Apex United Lending
Office Address Not Available
Longview, WA 98632
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About Apex United Lending
Apex United Lending is a private lender in Longview, WA providing loans throughout Portland and Longview. They provide loans for a variety of situations and needs, including private commercial loans and fix-and-flip hard money loans. They make loans on numerous property types, including single family residences, multi-family units, apartment buildings, office units, retail units, mixed use spaces, and industrial facilities.
Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial
Areas Served: Portland, Longview
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Lending Guidelines for Apex United Lending
Below are the general loan guidelines published on the Apex United Lending website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
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: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
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: N/A
Prepayment Penalties: N/A
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 Apex United Lending.
Loan Example 1
Armando finds a property in Portland, OR to flip and resell. Since he doesn't have enough cash on-hand to acquire the $170,000 project outright, he takes out a private money loan from Apex United Lending. As the lender agrees to a 50% loan-to-value, Armando will be required to put 50% down so the total amount of the loan will be $85,000. The loan is interest-only, with monthly payments, and is for 18 months at 10% interest with 4 origination points to be paid at closing.
By the parameters of the loan, Armando will be required to contribute a $3,400 origination fee in addition to 50% of the sales price, or $85,000, based on the 50% LTV. Once the deal closes, he will pay the lender $708 in monthly interest fees, or 10% times $85,000 divided by 12 months in the year. Armando's intention is to complete the remodel by the end of the 18 months and resell it for $238,000. If he succeeds he will collect a total profit of $51,850 ($238,000 sales price - $85,000 principle amount - $85,000 funds brough to closing - $3,400 origination fee - $12,750 in total interest paid.
Loan Example 2
Naomi locates a duplex in Portland, OR to remodel and re-sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Apex United Lending with the following parameters:
a) A $240,000 purchase price, b) a 60% loan-to-value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 2% origination fee.
Assuming a $312,000 sales price at the end of the 12 month term, the outcome for this project would look like the following:
$312,000 sales price
- $144,000 loan principle (60% LTV)
- $96,000 down payment (40% on 60% LTV)
- $2,880 origination fee (2% of the $144,000 principle)
- $14,400 interest payments (12 months x 10% interest)
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= $54,720 gross profit (does not include taxes or renovation costs) -
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