Baker Collins & Co.

About Baker Collins & Co.

Baker Collins & Co. is a Private Real Estate Lending Group that provides streamlined, hassle-free lending options to fit the way you invest. Baker Collins & Co. is rated #1 for client satisfaction and is a leading private money financier in the Southeast United States. As a private capital lender we specialize in residential & commercial private money loans, and other unconventional loan products.

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

Property Types Covered: Single Family, Multi Family, Apartment

Areas Served: AL, FL, GA, IL, IN, NC, NJ, PA, SC, TN, TX

Lending Guidelines for Baker Collins & Co.

Below are the general loan guidelines published on the Baker Collins & Co. 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 Baker Collins & Co..

Loan Example 1

Travis is a real estate investor in Houston, TX. He locates a run-down property and wants to rehab it and sell it for a profit. The house has a cost of $220,000 but he doesn't have the full amount so he takes out a private money loan with Baker Collins & Co.. The borrower will have to fund 20% of the purchase price in cash to closing based on a 80% loan-to-value set by the lending company. This makes the loan principle from Baker Collins & Co. $176,000. The parameters of the note also include a five point origination fee that is to be paid at closing and a 12 month, interest only note with a 12% interest rate.

Travis will have to contribute $44,000 at the closing (20% on the 80% loan-to-value), plus he will need to pay the $8,800 origination fee. The lender will collect $1,760 in monthly interest payments from the Travis. This is calculated by taking the total note amount of $176,000, multiplying by the 12% interest rate, and then dividing that amount by 12. If Travis sells the rehabed project for $286,000 at the end of the 12 month term, his gross profit (not accounting for renovation expenses) would be $36,080. This is calculated by taking the sales price ($286,000) and subtracting the original note amount ($176,000), the origination cost ($8,800), the funds he contributed to closing ($44,000), and the total interest expenses ($21,120).

Loan Example 2

Heidi takes out a private money loan from Baker Collins & Co. so she can remodel a townhouse to flip in Houston, TX. The loan has the following terms:

$320,000 purchase price
85% loan to value (LTV)
18 month term
11% rate of interest
1% origination fee

If Heidi succeeds in her goal of a $432,000 sales price, the outcome of the deal would be as follows:

$432,000 sales price
- $272,000 loan principle (85% LTV)
- $48,000 down payment (15% on 85% LTV)
- $2,720 origination points (1% of the $272,000 principle amount)
- $44,880 interest payments (18 months x 11% interest)
-----------------------
= $64,400 gross profit (does not include taxes or rehab costs)

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