San Bernardino County Private Money Lenders for Real Estate Investors
Seeking a private money loan secured by real estate in San Bernardino County? On this page you'll find a list of direct private money lending companies that offer fast funding for an San Bernardino County 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%.
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American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Finance of America Commercial
Residential Real Estate Investment Loans Made Simple
Mortgage Vintage
Fast and Professional Hard Money Loans (1st or 2nd lien)
Secured Capital Lending
Direct Private Lender for California Investment Properties
Nationwide Mortgage - California
Bridge, Rehab, Construction, & Rental
SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
MOR Financial
Direct Lender for California Investment Properties
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Easy Street Capital
Direct Lender for Residential Flips and Rentals
Cityscape Finance, LLC
Price a Loan Online and Get Pre-Qualified Instantly
Diversified Mortgage
Our Current Maximum Fixed Interest Rate is 8.5% for 4-year term, 8.25% for 2 years, and 7.95% for 1 year
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
About Private Money Lending in California
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: 7.99% to 13%
- Most California private lenders charge 9%-10% interest as of December 2022
- 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
Funded Private Money Loans in San Bernardino County
Private Money Loan for Single-Family Residence in Rancho Cucamonga, California
$820,000
Karpe Real Estate Center, a direct private lender for Central California real estate, funded an $820,000 1st lien position private money loan for the acquisition of a single-family home in Rancho Cucamonga, California. We funded 68% of the $1,200,000 purchase price, while the Borrower contributed 32% cash at closing. They were purchasing the property for a family member to live in on a long-term lease. They owed back taxes and solar panel lease payments on the property which were paid off by our loan. The Borrower went with a private money loan for speed and to clean up the tax and solar situation. They plan to continue leasing the property and will eventually refinance with a conventional loan as an exit strategy. The subject property was in excellent condition and tenant-occupied at closing. It is approximately 3,273 square feet, set in a 21,750-square-foot lot. The Borrower had average credit. The interest rate was 10.50%. The loan term was set at 36 months. This private money loan was funded in June 2023.
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