SJ Morgan Private Lending

About SJ Morgan Private Lending

SJ Morgan Private Lending is a Modesto, CA based hard money lender. They offer loans in California. They provide fix-and-flip loans and commercial hard money loans. They provide terms up to 6 months and rates ranging between 12% and 14%. They will make loans on numerous types of properties, including single family units, multi family residences, apartments, office units, retail units, hotels/motels, storage buildings, assisted living facilities, mixed use buildings, raw land, churches, warehouses, and industrial buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial

Areas Served: CA

Licenses: BRE#01979578, NMLS#1569114

Lending Guidelines for SJ Morgan Private Lending

Below are the general loan guidelines published on the SJ Morgan Private Lending website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by SJ Morgan Private Lending.

Loan Example 1

Jeanine takes a fix-and-flip loan from SJ Morgan Private Lending in order to remodel a duplex to flip in Los Angeles, CA. The list price of the house is $150,000. Since the lender agrees to a 75% loan to value, Jeanine will need to put 25% down and the amount of the loan will be $112,500. The parameters of the deal dictate a 10% note for 12 months. They also stipulate a 3 point origination fee, that will also be paid at closing.

In accordance with the terms of the loan, Jeanine will be required to pay a $3,375 origination fee plus 25% of the sales price, or $37,500, based on the 75% LTV. SJ Morgan Private Lending will collect $938 in monthly interest from the borrower. This is computed by taking the total loan value of $112,500, multiplying that by the 10% rate of interest, and then dividing that number by 12. If Jeanine sells the project for $195,000 after 12 months, she would make a gross profit of $30,375 after deducting the principle amount of $112,500, the funds paid at closing of $37,500, the origination fee of $3,375, and the aggregate interest payments of $11,250. This amount does not account for building costs.

Loan Example 2

Morris finds a duplex in Los Angeles, CA to rehab and sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from SJ Morgan Private Lending with the following parameters:

$270,000 sales price
50% loan to value (LTV)
6 month term
10% rate of interest
4% origination fee

Morris intends to sell the project at the end of the term for $391,500. If he achieves this goal, the outcome will be the following:

$391,500 sales price
- $135,000 loan principle (50% LTV)
- $135,000 down payment (50% on 50% LTV)
- $5,400 origination fee (4% of the $135,000 principle)
- $6,750 interest payments (6 months x 10% interest)
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= $109,350 total profit (does not include taxes or rehab costs)

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