San Diego Private Money Lenders for Real Estate Investors
Here is a list of private money lenders for real estate through San Diego County, including Chula Vista, Calsbad, Encinitas, Escondido, Del Mar, Oceanside, San Marcos, Imperial Beach and other areas. Use a private mortgage to get fast funding for a San Diego investment property purchase, refinance or equity cash out. Our directory lists private money companies (not individual investors) offering short-term loans that typically range from 6 to 36 months.
In June 2020, SDC Capital funded a $384,000 private money loan secured by a condominium unit in La Jolla, San Diego County. 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% and 1.50 points.
Line of Credit for Encinitas Residential Investment Property
The Borrower needed to cash out equity on a beachfront residential investment property in Encinitas, North San Diego County, to help with cash flow until the property sells. Stonecrest provided him with a $3M credit line in 1st position against the home’s appraised value of $7.7M so the 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. Stonecrest funded this private money loan in May 2018.
Private Loan for Rancho Santa Fe Residential Investment Property
First trust deed private money loan secured by a residential property in Rancho Santa Fe, San Diego County, CA. The purchase price was $4,000,000. The Borrower put $1,400,000 cash down and we funded the remaining 65%. The subject property is a very large luxury single family home consisting of almost 8,000 square feet. It was delivered vacant and is in good condition. The Borrower plans to rent the home and hold it as a long-term investment. He plans to eventually refinance with a conventional lender to pay off our loan within the 3-year loan term. We funded this 1st trust deed private mortgage in just 4 days, in June 2016.
Private Money Loan for Point Loma Residential Rehab Project
In April 2016, Wilshire Quinn funded a $800K 1st trust deed private money loan secured by a house in San Diego, California. The loan was provided to a local real estate investor intending to rehab and then sell the property later this year. The property is located in the Point Loma neighborhood of San Diego. 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.
Private Money Loan for Pacific Beach Rehab Project
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.
Private Money Refinance Loan for Downtown San Diego Condo
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.