We have funded several loans for California apartment house owners so far this year. Loans range from $250,000 to $2,500,000, we just need a current rent roll, property address and borrower information in order to issue a Letter of Interest. We only charge 2 points fee or less if the loan is over $1,000,000.00. Smaller loans just 2.25 points fee. We have been in business since 1979. Most times we can fund without an appraisal, if you want a higher Loan-to-Value (above 60%, then yes, we need a quick drive-by appraisal). We typically take only 5 business days to fund. Call, click or e-mail us your scenario and you’ll get a fast response.