San Mateo County Private Money Lenders for Real Estate Investors
Here is a list of private money lenders for real estate throughout the SF Peninsula, including Burlingame, Hillsborough, Redwood City, Foster City, Woodside, Menlo Park, Daly City, San Carlos, Belmont, Millbrae, Portola Valley, Half Moon Bay, Pacifica, San Bruno, and other areas. Use a private mortgage to get fast funding for a San Mateo County 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.
A gorgeous Mediteranean Spanish-style Non-Owner Occupied home that has been completely rebuilt from the ground up was refinanced for business purposes by borrower. SFR has 5 bedrooms, 3 baths, pool and approximately 2,700 square feet. Rubicon funded a $1.125M loan for 1 year, with a 1st Deed of Trust and a Loan to Value of 59%. This private money loan was funded in September 2017.
Private Money 2nd Mortgage for Pacifica Multifamily Property
Private money 2nd position loan secured by a fully occupied 8-unit apartment complex in Pacifica, San Mateo County, funded in May 2016. The Borrower needed the funds to invest in another property acquisition. The estimated value is $2,000,000. With the existing 1st mortgage balance at $770,000, the combined LTV (loan-to-value) for this bridge loan is 50%. The loan term is for 12 months interest-only. The location and strong cash flow allowed us to move quickly and fund this 2nd trust deed bridge loan just 10 days after the receiving the request. The Borrower plans to refinance or pay off this loan through other proceeds within the 12-month loan term.