Loading Additional Profile Sections...
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
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Family
Details and Requirements
Typical Closing Time (Days)
7Fastest Closing Time (Days)
5Works 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 interestWill lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
noWill 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
AlwaysCredit Check Required
yesMinimum Credit Score Required
400Credit Check Description
No min credit score. Will just need a letter of explanation for anything on credit report.Appraisal Required for Residential Property
NeverBroker Price Opinion (BPO) Accepted for Residential Property
AlwaysFees
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 92081Primary 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 InformationCA 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
SD Equity Partners
Los Angeles, CA
$705,000
Residential Fix and Flip
SD Equity Partners
Los Angeles, CA
$430,000
Residential Fix and Flip
SD Equity Partners
Escondido, CA
$388,000
Residential Fix and Flip
SD Equity Partners
Oceanside, CA
$435,000
Residential Fix and Flip
SD Equity Partners
San Diego, CA
$395,850
Residential Fix and Flip