212 Loans

About 212 Loans

212 Loans is a San Antonio, TX based private lender offering loans across these areas: Los Angeles, San Diego, Denver, Phoenix, Dallas, Fort Worth, Austin, San Antonio, Houston, Galveston, Chicago, Nashville, Atlanta, Charlotte, and Tampa. They offer loans for a variety of situations, including rental property loans, fix and flip loans, and private commercial loans. They issue loan amounts ranging from $50,000 to $500,000 with a maximum LTV of 70% and terms up to 6 months. They provide loans on various property types, including single family residences, multi-family, apartments, office buildings, retail storefronts, and industrial buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial

Areas Served: Los Angeles, San Diego, Denver, Phoenix, Dallas, Fort Worth, Austin, San Antonio, Houston, Galveston, Chicago, Nashville, Atlanta, Charlotte, Tampa

Lending Guidelines for 212 Loans

Below are the general loan guidelines published on the 212 Loans website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by 212 Loans.

Loan Example 1

Kimberly closes on a $200,000 renovation project in Los Angeles, CA, using a hard money loan from 212 Loans. The terms of the note include a 80% loan to value (LTV), so she must contribute 20% of the price as cash at closing, which makes the principle note amount $160,000. The parameters of the note also stipulate a one point origination fee that will be paid at closing and a 6 month, interest-only note with a 14% interest rate.

Therefore, Kimberly will be required to contribute a $40,000 down payment in addition to paying a $1,600 origination fee. She will then pay $1,867 monthly to the lender. If Kimberly sells the house for $290,000 after 6 months, she would then earn a gross profit of $77,200 after subtracting the principle of $160,000, the cash paid at closing of $40,000, the origination points of $1,600, and the aggregate interest payments of $11,200. This gross profit doesn't account for rehab costs.

Loan Example 2

Julio takes out a private money loan from 212 Loans so he can remodel a property to flip in Los Angeles, CA. The loan has the following parameters:

a) A $370,000 purchase price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 10% interest rate, and e) a 4% origination fee.

If Julio achieves his goal of a $518,000 sales price, the outcome of the deal will be the following:

$518,000 sales price
- $240,500 principle on note (65% LTV)
- $129,500 cash paid at closing (35% on 65% LTV)
- $9,620 origination fee (4% of the $240,500 principle amount)
- $36,075 interest payments (18 months x 10% interest)
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= $102,305 gross profit (does not include taxes or rehab costs)

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