Loan Rates & Terms

Persevere Lending offers strategic, creative, and efficient loan programs for residential and commercial properties, and land in select locations.

Loan Amounts - $50,000 to $15,000,000

Loan Terms - 12 to 18 months, interest only

LTV - Up to a maximum of 75%. However, most deals are 65% and under. 40-50% maximum for land.

2nd Position Loans - Contingent on the following factors:
• Balance Ratio (1st to 2nd) can not exceed 4 or 5 to 1
• 1st must be a low, fixed rate conventional loan in good standing
• Maturity date of the 1st must be well beyond our maturity date

Fixed closing costs $2,950 - (Does not include Title/Escrow fees.) The costs of any 3rd party reports must be paid upfront. Loan extensions are contingent on stable market value and satisfactory payment history. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Location - We are located in the East Bay of Northern California and have a strong investor presence in all the surrounding counties. We are licensed and active statewide in California and Tennessee, and have broker alliances in Hawaii, Nevada, Oregon, Colorado, Washington, Idaho, Alabama, Texas, New York, and Florida.

Speed - While we have closed loans within 48 hours from submission, however, the average closing takes 7-10 business days upon receipt of a complete due diligence package.

Advantages of Private Lending:

Speed & Efficiency
Flexible Terms
No Verification Issues
Not Based on Credit Score
Bankruptcy & Foreclosure Bailouts
Personal & Professional Service

Rates/Fees - TBD. Current pricing parameters/general terms/conditions below are based on 12-month terms. The rate & fee ranges are not set in stone and will be modified based on the circumstances of each file. We will evaluate every deal independently. Financial strengths of the borrower, their creditworthiness, their overall qualifications, and the quality and desirability of the proposed collateral, remain the determinant factors of our final proposal.

General Rates & Fees as of March 2024

1st position loans
LTV / Rate / Points
Up to 50% | Prime + 2.00 | 1.5
51-55% | Prime + 2.50 | 2.0
56-60% | Prime + 3.00 | 2.5
61-65% | Prime + 3.50 | 3.0
66-70% | Prime + 4.50 | 3.5

2nd position loans
LTV / Rate / Points
Up to 50% | Prime + 5.00 | 3.5
51-55% | Prime + 5.50 | 3.5
56-60% | Prime + 6.00 | 4.0
61-65% | Prime + 6.50 | 4.5
66-70% | Prime + 7.00 | 5.0

Land loans (1st position only)
LTV / Rate / Points
Up to 35% | Prime + 4.50 | 3.0
Up to 40% | Prime + 5.00 | 3.5
Up to 45% | Prime + 5.50 | 4.0
Up to 50% | Prime + 6.00 | 4.5

Loan Rates & Terms

Persevere Lending offers strategic, creative, and efficient loan programs for residential and commercial properties, and land in select locations.

1st position loans
LTV / Rate / Points
Up to 50% | Prime + 2.00 | 1.5
51-55% | Prime + 2.50 | 2.0
56-60% | Prime + 3.00 | 2.5
61-65% | Prime + 3.50 | 3.0
66-70% | Prime + 4.50 | 3.5

2nd position loans
LTV / Rate / Points
Up to 50% | Prime + 5.00 | 3.5
51-55% | Prime + 5.50 | 3.5
56-60% | Prime + 6.00 | 4.0
61-65% | Prime + 6.50 | 4.5
66-70% | Prime + 7.00 | 5.0

Land loans (1st position only)
LTV / Rate / Points
Up to 35% | Prime + 4.50 | 3.0
Up to 40% | Prime + 5.00 | 3.5
Up to 45% | Prime + 5.50 | 4.0
Up to 50% | Prime + 6.00 | 4.5

Let us Review

Your Deal!

Email Damon Bowers Now

Loan Rates & Terms

Persevere Lending offers strategic, creative, and efficient loan programs for residential and commercial properties, and land in select locations.

1st position loans LTV / Rate / Points Up to 50% | Prime + 2.00 | 1.5 51-55% | Prime + 2.50 | 2.0 56-60% | Prime + 3.00 | 2.5 61-65% | Prime + 3.50 | 3.0 66-70% | Prime + 4.50 | 3.5

2nd position loans LTV / Rate / Points Up to 50% | Prime + 5.00 | 3.5 51-55% | Prime + 5.50 | 3.5 56-60% | Prime + 6.00 | 4.0 61-65% | Prime + 6.50 | 4.5 66-70% | Prime + 7.00 | 5.0

Land loans (1st position only) LTV / Rate / Points Up to 35% | Prime + 4.50 | 3.0 Up to 40% | Prime + 5.00 | 3.5 Up to 45% | Prime + 5.50 | 4.0 Up to 50% | Prime + 6.00 | 4.5

Let us Review

Your Deal!

Email Damon Bowers Now

1st position loans
LTV / Rate / Points
Up to 50% | Prime + 2.00 | 1.5
51-55% | Prime + 2.50 | 2.0
56-60% | Prime + 3.00 | 2.5
61-65% | Prime + 3.50 | 3.0
66-70% | Prime + 4.50 | 3.5

2nd position loans
LTV / Rate / Points
Up to 50% | Prime + 5.00 | 3.5
51-55% | Prime + 5.50 | 3.5
56-60% | Prime + 6.00 | 4.0
61-65% | Prime + 6.50 | 4.5
66-70% | Prime + 7.00 | 5.0

Land loans (1st position only)
LTV / Rate / Points
Up to 35% | Prime + 4.50 | 3.0
Up to 40% | Prime + 5.00 | 3.5
Up to 45% | Prime + 5.50 | 4.0
Up to 50% | Prime + 6.00 | 4.5