White Oak specializes in business purpose lending on non-owner occupied real estate of all types.
We currently only lends on properties located in California.
We currently only lends on properties located in California.
A private money lender is an investor who makes loans secured by real estate, typically charging higher rates than banks but also making loans that banks would not make, funding more quickly than banks and/or requiring less documentation than banks.
Private money lenders differ from bank lenders in that they often fund more quickly, with fewer requirements. Private money lenders are sometimes called “asset-based lenders” because they focus mostly on the collateral for the loan, whereas banks require both strong collateral and usually excellent credit and cash flow from the borrower.
Private money loans can have a number of advantages over traditional bank financing including:
Disadvantages of seeking a private money loan may include:
White Oak will lend on Residential and most Commercial property types, including but not limited to: 1 – 4 unit residential, 5+ unit multifamily, retail, industrial, office, mixed use, and special use case by case.
White Oak will NOT lend on contaminated properties nor raw land.