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Persevere Lending

Privately Funded Alternative Real Estate Loans. Strategic and Efficient Loan Programs for Residential & Commercial Properties, and Land in Select Locations

Line of Credit
Line of Credit California

Property Types 2-4 Units, Condo, SFR
Lendding Area california
Loan amount Minimum $50,000
Loan amount Maximum $2,500,000
General Pricing or Guideline info A Persevere Lending Line of Credit can give you the flexibility and financing power you need to access capital strategically and efficiently in order capitalize on your investment opportunities.​ • $50,000 to $2,500,000 • Min. Draw: 5% of total credit line • Max. Draw: 20% of total credit line • Min. Draws per month: 1 • Max. Draws per month: 4 • Business days for draws to be processed: 5 • Draw Fee: $500 ​ Line replenishment is only accepted and credited on the last of the month. Interest is charged on only total amount disbursed as of the 1st of every month.
Updated as of 2022-01-01
Program Code LG54

Construction Loan
Construction California

Property Types 2-4 Units, SFR
Lendding Area california
Loan amount Minimum $50,000
Loan amount Maximum $5,000,000
Interest Rate Minimum 9.5%
Points Minimum 1st TD 1.5
Terms 1 year, 18 month
General Pricing or Guideline info Rehab & Construction Rehab and construction loans are an attractive option for investors who are adding value to the subject property and want to leverage the existing and/or projected equity as opposed to coming out of pocket for the improvements. ​ Loan amounts are determined by analyzing the current valuation and equity in the property, the scope of work and budget, and the after-repair value (ARV).
Updated as of 2022-12-24
Program Code LG49

Bridge Loan
Owner Occupied Bridge

Property Types Condo, SFR
Lendding Area california
Loan amount Maximum $15,000,000
Terms 1 year
Intended Occupancy Owner Occupied Primary Residence
Updated as of 2022-01-01
Program Code LG56

Rehab Loan
Construction Rehab

Property Types 2-4 Units, SFR
Lendding Area california
Loan amount Minimum $50,000
Loan amount Maximum $5,000,000
Interest Rate Minimum 9.5%
Points Minimum 1st TD 1.5
Terms 1 year, 18 month
General Pricing or Guideline info Rehab & Construction Rehab and construction loans are an attractive option for investors who are adding value to the subject property and want to leverage the existing and/or projected equity as opposed to coming out of pocket for the improvements. ​ Loan amounts are determined by analyzing the current valuation and equity in the property, the scope of work and budget, and the after-repair value (ARV).
Updated as of 2022-12-24
Program Code LG55

Summary of all Guidelines

Loan Types Bridge Loan, Construction Loan, Hard Money Loan, Investment property Line of Credit, Rehab Loan
Property Types 2-4 Units, SFR
Lendding Area california, tennessee
Loan amount Minimum $50,000
Loan amount Maximum $15,000,000
Interest Rate Minimum 9.5%
Points Minimum 1st TD 1.5
Terms 1 year, 1.5 years
Interest Only or Amortized Interest Only
LTC Construction 80
LTC Rehab 80
Percentage of Budget Financed - Rehab 100
LTC Percentage of Budget Financed 100
NMLS ID 366083

Privately funded loans are more expensive for the borrower than traditional, bank financing, however, there are many benefits such as:

1. Speed: Private loans can close in a fraction of the time it takes a bank loan to close. This is important for critical and/or opportunistic situations.

2. Efficiency: We do not require redundant, tedious and often times unnecessary documentation. Our underwriting is transparent and logical, two characteristics often times not found in institutional underwriting!

3. Direct Service: There is no loan committee. We can issue loan approvals upon a site inspection in most cases. We either act as or deal directly with the capital source.

4. Flexible Terms: We understand that these loans are designed to be interim solutions, and will not impose difficult and constraining terms.

5. Creativity: We have vision and are not bound by banking restraints. We look forward, not backwards. Cross-collateralization, blanket mortgages, and interest reserves are just a few of the creative ways private money loans can unlock the potential of your real estate asset.

6. Bankruptcy and Foreclosure bailouts: Past issues are not as relevant as current collateral value and equity strength. A poor borrower in the banks' eyes can be a great borrower for us.

7. No Verification Issues: Many self-employed, entrepreneurial borrowers who do not document their true income capacity on their tax return are being shut out by banks due to verification guidelines. Good borrowers with strong credit, assets, and cash flow are having a difficult time getting a loan. We do not have cumbersome debt-to-income ratio requirements. If we can substantiate the equity and we feel comfortable with your ability to make the payments and ultimately pay the loan off, we will provide a loan for you.

Persevere Lending is located in Danville, CA. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans, Investment property Line of Credit and Rehab Loans. The property type they primarily lend against is SFR and 2-4 Units. Their minimum loan amount is $50,000. Their maximum loan amount is $15,000,000. Maximum duration of 1 year;1.5 years. Although rates can change they are typically lending at a minimum rate of 9.5%. Points charged are deal specific, but historically have charged a minimum of 1.5.

These descriptions are limited information and meant for general reference purposes.
600 San Ramon Valley Blvd #202,
Danville, 
CA
 94526
California DRE License #02113649