Ashmore Partners

About Ashmore Partners

Ashmore Partners is a private lender headquartered in Turnersville, NJ providing funding nationwide for 1-4 unit non-owner occupied residential real estate. Fix and Flip funding up to 90% of the purchase and 100% of construction financing with a maximum LTV of 75% for short-term loans. Interest payments are escrowed and rolled into the loan, eliminating monthly payments.Construction draws are pre-funded, so you won't need to come out of pocket during the rehab. Rental financing up to 80% of the appraised value with rates starting at 5.25%.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family

Areas Served: National

Lending Guidelines for Ashmore Partners

Below are the general loan guidelines published on the Ashmore Partners 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 Ashmore Partners.

Loan Example 1

Kent finds a condo in Philadelphia, PA to remodel and sell. Since he doesn't have enough cash on-hand to purchase the $310,000 house outright, he decides to take out a hard money loan from Ashmore Partners. The loan-to-value (LTV) on the note is 55%. This means that Kent will bring 45% of the purchase price to closing and the principle will be $170,500 on the deal. The loan also has these features: 1) a 6 month term, 2) a 9% interest only note, and 3) a four percent origination charge.

Kent must bring a total of $32,400 up front to cover the $139,500 down payment in addition to the $6,820 origination fee. Once the loan closes, he will pay the lender $1,279 in monthly interest payments, or 9% multiplied by $170,500 divided by 12 months in the year. If Kent sells the project for $449,500 after 6 months, he would then earn a total profit of $125,008 after subtracting the principle of $170,500, the cash contributed at closing of $139,500, the origination points of $6,820, and the aggregate interest payments of $7,673. This gross profit doesn't include remodeling costs.

Loan Example 2

Joanne takes a hard money loan from Ashmore Partners so she can renovate a house to resell in Philadelphia, PA. The deal has the following terms:

a) A $320,000 sales price, b) a 85% loan to value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 2% origination fee.

Based on a $464,000 sales price after the 6 month term, the numbers for this deal would look like this:

$464,000 sales price
- $272,000 note principle (85% LTV)
- $48,000 cash paid at closing (15% on 85% LTV)
- $5,440 origination fee (2% of the $272,000 principle amount)
- $19,040 interest payments (6 months x 14% interest)
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= $119,520 total profit (does not include taxes or rehab costs)