Other Real Estate Loans

• Commercial Loans
• Land Loans
• Construction Loans

Commercial Loans

Are you in the market to purchase a commercial income property? Refinance your commercial loan? Draw available equity from an income-producing commercial property anywhere in the USA?

We provide up to 90% commercial financing nationwide for:

• Apartment Buildings (low rates for multi-family properties!)
• Office and Medical Buildings
• Warehousing and Storage Facilities
• Single and Multi-Unit Retail
• Industrial & Automotive
• Mixed-Use & Unique Properties
• Hotels and Motels
• Resorts, Golf Courses, and Athletic Clubs
• Mobile Home Parks

We specialize in smaller commercial loans (up to $5 million) and also provide SBA (Small Business Administration) loans for transactions secured by commercial real estate. Commercial loans for acquisition, refinance, bridge, mezzanine, and commercial construction projects.

For commercial property loans in California,
call me direct at 1-800-644-8829.

California residential lot and land loans

Residential Lot Loans
Financing for the purchase of California residential-zoned lots for future construction of an owner-occupied, 1 - 4 unit SFR home (or as a manufactured home site). See our land loan restrictions.

Residential Lot Purchase
(intended for primary residence)
* 25% down payment required (75% max LTV)
* 2-year balloon term
* Prime + 1.00% interest rate(ARM), interest-only payments
* Full income and asset documentation required
* No prepayment penalty
* CALIFORNIA property only
* Conditions, terms, and restrictions apply

Residential Lot Refinance
(no cash-out. rate & term only, intended for primary residence)
Intended for refinancing an existing lot loan only with no cash out.
* 25% minimum equity required (75% max LTV)
* 2-year balloon term
* Prime + 1.00% interest rate (ARM), interest-only payments
* Full income and asset documentation required
* No prepayment penalty
* CALIFORNIA property only
* Conditions, terms, and restrictions apply

Residential Lots held for "Investment"
For lot purchase or rate/term refinance of residential CA lots held for investment.
* 30% minimum down payment required (70% LTV) -- purchase
* 35% minimum equity required for rate & term-only refinance
* 3-year balloon term
* 9.00% fully amortizing payments (Note rate, APR higher)
* Full income and asset documentation required
* No prepayment penalty
* Must be an improved lot in a subdivision. No rural property.
* CALIFORNIA property only
* Conditions, terms, and restrictions apply

Agricultural Land Purchase Loans
Financing of California land zoned for agricultural use, existing agricultural activity OK -- crops, vineyards, livestock.
* 35% minimum down payment required (65% LTV) -- purchase
* 35% minimum equity required (65% LTV) -- refinance
* 15-year fixed-ARM loan with one rate reset at 10 years
* Loan based on 10-yr T-Note + margin, fully amortizing payments
* Full doc or stated income and assets
* No prepayment penalty
* Minimum 15 acres
* CALIFORNIA property only
* Other conditions, terms, and restrictions apply

Commercial Lot Loans
Commercial lot and land loans are limited to a maximum 50% LTV. Bank- issued loan requires good credit and documented income and liquid asset reserves, otherwise hard money terms apply.
Minimum California commercial lot / land loan = $100,000.
Commercial lot / land outside CA = minimum $250,000 loan

Restrictions on lot and land loans:

a) No broker co-ops
b) No loans on "non-entitled" or very rural property
c) No "hillside lot" loans -- flat or mild sloping only
d) Cash-out transactions on any land type limited to improved lots / parcels only and are considered on a case-by-case basis, and loan-to-value restrictions apply.
d) Developer acquistion loans: up to 70% LTV of as-is value only to very experienced developers with private funds. No "subject-to entitlement" loans.

For residential lot loans in California,
call me direct at 1-800-644-8829.

Construction Loans

Residential and commercial construction and renovation loans are available. For California residential construction loans, we offer a few options:

1. Custom Residential Construction - for borrowers using an outside contractor to build a primary, second, vacation home or investment property in California.
   Owner/Builder Construction - for borrowers or contractors acting as their own general contractor to build a residential primary residence, second home, or investment property in California. Additional terms, restrictions, and conditions apply for owner-builder financing.
   Spec Construction - for borrowers or contractors seeking a loan to build a 1-4 unit property intended for immediate sale on completion.
   Manufactured / Modular Home Construction - used to place a factory-built or site built home on a permanent foundation on a lot you own.
   
2. Hard money residential and commercial construction and improvement loans.
   We offer short-term hard money loans for challenging or unique situations that require private construction lending.
   * We specialize in stated income jumbo construction
   loans over $1 million.
   * Construction Completion Funds - 1st or 2nd loans for borrowers needing a loan to complete construction of a project that has run over budget.
   * Renovation / Rehab Construction Loans: 1st or 2nd loans for repairs, renovation, additions to owner-occupied property or investor rehabs.
   
   Important notes on hard money construction and rehab loans:
   * Hard money loan terms and fees are not comparable to construction loan terms from a bank--expect to pay a premium. (Contrary to what many believe, short-term loans are actually more costly than loans with terms of several years or more).
   * A minimum down payment or hard equity in the project is required to qualify. Just as with bank consitruction financing, there must be a tangible vested monetary interest in the property to secure the interest of a private lender. This can be in the form of accumulated equity, a down payment, a percentage of the build costs, or some combination of those.
   * Proof of income may be required to qualify.
   * The Loan-to-Value ratio is determined on a case-by-case basis and considers many criteria, including regional market conditions for the subject property area.
   * We always obtain an independent appraisal for privately funded construction transactions, even if one already exists.
   * NO "poor credit" hard money construction loans.
   * A hard money construction loan is NOT intended to be long-term financing. You'll be expected to have permanent financing in place at completion, or sell the property if a spec project.

For construction loans in California,
call me direct at 1-800-644-8829.