Direct Private Money Lender for California Real Estate

Redwood Mortgage is a direct portfolio lender with over 40 years of experience making loans on commercial, multi-family, mixed-use and residential investment properties in California. Redwood Mortgage has the knowledge, expertise and financial strength to underwrite complex loan structures.

The Redwood Program:

  • Loans $200,000 to $7,500,000
  • Single level of decision-making
  • Expertise in commercial loan transactions
  • In-house document production and funding

Underwriting Philosophy

Our underwriting philosophy is one of simple common sense. We review the borrower’s financial situation, as well at the property’s quality and equity. More importantly, we listen to the story behind the loan. People come to Redwood from different economic backgrounds and with many different goals. We put together all of the pieces of the puzzle and try to come up with a solution that will work for everyone involved.

Property Geographic Area Details

Major Metropolitan areas in California

Loan Amounts

$200,000 to $7,500,000

Interest Rates

7.25% to 10.0%

Max Loan-To-Value


Max Loan-To-Cost


Origination Fees

2% to 5%

Loan Terms

6 months to 180 months

Lien Position

  • 1st
  • 2nd

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Auto Repair
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Commercial Long-Term

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Reverse 1031 Exchange
  • Primary Residence Business Purpose Cash Out

Junior Liens

Junior Lien Loan Amounts

$200,000 to $4,999,999

Junior Lien Interest Rates

8.9% to 11.0%

Junior Lien Loan-to-Value


Junior Lien Loan-to-Cost


Junior Lien Origination Fees

3% to 5%

We Fund Junior Position Loans


Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
We only offer 2nd mortgages on residential investment properties. At this time we are NOT offering 2nd's on commercial real estate or owner-occupied homes. 1.5/1 Ratio, LTV/CLTV to 65%.

Land Loan

Land Types Considered

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

Will Consider Land That is NOT Entitled


Existing Land Improvements Required

  • Street Access
  • Electricity
  • Water

Max LTV for Land


Max LTC for Land Acquisition


Purchase Loan

Max Loan-To-Purchase Price


Borrower Must Have Property Under Contract


Will Provide Proof of Funds Letter


Will Consider Lending on Purchase from Auction


Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

Details and Requirements

Typical Closing Time (Days)


Fastest Closing Time (Days)


Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized

Payment Structure Details

Residential investment 1-4 unit properties are amortized over 30 years (ie. 30/1 or 30/3, etc.) Commercial, Multi-family can be interest only or amortizing.

Pre Payment Penalty


Will lend to a foreign national


Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage


Will Consider Collateralizing Multiple Properties in One Loan


Will Consider Equity Joint Venture


Borrower Entity Types Considered

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

Documentation Required

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

Personal Guaranty (Recourse) Required


Credit Check Required


Appraisal Required for Residential Property


Appraisal Required for Commercial Property


Broker Price Opinion (BPO) Accepted for Residential Property


Broker Price Opinion (BPO) Accepted for Commercial Property



Deposit Required

$0 to $0

sometimes, on larger commercial transactions

Multi-Purpose Lender Fee

$0 to $0

Covers documentation, processing and underwriting.

Credit Report Fee

If we pull credit we will charge for it.

Appraisal Fee

Borrower pays the appraiser directly

Environmental Report Fee

When applicable for certain commercial properties

Fees which are mandatory for all new borrower clients

  • Multi-Purpose Lender Fee

Fees which are charged upfront prior to loan closing

  • Deposit

Fees which are paid to a third party company

  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Environmental Report Fee

Legal Disclaimer

This is not an advertisement to extend consumer credit as defined by section 1026.2, reg. Z. Rates, fees and terms are subject to change without notice.

Additional Details

For SFR investment properties, LTV to 75% on SFR Purchase with 25% cash down-payment approved by exception only. Rate and fee adders may be applicable on loan files with NOD, BK, Judgement, Low FICO. Commercial / Multi-family loans: LTV / CLTV to 65% (M/F up to 70%). C credit rate and fee adder applicable. Seconds; call for pricing. Streamlined loans (Low Documentation, no tax returns) for tenanted properties; SFR 1-4, small multi-family, Mixed-use, Office, Retail, Industrial/Warehouse and Commercial condos. This program is for income producing properties only. (No O/O or consumer loans.) 60% max LTV/CLTV. and up to $2,000,000 in First position and Seconds: $3,000,000 max total debt. 60/40 split. (1st/2nd).

Redwood Mortgage is a Direct Portfolio Lender with over 40 years of experience, lending on residential investment, commercial, mixed-use and multi-family properties in California (CRE and Business purpose loans). Redwood Mortgage has arranged over $2 billion in loans. Redwood Mortgage provides tailor-made private money solutions and differentiates itself from traditional lenders with its single level of decision-making, and its long-held expertise in commercial loan transactions.


CA DRE Lic. 00619104, NMLS ID 232587

Year Established



  • California Mortgage Association

Office Locations

177 Bovet Road, Suite 520, San Mateo, California 94402

Primary Capital Source

  • Own Funds
  • Debt Fund We Manage

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage


Percentage of Loans Secured by Commercial Property


Percentage of Loans Secured by Residential Property


Percentage of Residential Property Loans Which are Owner-Occupied


Percentage of Loans Secured by Land


Total Loan Volume Funded to Date


2017 Number of Loans Funded


2017 Loan Volume Funded


Steve Belleville

Director Sales and Marketing


Steve Belleville, is Director of Sales and Marketing at Redwood Mortgage (2015 – present). Mr. Belleville oversees originations of commercial loans, multi-family loans and residential investment property loans. Prior to working at Redwood Mortgage, Mr. Belleville was a senior manager at a fund management company, served as VP of commercial lending and branch manager for a Bay Area mortgage banking company covering three offices. Prior to his employment in the mortgage banking industry Mr. Belleville worked in the computer electronics industry for 18 years and last held the position of General Manager of a $200M business unit for a fortune 500 company. Steve Belleville serves on the Board of Directors for the California Mortgage Association. Mr. Belleville holds a Bachelor of Arts degree in Economics from UCLA and an MBA from Santa Clara University.

License Information
CA DRE Lic. - 01390581
NMLS ID - 1464614

Completed Transactions

Redwood Mortgage

Private Loan Funding
San Jose, CA
Industrial, Office


Redwood Mortgage

Private Loan Funding
Santa Ana, CA

Equity Cash Out

Redwood Mortgage

Private Loan Funding
Los Angeles, CA


Redwood Mortgage

Private Loan Funding
Santa Rosa, CA


Redwood Mortgage

Private Loan Funding
San Francisco, CA


Redwood Mortgage

Private Loan Funding
San Francisco, CA


Redwood Mortgage

Private Loan Funding
Los Angeles, CA
Single Family Residence


Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.


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?


Add links to photos here.


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