Aztec Financial

About Aztec Financial

Aztec Financial is an asset-based lender in Burbank, CA offering loans throughout California. They provide lending solutions for a variety of situations, including hard money refinancing, loans for rental properties, builder loans, fix-and-flip loans, short term loans, and commercial loans. Their lending parameters are versatile, including rates ranging between 8% and 13%, loan amounts ranging from $30,000 to $3,000,000 with a maximum LTV of 75%, and terms between 6 months and 5 years. They make loans on various types of properties, including single family units, multi-family units, apartments, offices, retail storefronts, hotels and motels, storage buildings, senior living facilities, mixed use, raw land, churches, warehouses, and industrial buildings.

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

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

Areas Served: CA

Lending Guidelines for Aztec Financial

Below are the general loan guidelines published on the Aztec 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 Aztec Financial.

Loan Example 1

Mercedes takes a fix and flip loan from Aztec Financial in order to remodel a house to resale in Los Angeles, CA. The sales price of the property is $180,000. As the lender agrees to a 60% loan-to-value, Mercedes will be required to put 40% down and the total amount of the note will be $108,000. The terms of the loan also stipulate a two percent origination fee that is to be paid at closing and a 18 month, interest-only note with a 13% interest rate.

The borrower must fund a total of $32,400 upon closing to pay the $72,000 down payment plus the $2,160 origination fee. Aztec Financial will collect $1,170 in monthly interest from the Mercedes. This is computed by taking the full note amount of $108,000, multiplying by the 13% interest rate, and then dividing that number by 12. If Mercedes accomplishes her goal of a $243,000 total sales price when the loan term expires, she would make a gross profit of $39,780 after re-paying the principle and deducting the cash she paid at closing, the origination points, and the total monthly interest payments.

Loan Example 2

Leona finds a townhouse in Los Angeles, CA to remodel and re-sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Aztec Financial with the following parameters:

a) A $150,000 sales price, b) a 80% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 2% origination fee.

Leona plans to list the house when the note expires for $210,000. If she achieves this goal, the deal numbers will be the following:

$210,000 sales price
- $120,000 principle (80% LTV)
- $30,000 down payment (20% on 80% LTV)
- $2,400 origination points (2% of the $120,000 principle)
- $4,800 interest payments (6 months x 8% interest)
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= $52,800 total profit (does not include taxes or rehab costs)