Stonecrest Financial
San Jose, California
CA DRE Lic. 01050197, CFL/DBO 60DBO-81799, NMLS ID 141656
408-326-0027
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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.
Property Geographic Area Details
Most counties in California except rural areas.
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 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
Purchase Loan
Max Loan-To-Purchase Price
65.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Equity in Primary Residence
Details and Requirements
Typical Closing Time (Days)
15Fastest Closing Time (Days)
5Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
- Interest Reserve
- No Monthly Payments Required
Payment Structure Details
Most loans are Interest OnlyPre Payment Penalty
no
Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill 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
SometimesCredit Check Required
yesAppraisal Required for Residential Property
Always Before FundingAppraisal Required for Commercial Property
Always Before FundingBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
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, CFL/DBO 60DBO-81799, NMLS ID 141656
Company Size (Number of Employees)
50
Year Established
1986
Associations
- California Mortgage Association - Member
Office Locations
4300 Stevens Creek Boulevard, Suite 275, San Jose, California 95129Primary 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 Owner-Occupied
20%
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 InformationCA 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 InformationCA DRE - 01220811
NMLS - 247846
Completed Transactions
Stonecrest Financial
Palo Alto, CA
$100,000
Equity Cash Out
Stonecrest Financial
Richmond, CA
$350,000
2nd Mortgage
Stonecrest Financial
Los Angeles, CA
$1,600,000
Equity Cash Out
Stonecrest Financial
San Francisco, CA
$2,100,000
Refinance
Stonecrest Financial
Los Gatos, CA
$3,402,750
Purchase
Stonecrest Financial
Palos Verdes Estates, CA
$500,000
2nd Mortgage
Stonecrest Financial
Fremont, CA
$500,000
2nd Mortgage
Stonecrest Financial
Los Gatos, CA
$1,000,000
Equity Cash Out
Stonecrest Financial
Oakland, CA
$250,000
2nd Mortgage
Stonecrest Financial
San Jose, CA
$1,025,000
Purchase
Stonecrest Financial
Palo Alto, CA
$820,000
2nd Mortgage
Stonecrest Financial
Encinitas, CA
$3,000,000
Refinance
Stonecrest Financial
Half Moon Bay, CA
$1,175,000
Purchase
Stonecrest Financial
Los Gatos, CA
$1,500,000
Purchase
Stonecrest Financial
Pacific Palisades, CA
$1,500,000
Purchase
Stonecrest Financial
Mountain View, CA
$900,000
Refinance
Stonecrest Financial
Fairfax, CA
$1,065,000
Purchase
Stonecrest Financial
Salinas, CA
$625,000
Purchase
Stonecrest Financial
Hayward, CA
$250,000
Refinance
Stonecrest Financial
San Francisco, CA
$600,000
Refinance
Stonecrest Financial
Palo Alto, CA
$820,000
Refinance
Todd is the best ever!
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!
Susanne W
Campbell
A pleasure to work with.
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.
Michael & Ursula C
San Jose
Helped make a sometimes confusing process clear and easy.
Todd helped make a sometimes confusing process clear and easy. We appreciated his attention to detail, his patience, availability, and friendliness.
Stanley & Lani P
Redwood City
Great mortgage broker.
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.
Timothy C
Santa Clara
Changed my mind about Private Loans.
It was an unbelievably great experience dealing with Stonecrest and Tod . I totally changed my mind about private loans.
Khosrow Onbirack
San Jose
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.