MOR Financial

About MOR Financial

MOR Financial is a Los Angeles, CA based hard money lender providing loans in California. They provide lending solutions for many different situations and needs, including fix and flip hard money loans, private commercial loans, cash out hard money loans, long term rental property loans, and bridge loans. They offer terms up to 1 year, loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 70%, and rates ranging between 10% and 11.5%. They provide loans on all the following types of properties: single family, multi family, retail units, office buildings, industrial buildings, and mixed use spaces.

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, Retail, Office, Industrial, Mixed Use

Areas Served: CA

Licenses: CalBRE Lic. ID 01860343

Lending Guidelines for MOR Financial

Below are the general loan guidelines published on the MOR Financial 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 MOR Financial.

Loan Example 1

MOR Financial makes a hard money loan to Stacie for a rehab project in Los Angeles, CA, on a property that is listed for $350,000. Because the lender agrees to a 75% loan-to-value, Stacie will need to put 25% down and the total amount of the loan will be $262,500. The loan is interest-only, with monthly payments, and is for 18 months at 9% interest with 2 origination points paid when the deal closes.

Accordingly, the borrower will have to make a $87,500 down payment plus pay a $5,250 origination fee. she must then pay $1,969 per month to MOR Financial. If Stacie meets her goal of a $525,000 sales price when the loan expires, she would pocket a gross profit of $134,313 after repaying the principle and deducting the cash she contributed at closing, the origination fee, and the total monthly interest payments.

Loan Example 2

Valarie is a an investor in Los Angeles, CA. She finds a run-down house for a renovation project and takes out a hard money loan from MOR Financial with the following features:

$160,000 purchase price
50% loan to value (LTV)
18 month term
9% interest rate
5% origination fee

After the renovation project is completed, if Valarie sells the house for $192,000, the numbers would be as follows:

$192,000 sales price
- $80,000 note principle (50% LTV)
- $80,000 cash paid at closing (50% on 50% LTV)
- $4,000 origination points (5% of the $80,000 principle)
- $10,800 total interest paid (18 months x 9% interest)
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= $17,200 total profit (does not include taxes or renovation costs)

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