West Coast Lending

About West Coast Lending

West Coast Lending is a Temecula, CA based private lender who provides funding throughout the country. Their lending focus is mainly on commercial hard money loans. They provide loan amounts ranging from $50,000 to $100,000,000. They will make loans on most types of properties, including multi-family, apartment buildings, offices, retail units, hotels and motels, storage facilities, senior facilities, mixed use spaces, warehouses, industrial facilities, medical offices, and raw land.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land

Areas Served: National

Lending Guidelines for West Coast Lending

Below are the general loan guidelines published on the West Coast Lending 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 West Coast Lending.

Loan Example 1

Wade is an entrepreneur in Aurora, CO. He wants to acquire a new office space for his business but he is not able to obtain a conventional mortgage loan from his bank due to his subpar credit rating. He looks to West Coast Lending for a commercial hard money loan to fund the acquisition. Because the lender and borrower agree to a 85% loan-to-value (LTV), Wade will pay $49,500 toward the closing and the principle will be $280,500 since the price of the new building is $330,000. The lender also stipulates the following terms to the deal: 1) a 11% interest rate, 2) a 6 month length with interest-only payments monthly, 3) an origination fee of 4 percent paid by the borrower at the close, and 4) no penalty for pre-payment. Wade will be required to pay an origination fee of $11,220 and he will then start to make the interest payments of $2,571 ($280,500 principle amount x 11% interest / 12 months in a year). He may repay the note early if he chooses since there is not a pre-payment penalty but he will be responsible for paying off the full principle when he eliminates the loan.

Loan Example 2

Brett is a real estate investor in Tacoma, WA. He buys a run-down property for a rehab project and obtains a private money loan from West Coast Lending with the following terms:

$390,000 sales price
85% loan-to-value (LTV)
6 month term
12% rate of interest
3% origination fee

If Brett accomplishes his goal of a $546,000 sales price, the final numbers of the project will be the following:

$546,000 sales price
- $331,500 principle (85% LTV)
- $58,500 cash paid at closing (15% on 85% LTV)
- $9,945 origination points (3% of the $331,500 principle)
- $19,890 interest payments (6 months x 12% interest)
-----------------------
= $126,165 gross profit (does not include taxes or renovation costs)

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