Security Financial Services

About Security Financial Services

Security Financial Services is a San Francisco, CA based private lender offering loans throughout San Francisco. They offer private refinancing, buy and hold loans, private commercial loans, and fix and flip loans. They provide rates ranging between 6.95% and 8.5%, terms between 1 year and 5 years, and loan amounts ranging from $100,000 to $2,250,000 with a maximum LTV of 75%. They make loans on all of the following property types: single family units, multi family residences, office buildings, retail spaces, industrial buildings, and mixed use buildings.

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

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

Areas Served: San Francisco

Lending Guidelines for Security Financial Services

Below are the general loan guidelines published on the Security Financial Services 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 Security Financial Services.

Loan Example 1

Security Financial Services issues a hard money loan to Erik for a renovation project in San Francisco, CA, on a house that is listed for $330,000. The lender agrees to make a note with a 50% loan-to-value (LTV) so they will loan $165,000 on the property. The parameters of the deal also stipulate a two point origination fee that is to be paid at closing and a 18 month, interest only note with a 8% rate of interest.

Erik will need to bring $165,000 at the closing (50% on the 50% LTV), plus he will pay the $3,300 origination fee. he must then pay $1,100 per month to Security Financial Services. If he sells the remodeled house for $495,000 at the end of the 18 month term, his total profit (not including remodeling costs) would be $141,900. This is computed by taking the sales price ($495,000) and subtracting the original principle ($165,000), the origination cost ($3,300), the money he contributed to closing ($165,000), and the total interest payments ($19,800).

Loan Example 2

Gabriel locates a duplex in San Francisco, CA to remodel and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Security Financial Services with the following parameters:

$160,000 sales price
60% loan-to-value (LTV)
12 month term
12% interest rate
1% origination fee

If Gabriel accomplishes his goal of a $232,000 sales price, the outcome of the project would be as follows:

$232,000 sales price
- $96,000 principle on note (60% LTV)
- $64,000 down payment (40% on 60% LTV)
- $960 origination points (1% of the $96,000 principle amount)
- $11,520 interest payments (12 months x 12% interest)
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= $59,520 gross profit (doesn't include taxes or renovation costs)

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