SF Bay Area Lenders for CRE Value Add Projects
Are you seeking financing for a commercial property value-add project in the San Francisco Bay Area? On this page, you’ll find a list of private lending firms that offer short-term loans to purchase & renovate (or re-purpose) commercial real estate throughout the San Francisco Bay Area’s urban areas, including retail, office, industrial, hotels, self-storage, and others. The sponsor/borrower must contribute at least 20% cash to the total project costs (acquisition and rehab budget). The loan-to-completed value for most lenders is 70%, or whatever LTV will qualify for the long-term takeout loan.Searching...
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SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
Select a Metro Area
California is a large state, and most lenders are selective about where they lend. 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
Funded Multifamily & CRE Value Add Deals in the Bay Area
Purchase Bridge Loan for 21-Unit Multifamily Property in Berkeley, California
$3,655,000
Conventus LLC, a direct private mortgage lender, funded a $3,655,000 1st lien position bridge loan for the acquisition of a 21-unit multifamily property in Berkeley, CA, next to Oakland the East Bay Area. We funded 85% of the $4,300,000 purchase price, while the Borrower contributed 15% cash at closing. They will also self-fund 100% of the $225,000 rehab budget. The subject property was acquired in good condition and was tenant-occupied at closing. The Borrower had excellent credit. They plan to buy out 5 to 8 tenants, do minor cosmetic upgrades, and eventually refinance with long-term conventional debt as an exit strategy. They anticipate the value to increase to $6,000,000. So the loan-to-after-repair value will be approximately 61%. We charged a 10.5% interest rate and a 1.5% origination fee. The loan term was set at 12 months with no prepayment period or penalty. This multifamily bridge loan was funded in April 2023.
Purchase & Rehab Bridge Loan for Multifamily in Oakland, CA
$2,250,000
Security Financial Services, a direct private lending firm based in San Francisco, provided a $2,250,000 bridge loan to secure the acquisition of a 10-unit multifamily property in the Adams Point neighborhood of Oakland, CA. The loan-to-value for our 1st position private mortgage was 70%, while the loan-to-cost for our combined 1st and 2nd position loans was 75%. The Borrower contributed a 25% cash down payment. The subject property was in good condition and partially occupied at closing. The building was constructed in 1922 and is situated on a single parcel containing 0.46 acres of land area. The Borrower intends to remodel 4 units by converting the 1-bedroom units to 2-bedroom units, installing in-unit laundry, upgrading the patios, and fully remodeling the kitchens and baths. Upon completion of the 12-month loan term, they the owners plan to lease the vacant units at the market. The Borrower is a seasoned operator and plans to refinance into permanent financing. This multifamily property bridge loan was funded in September 2022.