Santa Barbara Private Money Lenders for Real Estate Investors

Seeking a private money loan secured by real estate in the Santa Barbara metro area? On this page you'll find a list of direct private money lending companies that offer fast funding for a Santa Barbara 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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Conventus

We Fund Fast While Providing Excellent Service and Competitive Pricing

$150,000 - $100,000,000
6 to 60 months
9.00% - 12.99%
0 - 2.00%
American Heritage Lending

Direct Lender for Residential Real Estate Investors Nationwide

$100,000 - $5,000,000
12 to 360 months
8.00% - 12.00%
1.00% - 3.00%
RCN Capital

Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans

$75,000 - $10,000,000
12 to 360 months
8.00% - 13.00%
2.00% - 5.00%
ZINC Financial

$100,000 - $5,000,000
9 to 360 months
PrideCo Loans Inc.

Family Office Hard Money Lender for Multifamily and Residential Investment Properties

$150,000 - $3,000,000
6 to 18 months
10.50% - 12.00%
1.00% - 2.00%
Secured Capital Lending

Direct Private Lender for California Investment Properties

$100,000 - $20,000,000
12 to 360 months
8.99% - 11.99%
1.00% - 2.00%
MOR Financial

Direct Lender for California Investment Properties

$100,000 - $3,000,000
6 to 36 months
7.99% - 11.99%
0 - 3.00%
Cityscape Finance, LLC

Price a Loan Online and Get Pre-Qualified Instantly

$125,000 - $4,000,000
6 to 36 months
9.99% - 12.75%
Kiavi

Servicing 12,000+ Real Estate Investors Across the Country

$100,000 - $3,000,000
12 to 360 months
Arch Loans

Low and High Leverage Options, up to 90% of purchase price for fix & flip

$100,000 - $10,000,000
1 to 12 months
8.00% - 15.00%
1.00% - 3.00%
Lima One Capital

The Nation's Premier Lender for Real Estate Investors

$75,000 - $20,000,000
13 to 360 months
7.20% - 12.10%
0.25% - 2.50%
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.

$50,000 - $3,000,000
6 to 48 months
8.25% - 8.50%
2.50% - 3.00%
Center Street Lending

Smarter Loans for Residential Investors

$100,000 - $40,000,000
6 to 24 months
9.00% - 12.50%
0.50% - 2.00%

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

lightning docs logo

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.

 

analytics logics logo

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

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According to Forecasa™, 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.

  1. Kiavi
  2. Anchor Loans
  3. Val Chris Investment Inc
  4. Center Street Lending
  5. Conventus LLC
  6. Easy Street Capital
  7. Provident Trust Group
  8. Merchants Mortgage and Trust Corporation
  9. Fundloans Capital
  10. Genesis Capital

Forecasa™ 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

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