When it comes to a residential bridge loan, our underwriting decisions are based on the borrower’s hard assets. This means that residential real estate will be used as collateral for the transaction. At Renew Capital, we can close the loans of this type quickly, pending the qualification of the underwriting guidelines.
We are different from both conventional banks and other private money lenders in our approach. We believe in partnering with those who seek our help and provide a world-class experience, whether your funding is approved or not. Owning investment property in today’s market climate is a feat to be acknowledged, and we value those who come to us by working with them in a professional and empathetic manner.
Bank | Renew Capital | |
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Loan Approval Factors | Creditworthiness, income level, financial statements, tax returns, property value, etc. | Only residential property assets |
Required FICO Score | Over 700 | Not considered |
Documentation Requirements | Strict | Only property documentation |
Upfront Costs | Loan application costs, appraisal fees, etc. | None |
Types of Collateral | Investment or owner-occupied properties with the cap rate | Only residential investment properties which are not the owners’ primary residence |
Loan Approval Time | Over 60 days | Up to 10 days |
At Renew Capital, we take pride in making a difference in the field of lending, which can be used to your advantage. Do not miss the opportunity that is open to you! Count on your trusted residential hard money lender in Southern California and finance your future with us!
INTEREST RATES STARTING AT | 7.99% interest only |
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LOAN TO VALUE | 60% LTV |
COMBINED LOAN TO VALUE | 75% CLTV (Refer to 2 nd Trust Deed Parameters) |
LOAN AMOUNTS | $50,000 – $2,000,000 |
ORIGINATION FEE | 0.50 – 2.0 points, depending on loan size and term |
LOAN AMOUNTS | $50,000 – $20,000,000 |
ORIGINATION FEE | 2.0 – 4.0 points, depending on loan size and term |
EVALUATION/PROCESSING FEE | $995 |
LOAN MATURITIES | 1 to 24 months (extensions available) |
LOCATION | California only |
TYPES OF LOANS | Acquisition, Refinance and Cash-Out |
TYPES OF PROPERTIES | Business Purpose and Non-Owner Occupied residential, multifamily, retail, office, industrial, vacant buildings and entitled land |
LIEN POSITION | First Trust Deeds |
PERSONAL GUARANTEE | Required |
PREPAYMENT PENALTY | 0 – 6 months upon loan approval |
INTEREST RATES STARTING AT | 10.99 interest only |
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COMBINED LOAN TO VALUE | 75% CLTV |
LOAN AMOUNTS | $50,000 – $2,000,000 |
ORIGINATION FEE | 2.0 – 4.0 points, depending on loan size and term |
LOAN AMOUNTS | $50,000 – $20,000,000 |
ORIGINATION FEE | 2.0 – 4.0 points, depending on loan size and term |
EVALUATION/PROCESSING FEE | $995 |
LOAN MATURITIES | 1 to 24 months (extensions available) |
LOCATION | California only |
TYPES OF LOANS | Acquisition, Refinance and Cash-Out |
TYPES OF PROPERTIES | Business Purpose and Non-Owner Occupied residential, multifamily, retail, office, industrial, vacant buildings and entitled land |
LIEN POSITION | Second Trust Deeds |
PERSONAL GUARANTEE | Required |
PREPAYMENT PENALTY | 0 – 6 months upon loan approval |
If so, you’ve come to the right place.
We are Renew Capital and we’re here to help you create Wealth
ONE OF CALIFORNIA’S PREMIER PRIVATE REAL ESTATE INVESTMENT FIRMS
Renew Capital offers great opportunities to progressive investors who seek attractive risk-adjusted returns, short-funding timelines, and strategies that are difficult to execute for larger investment management companies. We leverage our deep market knowledge and keep abreast of the long-term demographic and housing trends, utilizing the favorable trends to earn above-average returns for our investors.
We save you time, money and effort by leveraging our professional network and reputation to bring you high-yield investment opportunities.
If so, you’ve come to the right place.
We are Renew Capital and we’re here to help you create Wealth
ONE OF CALIFORNIA’S PREMIER PRIVATE REAL ESTATE LENDERS
Renew Capital offers significant benefits to brokers who partner with us to provide effortless and speedy loans to their clients. We offer straightforward rates and terms, decisions within 24 hours, and unrestricted broker fees so you can earn income on all future transactions.
We save you time, money and effort by leveraging our professional network and reputation to bring you high-yield lending opportunities.
If so, you’ve come to the right place.
We are Renew Capital and we’re here to help you create Wealth
ONE OF CALIFORNIA’S PREMIER PRIVATE REAL ESTATE LENDERS
Renew Capital offers beneficial short-term loans to responsible clients who appreciate quick processing, flexible underwriting guidelines, and approval through private money lenders vs. institutions. We focus on your assets and collateral with less scrutiny on income or credit history. What sets us apart from the competitors is our ability to fund commercial and residential transactions aggressively and efficiently.
We save you time, money and effort by leveraging our professional network and reputation to bring you high-yield lending opportunities.