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%
Loan Terms
3 months to 12 months
Origination Fees
4% to 4%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Value Add Project
Property Occupancy
  • Vacant

Property Types

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

Loan Types

  • Hard Money
  • Residential Fix and Flip

Max Loan-to-Purchase Price

100%

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

Site Visit Fee

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 paid to a third party company

  • Documents Fee
  • Settlement Fee
  • Escrow Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

5

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

Get In Touch

SD Equity Partners pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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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
Total Number of Loans Funded to Date

275

Total Loan Volume Funded to Date

$100,000,000

Our Team

Jennie Sullivan

VP of Operations

CA DRE - 01825678

Holly Mack

VP of Business Development

Funded Deals

Get In Touch

SD Equity Partners pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$100,000

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