Purchase, Refinance, Equity Cash Out Loans for California Real Estate

  • Line of Credit option available
  • 1st or 2nd Lien Position
  • Residential and Commercial Property
  • Owner-Occupied Homes OK if loan for business purpose

Stonecrest Financial, founded 30 years ago, is a private money mortgage fund located in Silicon Valley. We offer short-term private money financing to real estate investors throughout California . We have underwriting committee meetings every evening and will be able to give you a quick answer on your loan request. We underwrite to combined loan-to-value, story and exit strategy. We are the direct decision maker for our funds, and we can close in as quickly as one week.

Loan Amounts

$100,000 to $5,000,000

Interest Rates

7.99% to 10.99%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

75.00%

Origination Fees

1.5% to 3%

Loan Terms

3 months to 36 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
  • Business Working Capital
  • Value Add Project
  • Primary Residence Purchase

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial
  • Owner Occupied Residential

Property Geographic Area Details

Most counties in California except rural areas.

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Auto Dealership
  • Auto Repair
  • Child Day Care
  • Commercial Condominium
  • Community Center
  • Condominium
  • Gym
  • Healthcare
  • Hotel
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Religious Facility
  • Retail
  • Single Family Residence
  • Storage Facility
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Owner-Occupied

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Reverse 1031 Exchange
  • Partner Buyout
  • Bankruptcy Resolution
  • Line of Credit Single Property
  • Line of Credit Portfolio of Properties
  • Commercial Permanent Financing
  • Primary Residence Bridge
  • Primary Residence Business Purpose Cash Out

Junior Liens

Junior Lien Loan Amounts

$100,000.00 to $3,000,000.00

Junior Lien Interest Rates

9.99% to 10.99%

Junior Lien Loan-to-Value

65.00%

Junior Lien Loan-to-Cost

0%

Junior Lien Origination Fees

2.00% to 4.00%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Refinance
  • Equity Cash Out
We can offer a 2nd position loan as a standard equity cash out or a line of credit.

Purchase Loan

Max Loan-To-Purchase Price

65.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Equity in Primary Residence

Details and Requirements

Typical Closing Time (Days)

15

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve
  • No Monthly Payments Required

Payment Structure Details

Most loans are Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

yes

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

yes

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

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Appraisal Fee

Paid to third party

Environmental Report Fee

If applicable, paid to third party

Minimum Origination Fee Amount

$5,000

Fees which are mandatory for all new borrower clients

  • Appraisal Fee

Additional Details

For loans which include multiple properties, we may not require an appraisal on every single property.

Stonecrest Financial Inc. is a private mortgage lending company located in San Jose, California which was established in 1986. Our mission is to satisfy our clients’ real estate financing needs in the most timely, responsible, creative, competitive, and professional manner. We accomplish this by hiring skilled employees with significant industry knowledge and supporting them in staying at the top of their field. We stay informed of all financing options available in the marketplace and assessing the advantages and disadvantages of every option as it pertains to each client. We are committed to excellence in customer service. We believe in building relationships that go beyond the business transaction, moving into great friendships. We can work hard, produce outstanding results and have fun at the same time. This greatly contributes to an overall positive experience for our clients.

Stonecrest Line of Credit Private Loan Program

Stonecrest is one of the few private lending companies in California offering a private money line of credit. Our line of credit loans can be secured by a 1st or 2nd trust deed up to 65% LTV. The property can be owner-occupied if the funds will be used for the homeowner’s business. We can even cross-collateralize with multiple property types. A line of credit is a flexible loan, made to an individual or business, secured by real estate. Since you only pay interest on principal drawn when needed, your effective interest rate for our loan is substantially lower than a typical private hard money loan. Instead, you would have access to a predetermined amount of funds that you can use when and how you wish. You’d access the funds as you need them, repay immediately or over a specified period of time, and only pay interest on what you use.

License

CA DRE Lic. 01050197, NMLS ID 141656

Company Size (Number of Employees)

50

Established

1986

Associations

  • California Mortgage Association - Member

Office Locations

4300 Stevens Creek Boulevard, Suite 275, San Jose, California, 95129

Primary Capital Source

  • Debt Fund We Manage

Alternative Capital Sources

  • Individual Investors

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • One Investor One Loan

Percentage of company’s lending business focused on private mortgage

80%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Residential Mortgage Brokerage

Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Percentage of Residential Property Loans Which are Fix and Flip

0%

Percentage of Residential Property Loans Which are Buy and Hold

0%

Percentage of Residential Property Loans Which are Owner-Occupied

20%

Percentage of Loans Secured by Land

0%

Percentage of Loans Secured by a Business (not real estate)

0%

Percentage of Commercial Property Loans Which are Ground-Up Construction

0%

Percentage of Residential Property Loans Which are Ground-Up Construction

0%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

0%

Todd Feldman

Investor Relations & Loans

Todd has been in the lending industry since 1989. He has worked in a variety of capacities beginning as an appraiser in southern California in the late 80’s and progressing into roles of loan officer, branch manager, regional manager, VP, National Sales Manager and ultimately founding and running his own multi branch mortgage bank for over ten years before temporarily retiring in 2009. Todd has been back in the business with Stonecrest Financial since 2011 and has been integral in growing their private money “Secured Income Fund” from a few million to over $100 million in loans today.

License Information
CA DRE - 01084938
NMLS ID - 243847

Shafiq Taymuree

Executive Vice President

Shafiq is Executive Vice President of Stonecrest Financial. Shafiq has senior-level experience in lending, asset management and underwriting, and has been with Stonecrest since 1998. He attended California State University, Hayward (now Cal State East Bay), where he majored in finance.

License Information
CA DRE - 01220811
NMLS - 247846

Todd is the best ever!

Susanne W

Campbell

I have worked with Todd now on numerous refi’s. He is fabulous. So much so that I always tell my friends about him. Several have used him and thanked me for the referral. We all agree he is the best ever!

A pleasure to work with.

Michael & Ursula C

San Jose

We have worked with Todd previously. He is great, provides you with an honest opinion, follow up and keeps on top of things. A pleasure to work with.

Helped make a sometimes confusing process clear and easy.

Stanley & Lani P

Redwood City

Todd helped make a sometimes confusing process clear and easy. We appreciated his attention to detail, his patience, availability, and friendliness.

Great mortgage broker.

Timothy C

Santa Clara

Todd is a great mortgage broker and extremely helpful! I’ve utilized his services 5 or 6 times and will continue to do so as long as he is doing loans.

Changed my mind about Private Loans.

Khosrow Onbirack

San Jose

It was an unbelievably great experience dealing with Stonecrest and Tod . I totally changed my mind about private loans.

Scott Doruff

Private Mortgage Advisors

I've worked with Doris and Stonecrest for about 5 years on a number of purchase transactions that require Bridge Loan financing. They are the BEST at what they do-offering solutions for home buyers to use their equity to make non-contingent offers to get into contract on a new home before having t sell their current home. Doris ensures that the loans close in 21 days if needed, and the team at Stonecrest makes the entire transaction as seamless as possible. I highly recommend their products an services that also include commercial financing and investor equity line of credit.

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.)

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

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

$
$
$
$
$
$
$
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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

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