Property Geographic Area Details

California

Loan Amounts

$75,000 to $2,500,000

Interest Rates

9.5% to 11.25%

Max Loan-To-Value

75%

Max Loan-To-Cost

100%

Origination Fees

2% to 6%

Loan Terms

10 months to 56 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
  • Development Project

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
  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Bed and Breakfast
  • Car Wash
  • Child Day Care
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Equestrian
  • Event Center
  • Gym
  • Healthcare
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Place of Worship
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Religious Facility
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Vehicle Parking
  • Winery

Loan Types

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

Specialty Loan Types

  • Land Development
  • Condo Conversion
  • Residential Long-Term Rental
  • Partner Buyout
  • Commercial Permanent Financing
  • Primary Residence Business Purpose Cash Out
  • Subdivisions

Agribusiness Loan

Agribusiness Types

  • Cattle Ranch
  • Citrus Grove
  • Corn
  • Cotton
  • Dairy
  • Equestrian
  • Melons
  • Peach
  • Peanuts
  • Potatoes
  • Poultry
  • Row Crops
  • Swine
  • Tree Nuts
  • Vegetables

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

2

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

yes

Foreign nationals must have a TIN/taxpayer ID number.

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

no

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

  • Credit Report
  • Loan Application

Personal Guaranty (Recourse) Required

Never

Credit Check Required

no

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Processing Fee

Documents Fee

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Documents Fee
  • Legal Fee
  • Title Fee

Fees which are paid to a third party company

  • Title Fee

License

CA DRE Broker Lic. 00804375

Company Size (Number of Employees)

9

Year Established

1978

Associations

  • California Mortgage Association

Office Locations

3914 Murphy Canyon Road, Suite A250, San Diego, California 92123

Primary Capital Source

  • Own Funds
  • Individual Investors
  • Friends & Family

Loan Structure for Majority of Loans

  • One Investor One Loan
  • Multiple Investor Fractionalized Note
  • Multiple Lender Participation

Percentage of company’s lending business focused on private mortgage

96%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Residential Mortgage Brokerage
  • Commercial Real Estate Investing
  • Residential Real Estate Investing
  • Real Estate Development

Percentage of Loans Secured by Residential Property

65%

Percentage of Residential Property Loans Which are Buy and Hold

25%

Percentage of Loans Secured by Land

20%

Percentage of Commercial Property Loans Which are Ground-Up Construction

5%

Percentage of Residential Property Loans Which are Ground-Up Construction

75%

Terri Proffer

Associate Broker

License Information
CA Dept of Real Estate Broker's License - 01895947

Johanna Rivera

Loan Servicing Mgr & Senior Loan Officer

License Information
CA Dept of Real Estate Salesperson License - 01343578

Gina Salas

Broker

License Information
CA Dept of Real Estate Broker's License - 00943518