100% Purchase Price Financing & No Monthly Payments for Fix and Flips

LTV: Up to 75% of ARV (or 100% of Purchase Price, whichever is less)

 

Property Geographic Area Details

San Diego County, Orange County, Los Angeles County

Loan Amounts

$100,000 to $650,000

Interest Rates

12% to 12%

Max Loan-To-Value

100.00%

Max Loan-To-Cost

100.00%

Origination Fees

4% to 4%

Loan Terms

3 months to 12 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Value Add Project

Property Occupancy

  • Vacant

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Condominium
  • Single Family Residence

Loan Types

  • Hard Money
  • Residential Fix and Flip

Purchase Loan

Max Loan-To-Purchase Price

100.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Family

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • No Monthly Payments Required

Payment Structure Details

Pay points and processing upfront when acquire the property and principal and interest when you sell it after fixed up.

Pre Payment Penalty

yes

3 month min interest

Will lend to a foreign national

no

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation

Documentation Required

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

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

400

Credit Check Description

No min credit score. Will just need a letter of explanation for anything on credit report.

Appraisal Required for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Residential Property

Always

Fees

Site Visit Fee

$350.00 to $0

Drive by BPO ordered

Processing Fee

$650 processing fee due at COE

Fees which are mandatory for all new borrower clients

  • Credit Report Fee
  • Other Fee

Fees which are charged upfront prior to loan closing

  • Credit Report Fee
  • Other Fee

Fees which are paid to a third party company

  • Documents Fee
  • Settlement Fee
  • Escrow Fee

SD Equity Partners is a small family company owned by Evan and Liila Harris of San Diego CA. Evan and Liila used to fix and flip properties themselves, but they decided to get into the financing side of the business once they had children. Unlike other hard money lenders, Evan and Liila know exactly what you’re going through since they’ve gone through it themselves.

Using their experience in the flipping industry, they’ve designed a loan program where the acquisition of the property is funded 100%. This frees up the funds a person would normally have to front as a down payment to be used for rehabbing the property instead. This eliminates all Fund Control, allowing the rehabber to pay off subs as needed and move quickly through their flips.

We promise to move quickly so that you may never miss out on a deal. We promise to act with integrity and be open and honest with you at every step of the transaction. We promise to treat all of our clients the same: with respect and transparency.

We work in San Diego, Orange, and LA counties. We’ve recently started working in the Phoenix, Arizona market as well.

License

CA DRE #01887639, NMLS #341696

Year Established

2010

Office Locations

1611 A. S. Melrose Drive #367, Vista, California 92081

Primary Capital Source

  • Individual Investors

Alternative Capital Sources

  • Own Funds
  • Friends & Family

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Residential Property

100%

Percentage of Residential Property Loans Which are Fix and Flip

100%

Total Number of Loans Funded to Date

275

Total Loan Volume Funded to Date

$100,000,000

2017 Number of Loans Funded

45

2017 Loan Volume Funded

$17,000,000

Jennie Sullivan

VP of Operations

Jennie Sullivan of SD Equity brings with her over ten years of experience as a real estate agent. We think you will enjoy working with Jennie on new and current projects due to her detail-oriented, proactive and communicative approach. Armed with a strong knowledge of real estate transaction requirements and a bachelor's degree in Political Science from the University of California Santa Barbara, Jennie will coordinate the daily success of SD Equity's many projects.

License Information
CA DRE - 01825678

Holly Mack

VP of Business Development

Holly Mack is the VP of Business Development for SD Equity Partners. Holly is passionate about making loans happen and helping you achieve your goals. She understands that communication, speed and honesty are key ingredients in real estate loans. Give her a call today and let her help you with those fix and flip loans that need 100% purchase price financing.

Completed Transactions

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.)

$
$
$
$
$
$
$

Requested loan amount divided by the purchase price + rehab/construction costs

%

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

$
%
$
$
%

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

$
$
$
$
$
$
$

Requested loan amount divided by the purchase price + rehab/construction costs

%

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.

Image
1
Add
1
acres

Add links to photos here.

Photo Link
1
Add
Add

Add links to documents, photos, etc.

Attachment Link
1
Add