Alta Equities

About Alta Equities

Based in Tustin, CA, Alta Equities is a hard money lender providing funding throughout San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, and Ventura County. They provide lending solutions for many different needs and situations, including private commercial loans, private refinancing, hard money bridge loans, investment property loans, and fix and flip hard money loans. They will make loans on all of the following property types: single family units, multi-family, apartments, office buildings, retail storefronts, hotels, storage buildings, assisted living facilities, mixed use spaces, undeveloped land, churches, warehouse spaces, and industrial facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial

Areas Served: San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, Ventura County

Licenses: CalBRE #01889004, NMLS #1181432

Lending Guidelines for Alta Equities

Below are the general loan guidelines published on the Alta Equities website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Alta Equities.

Loan Example 1

Alta Equities makes a fix-and-flip loan to Deborah for a remodeling project in Los Angeles, CA, on a house that costs $370,000. The terms of the loan include a 80% loan to value (LTV), so she must contribute 20% of the price as cash at closing, making the principle loan amount $296,000. The loan is interest-only, with monthly payments, and is for 18 months at 9% interest with 3 points to be paid at the closing.

In accordance with the terms of the loan, Deborah will have to pay a $8,880 origination fee plus 20% of the sales price, or $74,000, since there is a 80% LTV. she will then pay $2,220 monthly to the lender. If she sells the remodeled project for $499,500 at the end of the 18 month term, her gross profit (not including remodeling expenses) would be $80,660. This is computed by taking the purchase price ($499,500) and subtracting the original principle ($296,000), the origination fee ($8,880), the money she contributed to closing ($74,000), and the total interest expenses ($39,960).

Loan Example 2

Billie takes out a private money loan from Alta Equities in order to renovate a townhome to resell in Los Angeles, CA. The loan has the following terms:

$230,000 purchase price
60% loan to value (LTV)
6 month term
14% rate of interest
4% origination fee

After the rehab project is complete, if Billie sells the house for $345,000, the outcome would be the following:

$345,000 sales price
- $138,000 principle on note (60% LTV)
- $92,000 down payment (40% on 60% LTV)
- $5,520 origination fee (4% of the $138,000 principle amount)
- $9,660 total interest paid (6 months x 14% interest)
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= $99,820 gross profit (doesn't include taxes or rehab costs)

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