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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MOR Financial

Direct Lender for California Investment Properties

$100,000 - $3,000,000
6 to 36 months
7.99% - 11.99%
0 - 3.00%
Secured Capital Lending

Direct Private Lender for California Investment Properties

$100,000 - $20,000,000
12 to 360 months
6.99% - 9.99%
1.00% - 2.00%
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%
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%
Diversified Mortgage

Our Current Maximum Fixed Interest Rate is 8.5% for 4-year term, 8.25% for 2 years, and 7.95% for 1 year

$100,000 - $5,500,000
6 to 60 months
8.25% - 8.50%
2.00% - 3.00%
Cityscape Finance, LLC

Price a Loan Online and Get Pre-Qualified Instantly

$75,000 - $4,000,000
6 to 36 months
8.50% - 12.75%
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%
Easy Street Capital

Direct Lender for Residential Flips and Rentals

$75,000 - $2,000,000
6 to 12 months
9.90% - 12.90%
1.50% - 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%
Finance of America Commercial

Residential Real Estate Investment Loans Made Simple

$50,000 - $50,000,000
12 to 360 months
Mortgage Vintage

Fast and Professional Hard Money Loans (1st or 2nd lien)

$50,000 - $5,000,000
12 to 48 months
7.99% - 15.00%
2.00% - 4.00%
Kiavi

Servicing 12,000+ Real Estate Investors Across the Country

$75,000 - $2,000,000
12 to 360 months

About Private Money Lending in California

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: 7.99% to 13%
    • Most California private lenders charge 9%-10% interest as of December 2022
  • 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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