San Diego Private Money Lenders for Real Estate Investors
Seeking a private money loan secured by real estate in the San Diego metro area? On this page you'll find a list of direct private money lending companies that offer fast funding for a San Diego 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...
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SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
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.
PrideCo Loans Inc.
Family Office Hard Money Lender for Multifamily and Residential Investment Properties
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 Forecasaâ„¢, 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
Forecasaâ„¢ 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 San Diego County
Maturity Bailout Private Money Loan for Rental Home in La Mesa, California
$538,000
TaliMar Financial, a direct private lender in San Diego, funded a $538,000 private money refinance loan secured by a non-owner-occupied residential investment property in La Mesa, CA. The Borrower had purchased the property a year prior with the plan to hold it for long-term rental income. They had a private mortgage from another lender which was maturing, and that lender requested a large extension fee for a very short term, but the Borrower needed a longer-term solution.
TaliMar Financial offered a solution by paying off the other private lender and providing a 3-year loan term with No Prepayment Penalty. The loan amount was at 70% loan-to-value. Additionally, we did not require an appraisal and closed in 5 business days! This SFR private money loan was funded in March 2021.
Private Money Equity Cash-Out Loan for Condominium in La Jolla, California
$384,000
SDC Capital, a direct private lender based in Burbank, funded a $384,000 1st lien position private money loan secured by a condominium unit in La Jolla, San Diego County, CA. The Borrower needed cash out to pay down some expensive business debt that was coming due. He owned a free-and-clear two-bedroom condo that was leased to a tenant who was considered high risk for Coronavirus complications. They didn’t want anyone entering the unit. We pride ourselves on being able to work through all Borrower scenarios if we have a good asset and a reasonable loan request. Fortunately, we felt we could value the unit through tenant-provided videos and pictures and determined the value to be around $640,000. After careful consideration, we were able to provide the Borrower with a 60% LTV cash-out loan at 8.99% interest rate and 1.50 origination points. This hard money equity cash-out loan was funded in June 2020.
Line of Credit for SFR Investment Property in Encinitas, California
$3,000,000
Stonecrest Financial, a private money lender, funded a $3,000,000 1st lien position equity cash-out loan secured by a beachfront residential investment property in Encinitas, North San Diego County, CA. The Borrower needed to cash out equity in order to help with cash flow until the property sells. The home was appraised at $7.7M so our loan-to-value was just 39%. The property is a 4,502-square-foot 3-story home situated on a 10,954-square-foot lot. This 5-bedroom, 5.5-bathroom home was custom built in 2016 and has a beautiful view of the ocean from the 2nd and 3rd floors. This property is stunning with inside/outside polished limestone flooring, an elevator, and many other amenities. This SFR private money refinance loan was funded in May 2018.
Private Money Loan for Residential Rehab Project in San Diego, California
$800,000
Wilshire Quinn Capital, a portfolio bridge lender, funded a $800,000 1st lien position private money loan for a single-family home in the Point Loma neighborhood of San Diego, CA. The loan was provided to a local real estate investor intending to rehab and then sell the property later this year. The single family residence consists of 2750 square feet, with four bedrooms and two baths. The property has ocean and bay views, and sits on over half an acre of land. The loan was funded in 4 days after the request for capital was made, as the Borrower’s original lender could not fund the loan before close of escrow as initially promised. This SFR private money loan was funded in April 2016.
In December 2014, Wilshire Quinn Capital funded a private money loan secured by a single family home in the Pacific Beach neighborhood of San Diego, CA. The Borrower already owned the property with an existing first mortgage. We paid off the previous lender and provided the funds needed to remodel the property. The rehab funds were placed in a builder’s control fund to facilitate the remodel project. The Borrower plans to sell the home upon completion which will pay off the 1st trust deed private mortgage within 1 year. The sale price is estimated to be $1.75M so the loan-to-value for this loan is 60% LTV.
In November 2014, Wilshire Quinn Capital funded a $435K private money loan secured by a condominium in the Bankers Hill neighborhood of San Diego. The condominium is in a high-rise building, consists of more than 1,700 square feet with 2 bedrooms, 2 baths and has expansive views. The property was appraised the week before for $725,000 so the loan-to-value is 60% LTV. Wilshire Quinn paid off the previous lender and provided the cash out funds just 7 days after the initial request. The Borrower plans to sell the condo soon which will pay off this 1st trust deed loan.