Streit Lending

We are direct private bridge lenders.  We fund all of our loans using our own balance sheet.  We do not use any 3rd party capital.  If you need quick financing or can't get a loan from the bank, please contact Auri Streit at 818-787-6940 or auri@streitlending.com.  For more information, please visit our website: www.streitlending.com.

Loan Criteria

Loan types:                   First and second trust deeds.

Interest rates:                Starting at 8%.

Loan Amounts:              $350,000 - $5,000,000 ($1,000,000 minimum outside of California).

LTV:                             Generally up to 60%.  Higher Selectively.

Property Type:              Commercial and Residential (business purpose).

Location:                      California, the Western, Midwestern & Southern United States.

Term:                            Up to 2 years.

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Do you offer small loans for short periods of time if we were willing to pay a higher interest rate?

Hi Jeffrey, 

In general, our minimum loan size outside of California, where we are based, is $1m.  In California, our minimum loan size is $300,000.  We have never made a loan for less than that amount.  How small of a loan are you looking for?

Regards, 

Auri

Hello Auriel I saw your posting on the real estate finance site.  I have a sea side hotel located in CA, the hotel has 27 rooms all ocean view and right on the beach.  The owner is 70 years old and wants to retire, she has the property listed at 5.2m.  We have negotiated a seller price of 4.65m of which she will be carrying a 30% owner financed note which is 1.5m.  We are seeking funding of 3.25m  to purchase the property which also comes with a operating restaurant that is cash-flowing.  We will not be running the restaurant but will be leasing it to a operator that has another restaurant in the area.  We are closing on a 382 unit apartment complex in TN and do not have any additional funds for this.  We do have it under contract with no money down.  The offer has been accepted.  Can you help with this loan?  

 

Please send email to l.and.lenterprisesinc@gmail.com

 

Thank you

Frank

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