WELCOME TO LONE OAK FUND
California's Bridge Lender
Over
$1 Billion in Capital
Over
JOIN THOUSANDS OF CALIFORNIA'S TOP BROKERS
Founded in 2003, Lone Oak Fund has grown to be one of the top private money lenders in California. Our brand is equated to speed, reliability, and fairness. Our founders' expertise is backed by years of experience in lending, development, investing, management, and real estate law.
The Lone Oak program is simple and straightforward:
Short-term first trust deeds with no prepayment penalty, no hidden costs, and interest rates below many of our competitors.
Backed by a $1.3B Fund
We’re a direct lender with capital available to lend when you need it. Because our fund is backed by hundreds of investors, there is no need to source money for each deal. Close quicker with no unnecessary delays.
Fast Decisions
When a deal is sent to Lone Oak Fund, it is processed immediately and sent directly to the loan committee. We underwrite and make all decisions in-house, and never require appraisals, so there is nothing to slow us down.
Creative Terms
Whether you need a loan for two years or just a month, we’re ready to help. There is never a prepayment penalty, so you don't need to worry about unexpected costs if plans change.
FIRST TRUST DEEDS
Multifamily | Industrial | Office | Retail
Mixed-Use | Non-Owner Occupied Residential
First Trust Deeds on California Investment Real Estate
Loan Amounts
We lend up to 60% LTV with loan sizes between $1,000,000 and $25,000,000. Need higher leverage? We have strong relationships with trusted 2nd trust deed lenders who have proven their ability to close on time. We can also cross-collateralize additional real estate if needed.
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Rates and Fees
Our rates range from 8.90% to 9.90% and our fees from 0.25 point to 2.00 points, depending on term length and loan size. These are real rates and fees; no surprises here
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Loan Maturities
As a short-term lender, most of our loans are for 12 months, but we can go as short as 1 month and as long as 24 months. We’re also happy to offer built-in extension terms for the borrower’s convenience and peace of mind.
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Loan and Property Types
We are the solution for either a time-sensitive acquisition or an urgent cash-out refinance. We can lend on multifamily, industrial, office, retail, mixed-use, and non-owner occupied residential.
Say goodbye to...
Appraisals
Our team does its own internal valuations and never needs an appraisal to get a loan approved.
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Sourcing Funds
With our unleveraged fund, you never have to worry about a last minute scramble to source capital. When we issue terms, we are ready to make the loan.
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Yield Maintenance
"Guaranteed interest earned” and “yield maintenance” sound like different ways to say “prepayment penalty" to us. We never require any of these.
Personal Guaranties
Sometimes a personal guaranty can be a dealbreaker. Forget about them with Lone Oak Fund.
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Prepayment Penalties
Pay us off at maturity, two weeks after funding, or whenever the situation changes requires – you’ll never have a prepayment penalty.
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Retrading Terms
We hear about other lenders changing their terms at the last minute, leaving you with an angry borrower. Our loan documents will share the same terms as our Letter of Intent.
Lending Parameters
INTEREST RATES
8.90% - 9.90% interest only
LOCATION
California only
LOAN TO VALUE
Up to 60% LTV
TYPES OF LOANS
Acquisition, Refinance and Cash-Out
LOAN DURATION
1 - 24 months
LIEN POSITION
LOAN AMOUNTS
$1,000,000 - $25,000,000
PERSONAL GUARANTY
Not Required
ORIGINATION FEE
0.25 -2.00 points, depending on loan size and length of term
TYPES OF PROPERTIES
Multifamily, Industrial, Office, Retail, Mixed Use, and Non-Owner Occupied Residential
EVALUATION / PROCESSING FEE
From $750 per property, depending on location and property type
PREPAYMENT PENALTY / YIELD MAINTENANCE
None
Featured Transactions
TALK TO US. WE'RE HERE TO HELP.
Loan Origination Team
What clients are saying
“Thank you, Suzie. I’m astounded you and the entire Lone Oak team were able to turn this so quickly. I’ll be singing your praises to anyone who listens.”
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Robert Shallenberger
VP, Quantum Capital Partners, Inc.
“Thanks again for funding so fast and closing this property. It has made our dreams a reality.”
Bill Reider
General Manager, The Calvert Studios
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“Working with Tyler was fantastic. He did an amazing job throughout the loan process. He made it incredibly easy and I can’t wait to work with him again.”
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Jason Cole
Managing Director, CAG
