|Lender Name||Property Types||Loan Types||Amount||Max. LTV||Rates|
|Noelle W.||Residential, Commercial, Land||Purchase, Refi, Cash Out, Rehab, Can do 2nd, Owner-Occupied||$20k - $5m||75%||7.99 - 15%|
|Larry P.||Commercial and Residential||Purchase, Refinance, Bridge Loan, Rehab, Construction||$400k - $10m||70%||7.99 - 10.99%|
|Carl M.||Residential and Commercial||Purchase, Refi, Cash Out, Owner & Non-Owner, 1st & 2nd TD||$50k - $2m||70%||8 - 12%|
|Elliot S.||Commercial and Residential||Refi, Cash Out, Purchase, 1st or
2nd Trust Deed, Construction
|$2m - $10m||75%||7.99 - 15%|
|Vance H.||Residential and Commercial||Purchase, Cash Out Equity, Bridge Loans, Construction||$100k - $7m||65%||8 - 12%|
|Steven B.||Residential Only||Refinance, Cash Out, Purchase
Charges 1 Point Fee
|$50k - $300k||60%||8 - 11%|
|Need help choosing a lender? Call 888-815-3651 to speak with a private money mortgage consultant.
$3.45M construction loan for a high-end spec home at The Madison Club, an exclusive golf course community in La Quinta, just south of Palm Desert. The Borrowers are very experienced with developing luxury homes. They are building an 8,600 square foot golf course-front home with a terrific, contemporary design and exceptional views. The home will have 5 bedrooms, 6 ½ baths, a pool, spa and lushly landscaped grounds. The estimated finished value is over $7 million. This private mortgage was funded in July 2014.
$400K private money bridge loan secured by an owner-occupied industrial building in Thousand Palms, CA. The Borrower's previous 1st mortgage was coming due and they needed to fund fast. Their 1st mortgage was paid off, and they received some cash out for business operating capital. The LTV for this new 1st mortgage is 65%. The loan term is 2 years. Although most of this lender's private money lending is done in Northern California, they do consider properties in Southern California as well. This private money loan was funded in June 2014.
Refinance of a maturing seller-carryback loan on two high-end residential lots in Palm Desert’s exclusive community of Bighorn. The sponsor required short-term financing to retire the existing debt while developing plans to build two luxury spec homes. Their available capital was much better utilized within their primary business, and banks have all but forgotten how to finance high-end lots, let alone provide spec construction financing on what will be $5m+ homes. Lender was able to fund this loan within 1 week.
Hard money bridge loan for $1.2 million on a 7,000+ sq. ft. new construction spec home. The borrowers needed to refinance their construction loan which had matured, and cash out some equity to put the finishing touches on the project. The borrower illustrated his ability to service the bridge loan based on his timely payments with his previous construction lender. Carl was able to refinance the existing debt of about $1 million and offer cash out of $200k with a similar payment they had with their construction loan. Carl and his investors felt comfortable with the project and its principals and the value upon completion so he made the bridge loan. The property will be listed and sold. This bridge loan was funded in March 2013 by a hard money lender based in San Diego.