San Francisco Private Money Lenders for Real Estate Investors
Here is a list of private money lenders for real estate throughout San Francisco - SOMA, Pacific Height, Noe Valley, The Mission, Russian Hill, Presidio Heights, The Sunset and other neighborhoods. Use a private mortgage to get fast funding for a San Francisco 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.
Our borrower is a real estate investor that needed funds for another project they were completing. They own this property with a small first lien of $375k. The appraisal came in at $1.5M. Stonecrest provided the borrower with a $600k line of credit in 2nd position. This is a 1-story home built in 1922. The home is 1,330 sq ft on a 2,063 sq sf lot with 3 bedrooms and 2 baths. The finished basement has an additional 2 bedrooms and 1 bath. The inside of the home has been remodeled within the last year. This private money 2nd TD was funded in August 2017.
Private Money Loan for Noe Valley Investment Property Acquisition
Private money loan for the acquisition of a vacant single family home in San Francico’s Noe Valley neighborhood. The purchase price was $2,150,000. The Borrower put down $645,000 (30%) in cash. He plans to rent to a 3rd party tenant while working to entitle the property into a high-end home with greater square footage, additional beds/baths, a new patio, and luxury furnishings. We were able to close in just 5 business days, in April 2015. The loan term was 1 year.
Private Money Cash Out 2nd Loan for NOPA Apartment Building
Private money 2nd mortgage secured by a 6-unit apartment complex in San Francisco’s NOPA neighborhood. The Borrower needed the funds to invest in another property acquisition. The estimated value is $2.3M. With the existing 1st mortgage balance at a little under $1.1M, the combined LTV is 56%. The loan term is 1 year but it’s amortized over 20 years. The excellent location and strong cash flow allowed us to move quickly and fund this bridge loan just 10 days after the initial inquiry, in September 2014.