Great Lakes Private Lending for California investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
California context
California DSCR economics tight in coastal markets but workable in Central Valley. AB1482 statewide rent control caps annual rent increases. Tight STR rules in many cities.
How Great Lakes Private Lending positions in California
For California specifically, Great Lakes Private Lending fits investors who match the private money approach. The low cash flow profile of California aggregate makes it workable for Great Lakes Private Lending.
City-level coverage in California
Great Lakes Private Lending provides DSCR coverage across California metros including Los Angeles, San Francisco, and San Diego. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across California metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| California property tax | 0.7% |
| California state income tax | 13.3% |
Great Lakes Private Lending strengths in California
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct California coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Los Angeles is the top investor market in California and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Los Angeles property tax follows the California state rate of 0.7 percent. Great Lakes Private Lending typically underwrites Los Angeles acquisitions at standard rate sheets.
Yes. San Francisco ranks among the larger California investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within San Francisco matters for property selection.
Great Lakes Private Lending applies the same rate sheet across California metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Los Angeles, San Francisco, and San Diego all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
California DSCR economics tight in coastal markets but workable in Central Valley. AB1482 statewide rent control caps annual rent increases. Tight STR rules in many cities. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in California.
California has some restrictions on prepayment penalty structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
For California DSCR borrowers, Great Lakes Private Lending is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.