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About AABM Capital
AABM Capital is a Discovery Bay, CA based private lender who offers loans in California. They offer lending solutions for many different scenarios, including commercial loans, loans for rental properties, short term bridge loans, and fix and flip hard money loans. They provide loan amounts ranging from $25,000 to $300,000 with a maximum LTV of 100%. Their loan guidelines require a minimum credit rating of 700. They will make loans on numerous property types, including single family homes, multi family, office buildings, retail units, and industrial buildings.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family, Office, Retail, Industrial
Areas Served: CA
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Lending Guidelines for AABM Capital
Below are the general loan guidelines published on the AABM Capital website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $25,000 - $300,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 100%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: NO
Minimum FICO Score: 700
Time to Close: 10 DaysFix and Flip Loans
Loan Amounts: $25,000 - $300,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 100%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: NO
Minimum FICO Score: 700
Time to Close: 10 DaysCommercial Hard Money Loans
Loan Amounts: $25,000 - $300,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 100%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: NO
Minimum FICO Score: 700
Time to Close: 10 DaysBridge Loans
Loan Amounts: $25,000 - $300,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 100%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: NO
Minimum FICO Score: 700
Time to Close: 10 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by AABM Capital.
Loan Example 1
AABM Capital issues a private money loan to Francisco for a remodeling project in Los Angeles, CA, on a house that costs $290,000. Because the lender sets a 60% loan to value, Francisco will need to put 40% down so the amount of the note will be $174,000. The interest rate on the note is 11% for a length of 6 months and the lender requires a one point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle will be paid back after the sale of the property.
By the terms of the loan, Francisco will need to pay a $1,740 origination fee plus 40% of the purchase price, or $116,000, since there is a 60% LTV. Once the loan closes, he will need to pay the lender $1,595 in monthly interest payments, or 11% multiplied by $174,000 divided by 12 months in the year. At the expiration of the loan, he sells the rehabed house for $362,500. After deducting the $9,570 in interest payments ($1,595 multiplied by 6 months), the $1,740 origination fee, the $174,000 principle amount on the loan, and the $116,000 he contributed to closing, he will make a gross profit of $61,190 ($362,500 price minus $301,310 in total costs). This profit would then be reduced by any renovation costs paid by the borrow.
Loan Example 2
Stella takes out a hard money loan from AABM Capital so she can rehab a house to flip in Los Angeles, CA. The loan has the following parameters:
$160,000 sales price
85% loan to value (LTV)
12 month term
8% rate of interest
4% origination feeIf Stella accomplishes her goal of a $192,000 sales price, the final numbers of the project will be as follows:
$192,000 sales price
- $136,000 note principle (85% LTV)
- $24,000 cash paid at closing (15% on 85% LTV)
- $5,440 origination points (4% of the $136,000 principle amount)
- $10,880 interest payments (12 months x 8% interest)
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= $15,680 gross profit (does not include taxes or renovation costs) -
by Joy 02/12/2022
I worked briefly with Stan and Elaine and was very disappointed in ththe empty promises made and the falsehoods told about emplohment. Elaine, though assistant had difficulty with emails and payment, direct drposit, wire transfer. I was originally led to believe this job would be long term but was let go on a Tuesday without any previous warning. I trusted these people and should not have.
I worked briefly with Stan and Elaine and was very disappointed in ththe empty promises made and the falsehoods told about emplohment. Elaine, though assistant had difficulty with emails and payment, direct drposit, wire transfer. I was originally led to believe this job would be long term but was let go on a Tuesday without any previous warning. I trusted these people and should not have.by Eugene 05/11/2020
AABM Capital is a joke.From the very beginning the application process is a complete scam. The website has a lot of false information from "call Stan" to "minimum loan is $50K". Apparently "Stan" does not exist. The lady named Elaine Miner is the only person who runs this company. After applying for a loan on the website I received an email from Elaine that said to do the same thing again. There is a phone number on the email under her name with extension 102, however when you call the number she is the only person who answers the phone. I tried to bring up a few things from the email to her attention that did not match with the information on the website, explaining that if I knew those things at the beginning I wouldn't waste my time on applying. Constantly interrupting, bossy attitude and rude responses. Thanks Elaine, you just lost your customer and money you make on giving people loans.
AABM Capital is a joke.From the very beginning the application process is a complete scam. The website has a lot of false information from "call Stan" to "minimum loan is $50K". Apparently "Stan" does not exist. The lady named Elaine Miner is the only person who runs this company. After applying for a loan on the website I received an email from Elaine that said to do the same thing again. There is a phone number on the email under her name with extension 102, however when you call the number she is the only person who answers the phone. I tried to bring up a few things from the email to her attention that did not match with the information on the website, explaining that if I knew those things at the beginning I wouldn't waste my time on applying. Constantly interrupting, bossy attitude and rude responses. Thanks Elaine, you just lost your customer and money you make on giving people loans.
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