California · Office
California office financing.
We do not fund office property in-house. California office deals are placed through our capital-partner network and reviewed case by case. What we fund directly in California is residential investment property, one to nine units, $1M to $5M.
By David Hodara · ·
No
Funded in-house
Partner network
Route
1-9 units
In-house box
$1M-$5M
In-house range
California office market context
Our in-house lending is residential: bridge, fix and flip, ground-up construction, renovation and DSCR on houses, 2-4 units, condos, townhomes, small buildings up to nine units, build-to-rent and rental portfolios. Office sits outside that box, so we place it through our capital-partner network on the partner's terms.
A small office building being converted to residential of up to nine units can be a different file: send the plan. Otherwise, the pages below describe what we fund directly in California.
What we fund directly in California
Each deal gets routed to the product structure that fits. Most office deals in California use one of the following.
California single family & 1-4 unit
Bridge, fix and flip, renovation and DSCR on houses and 2-4 unit property held for investment, $1M to $5M.
California ground-up construction
Spec houses and small residential buildings, up to 85% of cost, with a sale or DSCR refinance as the exit.
California small multifamily (5-9 units)
Fully residential buildings of five to nine units: bridge, renovation, ground-up, DSCR exit.
California office FAQ
Does Passy Capital fund office property in California?
Not in-house. Office deals are placed through our capital-partner network and reviewed case by case.
Can a foreign national finance office in California?
Not in-house. Office deals in California are placed through our capital-partner network, on the partner's terms. What we fund directly for non-US investors is residential investment property, one to nine units, $1M to $5M, lent to a US LLC on the same terms a US investor receives, with no US credit history required.
Got a California office deal? Send it over.
Term sheet inside 48 hours, or a fast no so you can move on. Business-purpose investment property financing only.