A Private Money Lender That Decides
1st Private Capital is a direct private money lender for real estate investors. We underwrite the property, the equity and the plan, issue the term sheet instantly, and close in 2 weeks, on every stage of the deal: buy it, fix it, build it, keep it.
Headquartered in Tarzana, Los Angeles. Lending in 40 states. Business-purpose loans on investment and commercial real estate only.
Private money is capital that answers to the deal.
A bank lends someone else's money under someone else's rules, so the file has to fit a box: two years of returns, a debt-to-income ratio, a seasoning period, a committee. A private money lender lends its own capital under its own rules, so the question becomes a simpler one. Is this a good loan on this property, with this equity, for this plan, with this exit?
That is the whole difference, and it is why investors use private money. The property that needs work, the seller who will only take a fast close, the borrower whose income is on a K-1 instead of a W-2, the building that is half leased: these are ordinary files here and impossible ones at a bank.
It is also why speed is real rather than advertised. When the decision is made in the building, the timeline is set by title, escrow and the appraisal, not by a process. Every loan gets an instant term sheet and closes in 2 weeks.
One private money lender for the whole plan.
Buy like cash, refinance maturing debt, or pull equity for the next deal. 12 months, interest only. Bridge loans.
The purchase and the renovation in one loan, drawn as the work completes. 10% down with experience. Fix and flip loans.
Land and the build together for builders with completed projects behind them. Construction loans.
30-year financing qualified on the rent, one property or a portfolio. DSCR loans.
Term loans on the buildings a rental program will not touch. Commercial loans.
Listings where the seller wants cash or hard money, priced with our money. Hard money opportunities.
Five things we look at. None of them is a tax return.
- The property. What it is worth today, what it will be worth when the plan is done, and what it takes to get there.
- The equity. Your down payment or the equity already in the property. Real skin in the game is what makes a loan strong and a decision fast.
- The plan. A flip, a hold, a build, a reposition. The loan is shaped to the plan, not the other way around.
- The exit. A sale or a refinance, with the numbers to support it. Every loan has a defined way out before it closes.
- You. Your experience sets leverage on fix and flip; a credit score moves the price on rental and term loans. Nothing is pulled to price a deal.
Nationwide, direct, and priced in a minute.
We lend in 40 states, from our office in Tarzana, Los Angeles. Every state has its own page with the programs that run there and the listings in the book right now: California, Texas, Florida, New York and the rest, plus metro pages for Los Angeles, Dallas-Fort Worth, Miami and more.
Pricing is not a phone call. Price a Deal gives you the program, the rate, the maximum loan and the payment on your own numbers, in a chat, in about a minute, and issues the term sheet when you say so. The rates and requirements page lists what every program costs and what it takes to qualify.
Private money lending, answered straight.
What is a private money lender?
A private money lender lends its own or privately raised capital on real estate, making its own credit decisions instead of selling loans into a bank or agency program. That is why a private money lender can underwrite the property and the deal instead of the borrower's tax returns, and why it can close in weeks instead of months.
Is a private money lender the same as a hard money lender?
Largely, yes. "Hard money" is the older term for the same asset-based lending; "private money" is the same product described by where the capital comes from. 1st Private Capital is both: a direct private money lender making hard money loans.
What loans does a private money lender make?
Ours: bridge loans to acquire or refinance, fix and flip loans that fund the renovation, ground-up construction loans, 30-year DSCR rental loans, and commercial and mixed-use term loans. All business purpose, all on investment real estate.
How do you qualify with a private money lender?
On the deal. The property, the equity you bring, the plan and the exit are what we underwrite. A credit score is asked for and moves the price on some programs; your experience sets the leverage on fix and flip. We do not need tax returns or a debt-to-income ratio.
How fast can a private money lender close?
We issue an instant term sheet and close in 2 weeks. In major California markets a purchase can close in 3 days with 35% down and no appraisal.
Where do you lend?
In 40 states. The Where We Lend page lists every one, with a page for each state and its live deals.
Do private money lenders work with brokers?
Yes. Brokers price and submit deals in our platform, keep their own points in full, and can be named on the term sheet as broker of record. See the broker page.
Talk to the Lender, Not a Desk.
Price the deal, get the term sheet, close in 2 weeks. (323) 304-4978 if you would rather talk first.