Allied Commercial Funding

About Allied Commercial Funding

Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial properties, fix-and-flip loans, and short term loans. Their lending parameters are flexible, including loan amounts ranging from $100,000 to $2,000,000 with a maximum LTV of 75%, rates ranging between 8.5% and 11.75%, and terms between 12 months and 60 months. They will lend funds to all borrowers based on the value of the property and do not require a minimum FICO score. They will make loans on all of the following types of properties: single family homes, multi-family units, apartments, office buildings, retail spaces, hotels, storage buildings, senior facilities, mixed use, warehouse buildings, industrial buildings, and medical buildings.

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

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

Areas Served: AL, AK, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, MT, NE, NH, NJ, NM, MI, NY, NC, OH, OK, OR, PA, RI, SC, TX, UT, VT, VA, WA, WV, WI, WY

Licenses: CABRE License 01326064

Lending Guidelines for Allied Commercial Funding

Below are the general loan guidelines published on the Allied Commercial Funding 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 Allied Commercial Funding.

Loan Example 1

Jaime closes on a $340,000 rehab project in Houston, TX, using a hard money loan from Allied Commercial Funding. As the lender sets a 85% loan to value, Jaime will need to put 15% down and the amount of the note will be $289,000. The interest rate on the note is 13% for a term of 18 months and the company requires a five point origination fee at the close. The interest payments are to be paid monthly and the principle amount will be returned after the property sells.

On top of the $14,450 origination fee, Jaime will also have to fund $51,000 of the purchase with his own cash, or 15% of the sales price. The lender will collect $3,131 in monthly interest from the Jaime. This is calculated by taking the total note value of $289,000, multiplying by the 13% interest rate, and then dividing that amount by 12. If Jaime sells the project for $510,000 after 18 months, he would make a total profit of $99,195 after deducting the principle of $289,000, the money contributed at the close of $51,000, the origination points of $14,450, and the total interest payments of $56,355. This gross profit doesn't include building costs.

Loan Example 2

Lester locates a townhouse in Houston, TX to remodel and resell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Allied Commercial Funding with the following parameters:

$400,000 purchase price
85% loan-to-value (LTV)
6 month term
14% rate of interest
4% origination fee

Lester intends to list the house at the end of the term for $560,000. If he succeeds, the deal numbers would be as follows:

$560,000 sales price
- $340,000 note principle (85% LTV)
- $60,000 cash paid at closing (15% on 85% LTV)
- $13,600 origination fee (4% of the $340,000 principle amount)
- $23,800 total interest paid (6 months x 14% interest)
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= $122,600 gross profit (does not include taxes or renovation costs)

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