Actium Partners
111 East Broadway, Suite 390
Salt Lake City, UT 84111
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About Actium Partners
Actium Partners is a Salt Lake City, UT based private money lender providing loans in Utah. They offer bridge loans and commercial hard money loans. Their lending guidelines are flexible, including terms up to 12 months and loan amounts up to $1,000,000. They provide loans on many property types, including multi family, apartments, office units, mixed use, retail storefronts, warehouse buildings, storage facilities, and industrial facilities.
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Loan Types Offered: Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Multi Family, Apartment, Office, Mixed Use, Retail, Warehouse, Storage, Industrial
Areas Served: UT
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Lending Guidelines for Actium Partners
Below are the general loan guidelines published on the Actium Partners website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money Loans
Loan Amounts: Up to $1,000,000
Available Rates: N/A
Typical Terms: 12 months
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: Up to $1,000,000
Available Rates: N/A
Typical Terms: 12 months
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Actium Partners.
Loan Example 1
Sean owns a small business in Salt Lake City, UT and needs to acquire a new commercial building for his operations. Since he is unable to get a conventional mortgage loan from a bank, he turns to Actium Partners for a commercial hard money loan. Since the lender and borrower agree on a 65% loan to value (LTV), Sean will bring $133,000 at closing and the loan principle amount will be $247,000 because the cost of the new property is $380,000. Additionally, the lender will collect a 1 percent origination fee along with the 8%, 18 month term on the deal. They agree to not charge a pre-payment penalty in the event that Sean pays off the loan before it expires. By the rules of this loan, Sean will pay an origination fee of $2,470 at the close (1% x $247,000 principle) and will then make payments of $1,647 per month ($247,000 principle x 8% interest / 12 months in a year). he will also make a final payment of the $247,000 principle when the loan expires, or before if he chooses.
Loan Example 2
Loretta takes a private money bridge loan from Actium Partners in order to remodel a townhome to re-sell in Salt Lake City, UT. The loan has the following parameters:
a) A $280,000 purchase price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 1% origination fee.
If Loretta accomplishes her goal of a $420,000 sales price, the final numbers of the project will be the following:
$420,000 sales price
- $224,000 loan principle (80% LTV)
- $56,000 down payment (20% on 80% LTV)
- $2,240 origination fee (1% of the $224,000 principle amount)
- $40,320 total interest paid (18 months x 12% interest)
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= $97,440 total profit (doesn't include taxes or renovation costs) -
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