Direct Lender for Real Estate Investors Nationwide

Sunset Equity Funding is a nationwide direct private money and hard money lenders based in Los Angeles, CA. We offer competitive commercial financing programs for real estate investors. Loans range from $200K – $10M million in size and we are able to fund in 48 hours or less. We expedite the loan cycle, so you can continue to scale your business.

Property Geographic Area Details

Nationwide

Loan Amounts

$200,000 to $10,000,000

Interest Rates

7.49% to 12%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

90.00%

Origination Fees

2% to 5%

Loan Terms

3 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Improve Subject Property

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mixed-Use
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental

Purchase Loan

Max Loan-To-Purchase Price

90.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Family

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

3

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

70.00%

Typical Number of Days for Funds Draw

0

Construction Loan

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

85.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Residential Long-Term Rental

Minimum Loan Amount

$350,000

Maximum Loan Amount

$1,000,000

Minimum Interest Rate

5%

Maximum Interest Rate

6.5%

Minimum Origination Fee

1%

Maximum Origination Fee

5%

Maximum Loan Term

360 months

Maximum Loan-To-Value

75.00%

Maximum Loan-To-Purchase

75.00%

Minimum Debt Service Coverage Ratio

1.25

Will Lend on a Portfolio of Rentals

No

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

2

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

yes

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

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

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

Documentation Required

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

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

570

Appraisal Required for Residential Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Fees

Deposit Required

$2,380.00 to $2,380.00

Due Diligence Fee

$250.00 to $250.00

Underwriting Fee

$250.00 to $250.00

Processing Fee

Documents Fee

950.00

Legal Fee

900.00

Credit Report Fee

30.00

Appraisal Fee

To be paid by Client

Fees which are mandatory for all new borrower clients

  • Deposit
  • Due Diligence Fee
  • Underwriting Fee
  • Documents Fee
  • Credit Report Fee
  • Renovation or Construction Funds Draw Fee
  • Other Fee

Fees which are charged upfront prior to loan closing

  • Deposit
  • Underwriting Fee
  • Processing Fee
  • Documents Fee
  • Legal Fee
  • Credit Report Fee
  • Other Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Inspection Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee
  • Other Fee

Legal Disclaimer

Easy Financial, LLC. NMLS ID # 279264. 6125 Washington Blvd #300, Culver City, CA 90232; Arizona Mortgage Broker License #0950788; Oregon Mortgage Lending License Number ML-5474; CA Bur of Real Estate – Real Estate Broker Corporation License #01773208; California loans issued and made according to a California Finance Lenders Law License, # 603C725. Easy Financial, LLC sets priority to mortgage loans. In certain states, Easy Financial, LLC only lends to entities. Ioan amounts, rates and prices are subject to changes, no prior notice provided. All loans are up to borrowers' own decisions and underlying collateral Easy Financial, LLC 's existing underwriting principles. Other restrictions apply.

Rehab Programs

85% LTV/LTC Program (NO INTEREST ON REHAB HOLDBACK)

  • Up to 85% of the purchase price or 85% LTV
  • Up to 100% of the rehab cost as long as the total loan amount does not exceed 75% of after repair value
  • Starting 7.99%  Interest per Annum
  • Points Negotiable
  • up to 24 Months term
  • Loan extensions available
  • No Pre-Payment Penalty
  • Business Purpose Loans Only

The 85% LTV/LTC program is for experienced clients only. An Experienced Client must meet all three of these criteria:

  1. Has a total of 3 points in the past 36 months. Each “Fix and Flip” is considered one point.
    Each “Rental” is considered 0.5 (half) a point. You can use any combination of “Fix and flips” and “Rentals” to create a total of 3 points.
    For example: 3 flips = 3 points. 1 flip and 4 rentals = 3 points.
  2. All guarantors must have a credit score of over 600.
  3. Borrower’s bank account must reflect funds equal to the following:
    1. Closing cost
    2. Down payment
    3. 4 months of interest reserve

90/100 Program

  • Up to 90% of the purchase price or 75% LTV, Lessor of the two
  • Up to 100% of the rehab cost as long as the total loan amount does not exceed 70% of after repair value
  • 7.99% to 9.99% Interest per Annum
  • 2 TO 2.5 Points
  • 12 Months term
  • Loan extensions available
  • No Pre-Payment Penalty
  • Business Purpose Loans Only

Auction Financing Program

  • 65% Loan To Cost
  • 10.5% Interest Per Annum
  • 3 Points
  • 12 Months terms
  • Loan Extensions Available
  • No Pre-Payment Penalty
  • Business Purpose Loans Only

And also you get the benefit of the following items when you start working with us:

  • Value Assessment
  • Rehab Money If Needed
  • Property Evaluation
  • Educational Courses

Construction Program

  • 80% LTC
  • 9% to 10.5% Interest per Annum
  • 2.5 to 3 Points
  • 12 Months term
  • Loan extensions available
  • No Pre-Payment Penalty
  • Business Purpose Loans Only

Cash Out & Refinance

  • 65% to 75% LTV
  • From 8.5% Interest per Annum
  • 12 Months term
  • Loan extensions available
  • No Pre-Payment Penalty
  • Business Purpose Loans Only

Sunset Equity Funding is a nationwide direct private money lender that offers Correspondent programs along with a white label to fund broker deals. Sunset Equity provides fix and flip as well as new construction loan programs and will tailor any program to fit each investor’s criteria.  Our programs as follows:

  • Up to 90 % of the cost
  • Up to 100% of your rehab costs
  • 48-hour funding
  • Rates start at 7.49%
  • No upfront deposit fees
  • No prepayment penalty
  • Direct private money lender
  • No interest construction holdbacks

Fix & Flip Loans, New Construction, Hard Money, Private Lending, Rehab, Commercial Real Estate Purchase Loans, Commercial Real Estate Refinance Loans

License

NMLS ID 279264, CA DRE Lic. 01773208, CFL 603C725, AZ MBL 0950788, OR ML-5474

Company Size (Number of Employees)

30

Year Established

2005

Associations

  • National Private Lenders Association
  • American Association of Private Lenders
  • California Mortgage Bankers Association
  • Mortgage Bankers Association

Office Locations

6125 Washington Boulevard, Suite 300, Culver City , California 90233

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Private Equity Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Commercial Mortgage Banking
  • Residential Mortgage Banking
  • Business Finance

Percentage of Loans Secured by Residential Property

100%

Percentage of Residential Property Loans Which are Fix and Flip

90%

Percentage of Residential Property Loans Which are Buy and Hold

10%

Total Number of Loans Funded to Date

497

Before You Contact Us

Our Minimum Loan Amount Is

$200,000

What We Do

  • Residential, Multifamily, Mixed-Use Properties
  • Bridge Loans, Rehab Fix & Flip
  • LTC up to 90% for Flips, LTV up to 75%
  • 10%+ Cash Required for Flips

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Land or Construction
  • NO Rural Areas

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.)

$
$
$
$
$
$
$
%

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

$
%
$
$
%

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

$
$
$
$
$
$
$
%

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
Before You Contact Us

Our Minimum Loan Amount Is

$200,000

What We Do

  • Residential, Multifamily, Mixed-Use Properties
  • Bridge Loans, Rehab Fix & Flip
  • LTC up to 90% for Flips, LTV up to 75%
  • 10%+ Cash Required for Flips

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Land or Construction
  • NO Rural Areas