MoolahList.com logo

Stonecrest Financial

San Jose, CA
NMLS 141656, CA DRE 01050197

The Stonecrest Difference

Founded in 1986, Stonecrest Financial is a private money lender located in San Jose, California.

They provide short-term bridge loans to real estate investors across California.

Unlike traditional bank loans, we focus more on the underlying value of the asset and the borrower's exit strategy rather than the borrower's credit score and income.

Since inception, they have underwritten over $1 billion in loans for both commercial and residential real estate.

They are direct private money lenders with no middlemen involved, ensuring you get a great interest rate with low fees.

Closing can be done in as quickly as 1 week.

What They Fund

  • Properties in California
  • 1st and 2nd Mortgages
  • Up to 65% LTV for 1st Lien
  • Up to 60% CLTV for 2nd Lien

What They Don't Fund

  • Loans Under $500K
  • Land Loans
  • Rehab Funding
  • Construction Funding
  • Consumer-Purpose Loans

Loan Programs

Bridge Loan

Enjoy the advantage of an all-cash buyer when negotiating and purchasing real estate.

65%
LTV
10.49% to 13%
Interest
$250k to $500k
Amounts
6 to 11 months
Term

Loan Guidelines

  • Funded in 5 to 15 days
  • 1.5 to 3 origination points

Eligible Property Types

  • Residential
  • Commercial

Requirements

  • 35% down required for purchase
  • Many property types considered
  • Credit check required
  • Appraisal required

Additional Details

  • Owner-occupied homes are ok if loan is for business purpose
  • No minimum income requirements
  • No requirement to pay off existing loans
  • Up to 100% of the purchase price

Why Borrowers Choose This Lender

  • Collateralize Multiple Properties
  • No Requirement to Pay Off Existing Mortgage
  • No Minimum Income Requirements