Lending Associates

About Lending Associates

Lending Associates is a private money lender based in San Diego, CA providing funding throughout Southern California. They offer commercial loans, ground-up construction loans, bridge loans, cash out hard money loans, and fix-and-flip loans. They provide terms between 3 months and 3 years, loan amounts ranging from $100,000 to $15,000,000 with a maximum LTV of 80%, and rates ranging between 9% and 12%. They make loans on various types of properties, including single family units, multi-family units, apartment buildings, offices, mixed use spaces, retail storefronts, warehouses, storage facilities, and industrial buildings.

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

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

Areas Served: Southern California

Licenses: California Real Estate License #01391182

Lending Guidelines for Lending Associates

Below are the general loan guidelines published on the Lending Associates 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 Lending Associates.

Loan Example 1

Lending Associates issues a fix and flip loan to Janice for a rehab project in Acton, CA, on a property that is listed for $260,000. The lender agrees to write a note with a 65% loan to value (LTV) so they will loan $169,000 on the property. The interest rate on the loan is 9% for a length of 18 months and the company requires a two point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be repaid after the property sells.

The borrower will need to contribute a total of $32,400 up front to cover the $91,000 down payment plus the $3,380 origination fee. After the loan is executed and Janice takes over the project, she will begin making payments each month of $1,268 to Lending Associates ($169,000 principle x 9% / 12 months). Janice's intention is to complete the remodel within the 18 months and sell it for $325,000. If she succeeds she will make a profit of $38,805 ($325,000 price - $169,000 principle amount - $91,000 down payment - $3,380 origination fee - $22,815 in total interest payments.

Loan Example 2

Yolanda is a an investor in Acton, CA. She locates a run-down house for a rehab project and takes a private money loan from Lending Associates with the following terms:

$260,000 purchase price
55% loan-to-value (LTV)
12 month term
14% interest rate
4% origination fee

If Yolanda achieves her goal of a $377,000 sales price, the final numbers of the project will be as follows:

$377,000 sales price
- $143,000 principle (55% LTV)
- $117,000 cash paid at closing (45% on 55% LTV)
- $5,720 origination points (4% of the $143,000 principle amount)
- $20,020 total interest paid (12 months x 14% interest)
-----------------------
= $91,260 total profit (doesn't include taxes or rehab costs)

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