Property Geographic Area Details

Nationwide except for Alaska, North Dakota, South Dakota

Loan Amounts

$200,000 to $15,000,000

Interest Rates

7.49% to 9.99%

Max Loan-To-Value

85.00%

Max Loan-To-Cost

90.00%

Origination Fees

2.0% to 3.0%

Loan Terms

9 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 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%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

0

Residential Long-Term Rental

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

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
  • 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

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
  • 8.5% to 9.99% 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 offers financing options for commercial and residential property investors. Sunset Equity has competitive lending programs that fits each investor’s criteria.  Sunset Equity offers competitive rates for fix and flip investors and auction buyers.

  • We lend up to 90 % of your purchase price
  • We lend 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 construction holdbacks

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

visit Www.SunsetEquityFunding.com for more information on our programs

License

CFL #603C725

Company Size (Number of Employees)

30

Year Established

2005

Associations

  • California Mortgage Bankers Association - Company
  • American Association of Private Lenders - Company
  • Mortgage Bankers Association - Company

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

300

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

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