AJTM Financial Group

About AJTM Financial Group

AJTM Financial Group is a Stamford, CT based hard money lender. They provide funding all across the US. They provide short term fix and flip loans and private commercial loans. Their loan guidelines are flexible, including rates starting at 8% and loans with a maximum LTV of 85%. They will make loans on the following property types: single family residences, multi-family units, apartments, office buildings, retail units, mixed use buildings, industrial buildings, and warehouses.

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

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

Areas Served: National

Lending Guidelines for AJTM Financial Group

Below are the general loan guidelines published on the AJTM Financial Group 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 AJTM Financial Group.

Loan Example 1

Brandi is a house flipper in Toledo, OH. She locates an older property for sale and decides to remodel it and flip it for a profit. The property has a cost of $180,000 but she does not have the full amount so she takes a fix and flip loan with AJTM Financial Group. The borrower will have to contribute 30% of the sales price in cash to closing based on a 70% loan-to-value set by the lending company. This makes the principle note from AJTM Financial Group $126,000. The loan also has the following features: 1) a 12 month length, 2) a 14% interest only note, and 3) a one point origination fee.

Brandi will need to bring $54,000 at closing (30% on the 70% loan-to-value), plus she will need to pay the $1,260 origination fee. The lender will collect $1,470 in monthly interest payments from the Brandi. This is computed by taking the full note amount of $126,000, multiplying by the 14% rate of interest, and then dividing that amount by 12. Brandi's plan is to complete the remodel by the end of the 12 months and sell it for $270,000. If she succeeds she will make a total profit of $71,100 ($270,000 price - $126,000 principle - $54,000 cash paid at closing - $1,260 origination fee - $17,640 in interest.

Loan Example 2

Jimmy takes a loan from AJTM Financial Group in order to remodel a townhome to re-sell in Reading, PA. The deal has the following terms:

$240,000 purchase price
75% loan to value (LTV)
6 month term
14% rate of interest
5% origination fee

After the rehab project is complete, if Jimmy sells the house for $360,000, the final numbers would be as follows:

$360,000 sales price
- $180,000 note principle (75% LTV)
- $60,000 cash paid at closing (25% on 75% LTV)
- $9,000 origination fee (5% of the $180,000 principle amount)
- $12,600 total interest paid (6 months x 14% interest)
-----------------------
= $98,400 total profit (does not include taxes or rehab costs)