Lake Tahoe Private Money Lenders for Real Estate Investors
Seeking a private money loan secured by real estate in the Lake Tahoe metro area? On this page you'll find a list of direct private money lending companies that offer fast funding for a Lake Tahoe property purchase, refinance, or equity cash out in 1st lien position. Private money loans are for short term (3-24 months) and primarily qualify based on equity in the subject property, at least 30% for most lenders. So you'll need a 30%+ down payment for a purchase, and for a refinance, the maximum loan-to-value is 70%.Searching...
Sorry, your search returned no results.
Diversified Mortgage
Multifamily Bridge Loans only. Interest Rates are 8.5% for 4-year term, 8.25% for 2 years, 7.95% for 1 year.
Security Financial Services
Direct Lender for Northern California Property Investors | Established 1943
Select a Metro Area
California is a large state, and many private lending companies focus on particular metropolitan areas. Filter your search by selecting a metro area:
Northern California: SF Bay Area | Sacramento | Lake Tahoe
Southern California: Los Angeles | San Diego | Orange County | Riverside County | San Bernardino County | Santa Barbara
Central California: Central Valley | Bakersfield | Fresno
California Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for California private money loans in the 1st quarter of 2024 was 11.23%. The average loan amount was $659,373. These stats are the average of 877 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in California between January 1, 2024 and March 31, 2024 by multiple private lending companies that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for California private money loans in the 1st quarter of 2024 was 10.69%. Lenders charged an average of 1.4% points (origination fee). The average LTV (loan-to-value) for private money loans in California was 64%, and the average loan amount was $808,910. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 California Private Lenders
According to Forecasa™, here are the Top 10 Private Lenders ranked by the number of private mortgage loans originated in California in the last 12 months from March 2024.
- Kiavi
- Anchor Loans
- Val Chris Investment Inc
- Center Street Lending
- Conventus LLC
- Easy Street Capital
- Provident Trust Group
- Merchants Mortgage and Trust Corporation
- Fundloans Capital
- Genesis Capital
Forecasa™ provides analytics data for California private lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
California Private Money Lending Guidelines
California has lots of “private money” and lots of professional private money lending companies that offer short-term loans secured by real estate. It’s mainly for investment properties, but California has some unique laws that enable private lenders to fund loans secured by a borrower’s primary residence. Here are the typical private money lending guidelines for most lenders in California:
- Loan Amounts: $50,000 to $20,000,000
- Interest Rates: 9% to 13%
- Origination Fee: 1 to 3 points
- Maximum LTV for Senior (1st) Lien: Up to 70%
- Maximum CLTV for Junior Liens: Up to 65%
- Lien Position: 1st, 2nd or 3rd
- 2nd mortgages are common in California
- Loan Term: 1 month to 5 years
- Most private money lenders max out at 24 months
- Most lenders have a 3-month minimum term (interest guarantee)
- Payment Type: Interest-only
- Few private lenders in California amortize all of their loans
Private Money Loan Transactions in Lake Tahoe
Private Money Loan for Tahoe Vista Vacation Rental Purchase in Lake Tahoe, California
$750,000
The Brookline Group, a direct private money lender, provided a $750,000 1st mortgage for the purchase of a residential investment property in the Tahoe Vista neighborhood of Lake Tahoe, California. The purchase price was $1,550,000 and the Borrowers put down 52% in cash. They plan to furnish the home and make it a short-term rental. Tahoe Vista is a census-designated area located on the north shore of Lake Tahoe in Placer County. It attracts many visitors, and there is always a demand for large vacation rentals. The property is on the lake, in the Agate Bay community, consisting of 1,600 square feet with 3 bedrooms plus a bonus separate studio apartment over the 2-car garage. All 3 bedrooms have a view of Lake Tahoe. There is also a lakefront deck and 2 buoys for docking boats. The Borrowers were represented by a mortgage broker who had a prior relationship with us and we provided the funds very quickly with a timely closing. The loan term was set at 12 months. The Borrowers plan to refinance with a conventional loan to pay off our private mortgage. This SFR private money loan was funded in April 2020.