Stonecrest Financial

Santa Clara, CA·Founded 1986·1 state

Stonecrest Financial primarily lends against California real estate. For its consumer bridge program, the departing residence securing the loan must be in California, although the borrower may purchase a replacement primary residence in another state under an eligible structure.

Stonecrest Financial describing itself

Loan programs

Bridge

Maximum leverage

Max LTV 65%Max LTP 65%

Also offers— no published terms

Commercial Fix & Flip Land & Lot Multifamily Rental Portfolio / Blanket

Terms & qualification

Typical loan size: $500K – $10M
Typical term: 11 mo
Interest rate: 10.49% – 12.99%
Origination / points: 1.5% to 3%
Lien position: May be first, second, or certain junior positions on the departing property
Prepayment penalty: None on consumer bridge loans or private equity lines of credit
Payment structure: Interest-only payments
Recourse: Sometimes
Closing speed: 15 days typical · 5 days fastest
Cross-collateral: Yes
Equity / JV capital: No
Income documentation: Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application
Borrower entity: Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation, Self-Directed IRA

Property types

2–4 Unit Residential Condo / Townhome / PUD Hotel / Hospitality Industrial / Warehouse Mixed-Use Mobile / Manufactured Multifamily (5+)Office Single-Family (SFR)Retail

Lending footprint

Explicitly excluded: CA