American Life Financial

About American Life Financial

American Life Financial is a Mesa, AZ based private lender. They offer funding throughout Nevada, Utah, Arizona, New Mexico, Colorado, and Texas. They offer loans for a variety of scenarios, including commercial loans, hard money refinancing, buy and hold loans, and fix-and-flip loans. They offer rates starting at 6.99% , terms up to 2 months, and loan amounts ranging from $250,000 to $8,000,000 with a maximum LTV of 65%. They make loans on most types of properties, including single family, multi-family units, apartment buildings, offices, retail units, hotels, storage buildings, senior facilities, mixed use spaces, undeveloped land, churches, warehouse spaces, industrial facilities, and medical facilities.

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

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

Areas Served: NV, UT, AZ, NM, CO, TX

Licenses: AZ Mortgage Banker BK-0909357, NMLS: 165950

Lending Guidelines for American Life Financial

Below are the general loan guidelines published on the American Life Financial 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 American Life Financial.

Loan Example 1

Clinton closes on a $180,000 rehab project in Houston, TX, using a fix-and-flip loan from American Life Financial. The lender agrees to issue a loan with a 75% loan to value (LTV) so they are willing to loan $135,000 on the project. The loan is interest only, with monthly payments, and is for 6 months at 14% interest with 2 origination points to be paid when the deal closes.

Therefore, Clinton will have to contribute a $45,000 down payment in addition to paying a $2,700 origination fee. American Life Financial will collect $1,575 in monthly interest payments from the Clinton. This is calculated by taking the total loan value of $135,000, multiplying that by the 14% interest rate, and then dividing that amount by 12. If he sells the rehabed project for $243,000 at the end of the 6 month term, his gross profit (not accounting for rehab expenses) would be $50,850. This is calculated by taking the sales price ($243,000) and subtracting the original principle ($135,000), the origination cost ($2,700), the money he contributed to closing ($45,000), and the total interest expenses ($9,450).

Loan Example 2

Beth takes a fix and flip loan from American Life Financial so she can renovate a townhouse to re-sell in Houston, TX. The loan has the following terms:

$240,000 sales price
85% loan to value (LTV)
18 month term
10% interest rate
4% origination fee

Based on a $312,000 sales price at the end of the 18 month term, the outcome for this deal would look like this:

$312,000 sales price
- $204,000 loan principle (85% LTV)
- $36,000 cash paid at closing (15% on 85% LTV)
- $8,160 origination fee (4% of the $204,000 principle)
- $30,600 total interest paid (18 months x 10% interest)
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= $33,240 total profit (doesn't include taxes or renovation costs)

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