Other Real Estate 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? Restructure existing commercial debt? Have a commercial loan maturing?

“John has done two very difficult loans for me now — one on my apartment building and another on this recent investment property. The sellers we had to deal with for the purchases were very difficult and did nothing to make the process easy. John was always there, doing things in the background to make sure the transactions were closed. I would recommend him to anyone who needs a real advocate for obtaining a loan.”

~ Teena C., Hawthorne, California

We specialize primarily in loans for INCOME PRODUCING PROPERTY in CA and the Western U.S. Loan amounts in California from $250,000+. Loans outside of CA from $500,000+.

  • Apartment Buildings
  • Senior Living Centers
  • Office and Medical Buildings
  • Multi-Unit Retail
  • Mixed-Use properties
  • Storage Units
  • Mobile Home Parks
  • Hotel & Motel, Resorts

Occassionally, we arrange financing for other specialty properties, but mostly in CA and the western U.S.

  • Industrial
  • Warehouses
  • Gas Stations
  • Laundromats, Dry Cleaners, Car Washes
  • RV parks

We provide up to 90% commercial financing nationwide with the U.S. government-insured SBA (Small Business Administration) 504 and 7(a) loans for owner-occupied commercial property purchases.

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

California residential lot and land loans

We provide only BANK-financed loans for residential lots / land. See our Land Loans page for more info. We do NOT offer land loans to professional developers for commercial home development or construction.

  1. Consumer — Bank financing for the purchase OR refinance of qualified residential-zoned/use land / lot parcels intended for construction of a primary or second home, or for personal investment. We also offer land /  “cash-out” (equity loans) on qualified residential land / lots.
  2. We offer consumers looking to build single-home, 1-4 unit construction financing if you already own a residential lot or land, OR are purchasing land being sold with approved building plans for a future primary/second/investment construction purpose (conditions and restrictions apply – call or email)
  3. We do NOT offer land / lot loans on a wholesale basis to mortgage lenders, nor co-op with outside loan brokers.

1. Consumer – Residential Lot / Land PURCHASE or REFINANCE Loans
Land purchase financing or refinancing of qualified residential lots / land parcels intended for future construction of an owner-occupied, primary or second home or investment property. CASH-OUT land equity loans up to 90%. See “Restrictions” below.

  • Minimum $100,000 loan amount, NET of the required program down payment
  • Up to 90% financing for qualified parcels and applicants (loan limits apply – call)
  • No early prepayment penalty
  • Qualified applicant credit down to 650 allowed (conditions apply)
  • No “loan reserves” required in some cases
  • Multiple contiguous lots allowed, including purchase or refinance of “lot next door” parcels
  • Lot/Land loan amounts to $3.0 million (conditions apply)
  • No specific utility requirements or testing / certification on some land programs
  • Co-applicants / co-signers / non-occupant co-applicants allowed (conditions and restrictions apply to some products)
  • “Burn Lots” – case-by-case eligibility for lot / land financing in previous wildfire areas; special conditions apply – call to discuss
  • No mortgage insurance required

Restrictions – Consumer Lot / Land Loan Financing

  • We do not cooperate with loan brokers or accept referrals from loan brokers — sorry.
  • We do NOT offer land loans to professional developers for commercial land development or home construction. Please contact a “hard money land lender” for that application.
  • No pre-existing habitable structures allowed. Qualified residential lots / land should be vacant. In some limited cases, non-livable structures may be allowed on a case-by-case basis, subject to preview.
  • Minimum lot loan amount is $100,000 regardless of purchase, rate/term, or cash-out land / lot refinance transactions.
  • Title vesting restrictions apply to certain land loan programs
  • Residential zoning (or use allowance) for 1-4 unit homesite only. This is not for commercial or industrial land financing.
  • 1st-lien position loans only (not a 2nd lien, nor allows subordinate financing)
  • Minimum 650 middle credit score from amongst all applicants (other conditions and restrictions apply)
  • Traditional (“Full Doc”) qualification required
  • US citizenship required (some exceptions for certain types of visa holders is allowed – call or email for details). Not available for “foreign national” applicants.
  • Commercial / personal AGRICULTURAL land / lot loans available (call for specifics), including operating or potential farm land and “hobby farms”. Conditions apply.
  • Not all land / lot loans are available in all states – call or email for eligibility

For residential lot and land loans, see our Land Loans page for more info or
call me direct at 1-800-644-8829 or (661) 255-9824

 

New Construction Loans (California)

Available residential construction loans include:

One-Time-Close Construction” loans, “Construction-to-Perm” loans. For California residential construction loans, we offer a few options:

Residential Ground-Up Construction Loans for borrowers using an outside contractor to build a primary, second/vacation home.

“Home Improvement Loans” require a minimum $100,000 in improvement cost and are qualified and treated the same as a ground-up construction loan with the same ARM terms, costs, etc. Our home improvement bank loan is a 1st loan only. If you have substantial equity in the property as-is you should consider a standard Home Equity Line of Credit instead of a construction loan, since the cost will be lower and the process easier.

NO INVESTMENT PROPERTY OR “SPEC” CONSTRUCTION BANK FINANCED TRANSACTIONS. Investment / Spec construction financing is HARD MONEY only.

“Construction-To-Perm” Loan
If you already own your lot and have approved plans and a contract with your builder you’ll need a construction–to-perm loan in most cases. A construction-to-perm loan is a combination of two loans — one for the construction of the home followed by permanent financing when the construction is completed. You’ll need a minimum 20% or more cashequity in the total project cost to qualify. Owner-Builders are allowed for primary residence construction only, provided the majority of income received is from general contractor activity. Otherwise, licensed builders with an operational general contracting company and good credit is required.

“One Time Close” Construction Loan
For those who have approved plans and a contract with a builder but have not yet purchased a lot, a One-Time-Close construction loan allows you to combine the lot purchase, construction, and permanent financing into one loan — saving you thousands of dollars in costs versus multiple loans. The down payment required will be based on a percentage of cost-to-build, depending on the amount.

Private Money Jumbo Construction Loan
We offer hard money jumbo construction loans over $1 million dollars, provided there is a minimum 30% documented cash equity vested in the project based on total cost, and the loan caps at 65% of finished value. Decent credit and a viable exit strategy required. Call for more info.

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