California Private Lenders

About California Private Lenders

California Private Lenders is a Calabasas, CA based private lender. They offer funding throughout California. They provide lending solutions for a variety of situations and needs, including rental property loans, fix and flip loans, and private commercial loans. They provide rates ranging between 8% and 10.99%, loan amounts ranging from $50,000 to $10,000,000 with a maximum LTV of 65%, and terms between 12 months and 60 months. They offer loans on all of the following types of properties: single family residences, multi family, apartment buildings, office buildings, retail spaces, mixed use buildings, warehouses, industrial buildings, and storage buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Warehouse, Industrial, Storage

Areas Served: CA

Licenses: BRE Corp. ID# 01896294, NMLS #684321

Lending Guidelines for California Private Lenders

Below are the general loan guidelines published on the California Private Lenders 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 California Private Lenders.

Loan Example 1

California Private Lenders issues a hard money loan to Marcella for a renovation project in Los Angeles, CA, on a house that is listed for $160,000. The borrower will have to fund 40% of the sales price in cash to closing based on a 60% loan to value set by the lender. This makes the loan principle from California Private Lenders $96,000. The parameters of the note also include a five percent origination fee that is to be paid at closing and a 12 month, interest-only note with a 8% rate of interest.

Accordingly, the borrower will be required to make a $64,000 down payment in addition to paying a $4,800 origination fee. Once the deal closes, she will pay the lender $640 in monthly interest fees, or 8% multiplied by $96,000 divided by 12 months in the year. If she sells the renovated house for $232,000 at the end of the 12 month term, her total profit (not including remodeling costs) would be $59,520. This is computed by taking the sales price ($232,000) and subtracting the original note amount ($96,000), the origination cost ($4,800), the cash she contributed to closing ($64,000), and the total interest payments ($7,680).

Loan Example 2

Chad is a real estate investor in Los Angeles, CA. He buys an older property for a rehab project and obtains a fix and flip loan from California Private Lenders with the following features:

$310,000 sales price
65% loan-to-value (LTV)
12 month term
9% rate of interest
1% origination fee

If Chad achieves his goal of a $372,000 sales price, the final numbers of the deal would be as follows:

$372,000 sales price
- $201,500 principle (65% LTV)
- $108,500 cash paid at closing (35% on 65% LTV)
- $2,015 origination fee (1% of the $201,500 principle amount)
- $18,135 total interest paid (12 months x 9% interest)
-----------------------
= $41,850 total profit (doesn't include taxes or renovation costs)

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