A&A Funding Corporation

About A&A Funding Corporation

A&A Funding Corporation is private money lender based in Phoenix, AZ. They provide loans throughout Phoenix. They provide fix-and-flip hard money loans, hard money loans for commercial properties, loans for rental properties, cash out hard money loans, short term loans, and construction loans. Their lending parameters are flexible, including rates ranging between 9.5% and 12%, terms between 12 months and 48 months, and loans with a maximum LTV of 65%. They do not require their borrowers to have a minimum credit score to receive a loan. They provide loans on numerous property types, including single family homes, multi family residences, apartment buildings, offices, retail units, hotels and motels, storage facilities, senior facilities, mixed use, undeveloped land, churches, warehouse buildings, industrial buildings, and medical buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: Phoenix

Licenses: Arizona Mortgage Broker # MB-0911138, NMLS ID# 162461

Lending Guidelines for A&A Funding Corporation

Below are the general loan guidelines published on the A&A Funding Corporation 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 A&A Funding Corporation.

Loan Example 1

A&A Funding Corporation makes a fix-and-flip loan to Gwen for a remodeling project in Phoenix, AZ, on a house that costs $380,000. The lender agrees to issue a note with a 65% loan to value (LTV) so they will loan $247,000 on the property. The rate on the note is 11% for a length of 6 months and the lender requires a four point origination fee at the close. The interest payments are to be paid monthly and the principle amount will be paid back after the property sells.

The borrower will have to bring a total of $32,400 up front to pay the $133,000 down payment in addition to the $9,880 origination fee. After the deal is executed and Gwen takes over the project, she will need to begin making payments each month of $2,264 to A&A Funding Corporation ($247,000 principle x 11% / 12 months). If Gwen accomplishes her goal of a $475,000 sales price when the loan term expires, she would earn a total profit of $71,535 after repaying the principle on the note and subtracting the money she contributed at closing, the origination fee, and the monthly interest payments.

Loan Example 2

A&A Funding Corporation issues a loan to Lela for a remodeling project in Phoenix, AZ. The loan dictates the following:

$270,000 sales price
80% loan to value (LTV)
12 month term
12% interest rate
4% origination fee

Lela intends to sell the project when the note expires for $405,000. If she succeeds, the deal numbers will be the following:

$405,000 sales price
- $216,000 principle (80% LTV)
- $54,000 cash paid at closing (20% on 80% LTV)
- $8,640 origination points (4% of the $216,000 principle amount)
- $25,920 interest payments (12 months x 12% interest)
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= $100,440 gross profit (does not include taxes or rehab costs)

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