Fair Oaks, CA
$2,526,000
Refinance
Private Mortgage Fund, LLC
Los Angeles, CA
$230,000
Refinance
Private Mortgage Fund, LLC
Los Angeles, CA
$2,800,000
Refinance