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About Rancho Ted
Based in San Diego, CA, Rancho Ted is a hard money lender providing loans in California. They provide fix-and-flip loans, commercial loans, loans for investments properties, and construction loans. Their loan guidelines are flexible, including rates ranging between 9% and 12% and loan amounts ranging from $50,000 to $10,000,000. They will make loans on most types of properties, including single family, multi family, apartment buildings, offices, retail storefronts, hotels/motels, storage buildings, assisted living communities, mixed use spaces, warehouse spaces, industrial facilities, medical buildings, raw land, and churches.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church
Areas Served: CA
Licenses: NMLS LIC # 335876, BRE # 01150452
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Lending Guidelines for Rancho Ted
Below are the general loan guidelines published on the Rancho Ted website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $50,000 - $10,000,000
Available Rates: 9% - 12%
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 DaysFix and Flip Loans
Loan Amounts: $50,000 - $10,000,000
Available Rates: 9% - 12%
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 DaysCommercial Hard Money Loans
Loan Amounts: $50,000 - $10,000,000
Available Rates: 9% - 12%
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 DaysNew Construction Loans
Loan Amounts: $50,000 - $10,000,000
Available Rates: 9% - 12%
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Rancho Ted.
Loan Example 1
Jessie closes on a $290,000 rehab project in Los Angeles, CA, using a fix and flip loan from Rancho Ted. The loan-to-value (LTV) on the deal is 70%. This means that Jessie will bring 30% of the sales price to the closing and the principle amount will be $203,000 on the deal. The terms of the deal also stipulate a three percent origination fee that will be paid at the closing and a 12 month, interest only note with a 11% interest rate.
Jessie will need to contribute $87,000 to the closing (30% on the 70% loan to value), plus he will have to pay the $6,090 origination fee. he must then pay $1,861 monthly to the lender. If Jessie accomplishes his goal of a $420,500 total sales price at the end of the loan term, he would pocket a gross profit of $102,080 after re-paying the principle amount and subtracting the cash he paid at closing, the origination fee, and the total interest payments.
Loan Example 2
Travis is a real estate investor in Los Angeles, CA. He finds a run-down townhouse for a remodeling project and obtains a private money loan from Rancho Ted with the following terms:
a) A $320,000 sales price, b) a 55% loan to value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 5% origination fee.
Once the rehab project is completed, if Travis sells the house for $480,000, the final numbers would be the following:
$480,000 sales price
- $176,000 principle (55% LTV)
- $144,000 cash paid at closing (45% on 55% LTV)
- $8,800 origination fee (5% of the $176,000 principle)
- $15,840 interest payments (12 months x 9% interest)
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= $135,360 gross profit (doesn't include taxes or rehab costs) -
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