Private money loans, also known as "hard money loans," are primarily offered to real estate investors who are purchasing or refinancing a rental home or commercial property. Although the interest rates are higher than conventional or FHA mortgages, private mortgages don't require much documentation. The key factor in private money loans is equity. The maximum LTV (loan-to-value) is typically 70%. An investor who is purchasing an investment property must put down at least 30% in cash or equity in another investment property.

Real estate investors who are flipping houses, rehabbing or building properties typically use private money due to speed. Private money loans can fund in a matter of days. It's also easier for foreign nationals to get a private mortgage.

Nationwide Mortgage is a private money lender, and broker. At this time we offer private mortgages secured by properties in California only.

Private Money Lending Guidelines

  • Loan Amount: $20K to $10M
  • 1st, 2nd or 3rd Postion
  • Loan-to-Value: up to 75%
  • Loan-to-Cost: up to 80%
  • Loan Term: 6 months - 5 years
  • Rates Starting at 7.99% (9.99% APR)
  • Fees: 2-10 Points
  • Fast Funding - typically 5-21 days
  • Bad Credit OK
  • Mortgage Brokers Protected

Loan Types

  • Property Purchase
  • Equity Cash Out
  • 2nd or 3rd Position
  • Refinance
  • Rehab Fix & Flip
  • Buy, Rehab & Hold
  • Construction
  • Note Purchase
  • Discounted Loan Payoff

Property Types

  • Single Family Home
  • Condominium
  • 2-4 Units Residential
  • Multifamily 5+ Units
  • Retail
  • Office
  • Industrial
  • Raw Land
  • Hotels / Motels
  • Gas Stations
  • Senior Care Facilities

A borrower's primary residence may be used as collateral for an equity cash out loan if the funds will be used for a business purpose.