California and Florida - primary and secondary markets
Property Geographic Area Details
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MOR Financial
Long Beach, California
CA DRE Broker Lic. 01860343
$100,000 to $3,000,000
Loan Amounts
10.99% to 12.99%
Interest Rates
6 months to 60 months
Loan Terms
1% to 3%
Origination Fees
1st, 2nd
Lien Position
Direct Lender for Bridge Loans in California and Florida
Established in 2006, MOR Financial is a direct hard money lender that offers flexible lending for investment property deals. Our programs are customizable to meet each borrower’s needs. We specialize in purchase/refinance bridge loans secured by commercial real estate, residential investment properties and vacant land.
- Purchase & Refinance Bridge Loans
- Secured by Residential, Multifamily, Commercial Properties, Land
- Cannabis-Use Properties (in large metro areas)
- Land Loans in Urban and Suburban areas (up to 50% LTV)
- Flexible valuation options – BPO, desktop appraisal, etc.
- Loan terms up to 5 years
- 2nd Mortgages up to 65% CLTV (in California only)
- Primary Residence cash out loans OK if funds used for business/investment purpose
- For Florida deals, we are currently more conservative on leverage since it’s a newer market for us.
Please note: We do not offer loans for ground-up construction projects.
What we do:
- Investment Properties in California, Florida
- Residential Bridge up to 75% LTV
- Commercial Real Estate up to 65% LTV
- Cannabis-Use Properties up to 55% LTV
- Loan Terms up to 5 years
What we don't consider:
- Gap Funding
- Ground-Up Construction
- Special Purpose Properties
- Rural Areas
yes.
Minimum 550 FICO score required. Will pull credit but are more concerned with the asset, as we are an asset based lender.
Credit Check Required
no
Prepayment Penalty
7 Days
Typical Closing Time (Days)
Our Team