PDJ's Private Lenders Network

About PDJ's Private Lenders Network

PDJ's Private Lenders Network is a Simi Valley, CA based private money lender. They offer loans throughout Southern California. They provide rental property loans and fix and flip hard money loans. The focus of their loans is for single family residences and multi family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Southern California

Lending Guidelines for PDJ's Private Lenders Network

Below are the general loan guidelines published on the PDJ's Private Lenders Network 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 PDJ's Private Lenders Network.

Loan Example 1

PDJ's Private Lenders Network issues a hard money loan to Albert for a rehab project in Acton, CA, on a house that is listed for $290,000. The lender agrees to make a loan with a 70% loan to value (LTV) so they will loan $203,000 on the project. The deal also consists of these features: 1) a 12 month term, 2) a 13% interest only note, and 3) a three percent origination charge.

By the terms of the deal, Albert will be required to contribute a $6,090 origination fee plus 30% of the purchase price, or $87,000, since there is a 70% LTV. PDJ's Private Lenders Network will collect $2,199 in monthly interest from the borrower. This is computed by taking the total note amount of $203,000, multiplying that by the 13% interest rate, and then dividing that number by 12. At the end of the loan, he sells the renovated house for $362,500. After deducting the $26,390 in interest payments ($2,199 multiplied times 12 months), the $6,090 origination fee, the $203,000 principle amount on the loan, and the $87,000 he contributed to the closing, he will earn a gross profit of $40,020 ($362,500 sales price minus $322,480 in total costs). This profit would then be reduced by any renovation costs paid out of pocket.

Loan Example 2

Timothy takes a fix and flip loan from PDJ's Private Lenders Network so he can rehab a townhome to flip in Acton, CA. The loan has the following terms:

$340,000 sales price
60% loan-to-value (LTV)
6 month term
8% interest rate
1% origination fee

Once the rehab project is complete, if Timothy sells the property for $442,000, the final numbers would be as follows:

$442,000 sales price
- $204,000 principle on note (60% LTV)
- $136,000 cash paid at closing (40% on 60% LTV)
- $2,040 origination points (1% of the $204,000 principle amount)
- $8,160 interest payments (6 months x 8% interest)
-----------------------
= $91,800 gross profit (doesn't include taxes or rehab costs)

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