The Norris Group

Private Real Estate Loan

California real estate investors are finding it increasingly difficult to find funding for the real estate foreclosure, short sale, and trustee sale deals they are purchasing. The Norris Group has funded over $250 million for Southern California real estate investors since 1997 and we're growing.

Private money lending doesn't have to be difficult. As a private lender that works with professional rehabbers, The Norris Group is more interested in the deal and the investors liquidity that credit score. At the end of the day, we want to see our private hard money work for you, get the deal done, and make a profit for all parties involved.

We have two private real estate loans just for California investors and even have non recourse loans for investors looking to leverage their self-directed IRA accounts. 

California Hard Money Terms

Download Rate Sheet
	Rehabber/ Flipper	Refinance Rental	Rental Purchase	Build to Flip	Build to Hold
Term of Loan:	1 Year	8 Year	8 Year	1 Year	8 Year
Interest Rate:	12.5%*	9.9%	12.5%* to 9.9%	12.9%*	12.9%* to 9.9%
Prepayment Penalty:	NONE	2 Year	2 Year	NONE	2 Year
Loan to Value:	65%  ARV MAX	65% LTV MAX	65%  ARV MAX	65%  LTV MAX	65%  LTV MAX
Points:**	3.5 Pts Reduced Points for loans over $285,000	3.5 Pts (mininum $2,500)	3.5 Pts (mininum $2,500)	3.5 Pts (mininum $2,500)	3.5 Pts (mininum $2,500)
Misc. Fees:	$1,095	$1,095	$1,095	$1,095	$1,095
Appraisal Fee:	$375	$375	$375	$375	$375
Modification Fee:	N/A	N/A	$500	N/A	$500
Building Inspections:	N/A	N/A	N/A	4 x $200	4 x $200
Entities:	OK	OK	OK	OK	OK
IRA Loans:	OK	OK	OK	OK	OK
	Learn More	Learn More	Learn More	Learn More	Learn More

* 0.4% additional interest if investor is not opted in for direct deposit.
** Minimum $2,500 fee for orgination on all loans.
Discounted points apply only to Rehabber Loan.
All loan programs subject to change.