Trust Deed Investor for California Real Estate Investors
The Brookline Group offers business purpose loans to real estate investors in all counties throughout California as an investment for its own account. Loan-to-value ratios are very conservative (up to 55% LTV), but most loans do not require an appraisal. Most of our loans are equity cash out refinance, and some are purchase loans. Will consider raw land if the LTV is under 25%.
Please note: we do not offer loans for ground-up construction or consumer purposes.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Property Types
- 2-4 Units Residential
- Commercial Condominium
- Commercial Land
- Equestrian
- Gym
- Industrial
- Manufactured Home
- Mixed-Use
- Mobile Home Park
- Motel
- Office
- Parking Lot
- Portfolio of Residential Properties
- RV Park
- Residential Land
- Retail
- Single Family Residence
- Student Housing
Loan Types
- Private Money
- Hard Money
- Residential Bridge
Specialty Loan Types
- 2nd Mortgage Equity Cash Out
- 3rd Mortgage Equity Cash Out
- Foreclosure Bailout
- Land Development
- Partner Buyout
- Primary Residence Bridge
- Primary Residence Business Purpose Cash Out
Junior Lien Loan Amounts
$50,000 to $1,200,000
Junior Lien Interest Rates
8% to 12.5%
Junior Lien Loan-to-Value
50%
Junior Lien Loan-to-Cost
55%
Junior Lien Origination Fees
1% to 5%
We Fund Junior Position Loans
Often
Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
Land Types Considered
- Residential Land
- Multifamily Land
- Office Land
- Retail Land
- Special Purpose Land
Will Consider Land That is NOT Entitled
yesExisting Land Improvements Required
- Street Access
Max LTV for Land
25%Max LTC for Land Acquisition
30%Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
Max Loan-to-Purchase Price
60%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Equity in Primary Residence
- Seller Financing
- Family
Escrow Fee
Can act as own escrow if no payoffs are involved, thus saving escrow fee
Fees which are mandatory for all new borrower clients
- Documents Fee
- Title Fee
Fees which are paid to a third party company
- Documents Fee
- Escrow Fee
- Title Fee
The Brookline Group Testimonials
Richard B. from Fresno, CA
"I contacted Michael at the Brookline Group in early June, providing him with the documentation for a equity business loan. In just a few minutes of talking with me about my desired terms for the loan, he quoted me the total origination cost of the loan and the interest rate. He also advised me that based on my loan to value, he would not burden me with the cost & inconvenience of an appraisal. Without request, he immediately emailed the terms from our conversation, providing me with the peace of mind of memorializing our conversation in writing. During the funding process, he would consistently provide the forms for my review, and take the time to fully address any question that I had. As he stated in one of our many conversations "There is no such thing as a stupid question", providing a level of personal service that one rarely finds today. In addition, the escrow company that he used was also very helpful in assisting me complete the paperwork necessary, taking the time to explain everything. Based on my experience, I would enthusiastically recommend them to anyone in search of funding."
Review from Yelp
Martin W. from West Hills, CA
"For several years now The Brookline Group has been my go-to lender for my real estate investment projects. As a RE investor I'm sort of an obsessive shopper, always looking for the best values. After extensive research I found that The Brookline Group is well ahead of the pack when it comes to just that: offering best value. Their speed (essential), ease of transaction (less headaches), their competitive rates, as well as their "no BS fees" which so many other lenders so often end up charging unexpectedly, set them apart and well ahead of the pack. It's been a pleasure working with them on the many projects we've done together and I'm already looking forward to working with them again on my next projects."
Review from Yelp
Brenda T., Realtor
"As a Real Estate Agent, I need to know that my clients are in good hands. I have referred numerous clients to The Brookline Group and received nothing but praises from my clients. The Brookline Group has gone over and beyond their expectations. They could not believe how fast and painless their loan process was. Anyone that works with them will be completely satisfied. I will continue to refer The Brookline Group to my clients as well as my friends and family as they have never let me or their clients down. The Brookline Group is the best in the lending industry, bar none."
Review from Google
Siamak A.
"The Brookline group, and the owner Mr. Klemens, has been a pleasure to work with. He is absolutely a life saver. I started with a short term loan for a remodel of a house. His terms and fees were reasonable. He worked with me to get exactly what I need. My project took a little longer that I have anticipated, so Mr. Klemens stepped in and extended my terms to my needs which gave me the freedom to take my time and finish the remodel and sell the house in time. I definitely recommend him to anyone that needs any kind of loan."
Review from Google
Michael L.
"I have had a number of hard money loans through the Brookline Group and I would highly recommend them. If you're looking for a loan at a reasonable rate I would suggest calling Mike at the Brookline Group. He's exceptionally knowledgeable, fast and easy to work with. You won't be disappointed. A very happy and loyal customer."
Review from Google
Maarten W.
"For several years now The Brookline Group has been my go-to lender for my real estate investment projects. As a RE investor I’m sort of an obsessive shopper, always looking for the best values. After extensive research I found that The Brookline Group is well ahead of the pack when it comes to just that: offering best value. Their speed (essential), ease of transaction (less headaches), their competitive rates, as well as their “no BS fees” which so many other lenders so often end up charging unexpectedly, set them apart and well ahead of the pack. It’s been a pleasure working with them on the many projects we’ve done together and I’m already looking forward to working with them again on my next projects."
Review from Google
TMA Design
"I recently worked with The Brookline Group to refinance and found their creative use of a wrap loan quite smart. The payments remained the same and I got the capital I needed to do the job! Sensible fees and a pleasant experience...did I just say that? Yes. You owe it to yourself to check them out."
Review from Google
Carol T.
"Before retiring as a tax accountant, I referred a number of clients to Mike Klemens, The Brookline Group, for private party real estate loans; and all were grateful for my referral. Mike had excellent loan terms as a direct lender, provided fast service, and was professional in every respect."
Review from Google
Contact The Brookline Group
Stay Informed About Private Lending
Michael Klemens dba The Brookline Group makes business purpose mortgage loans from his house in the San Fernando Valley, putting to work his retirement savings and profits he made in 35 years of buying and selling Southern California real estate.
Mike Klemens was featured in a Wall Street Journal article by Kristen Grind in May 2016.
Associations
- California Mortage Association
Office Locations
4400 Nogales Drive, Tarzana, California 91356Contact The Brookline Group
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Our Minimum Loan Amount Is
$30,000
What We Do
- Investment Properties in California only
- 1st, 2nd, 3rd Mortgages up to 55% LTV
- Up to 60% Loan-to-Purchase Price
- 40% Cash Required for Purchase
- Land Loans up to 25% LTV
Not Available
- NO 100% Financing or higher than 60% LTP
- NO Ground-Up Construction Loans
- NO Rehab Funds Provided
- NO Consumer Purpose Home Loans
- NO Cannabis-Use Properties