Alliance Commercial Credit Group

About Alliance Commercial Credit Group

Alliance Commercial Credit Group is a Vancouver, WA based private lender. They provide funding in Washington. They offer commercial loans and refinancing. Their loan guidelines are versatile, including loans with a maximum LTV of 65% and terms between 1 year and 3 years. They are able to lend money to any borrower based on the value of the property and do not require a minimum FICO score. They offer loans on various property types, including multi family residences, apartments, offices, retail spaces, hotels, storage buildings, mixed use, industrial facilities, and raw land.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Mixed Use, Industrial, Land

Areas Served: WA

Lending Guidelines for Alliance Commercial Credit Group

Below are the general loan guidelines published on the Alliance Commercial Credit 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 Alliance Commercial Credit Group.

Loan Example 1

In order to buy a new commercial building for his business, Hector looks to Alliance Commercial Credit Group to fund his purchase with a commercial private money loan because he cannot secure a standard loan from a bank. The lender contracts to a 70% loan to value (LTV) on the transaction and the building costs $150,000, so they will loan $105,000 and Hector will bring the remaining $45,000. The loan also specifies a 18 month length, a 10% rate of interest, interest-only payments made monthly with a balloon payment at the end of the note (without a pre-payment penalty), and a 1 percent origination charge. Hector will be required to pay an origination fee of $1,050 and he will then begin to make the interest payments in the amount of $875 ($105,000 principle amount x 10% interest / 12 months). He can pay off the note early if he wants to because there is no pre-payment penalty but he will be responsible for paying off the principle whenever he eliminates the loan.

Loan Example 2

Harold finds a property in Seattle, WA to rehab and sell. Because he does not have enough cash to buy the property outright, he takes a hard money loan from Alliance Commercial Credit Group with the following parameters:

a) A $290,000 sales price, b) a 70% loan to value (LTV), c) a 12 month term, d) a 8% interest rate, and e) a 4% origination fee.

If Harold achieves his goal of a $362,500 sales price, the numbers of the project will be as follows:

$362,500 sales price
- $203,000 loan principle (70% LTV)
- $87,000 cash paid at closing (30% on 70% LTV)
- $8,120 origination points (4% of the $203,000 principle amount)
- $16,240 total interest paid (12 months x 8% interest)
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= $48,140 gross profit (doesn't include taxes or renovation costs)

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