Bankers Group

About Bankers Group

Headquartered in Woodland Hills, CA, Bankers Group is a hard money lender providing loans throughout Los Angeles County. They provide loans for rental properties, cash out loans, hard money loans for commercial properties, and fix-and-flip hard money loans. They issue loan amounts ranging from $100,000 to $20,000,000. They offer loans on various property types, including single family, multi family, apartments, office buildings, retail units, mixed use, industrial facilities, and undeveloped land.

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, Mixed Use, Industrial, Land

Areas Served: Los Angeles County

Licenses: Cal BRE Lic # 01233829, NMLS Bankers Group ID # 294230

Lending Guidelines for Bankers Group

Below are the general loan guidelines published on the Bankers Group 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 Bankers Group.

Loan Example 1

John is a real estate investor in Los Angeles, CA. He locates an older property and decides to rehab it and sell it for a profit. The house costs $320,000 but he does not have the full amount so he takes out a private money loan with Bankers Group. The borrower will have to contribute 30% of the purchase price in cash to closing based on a 70% loan to value set by the lending company. This makes the loan principle from Bankers Group $224,000. The terms of the loan dictate a 9% note for 12 months. They also require a 4 point origination fee, that will also need to be paid at closing.

On top of the $8,960 origination fee, John will also have to fund $96,000 of the purchase with his own money, or 30% of the purchase price. The lender will collect $1,680 in monthly interest payments from the John. This is computed by taking the full note amount of $224,000, multiplying by the 9% rate of interest, and then dividing that amount by 12. If John meets his goal of a $416,000 sales price when the loan term expires, he would pocket a gross profit of $66,880 after repaying the principle and deducting the cash he contributed at closing, the origination fee, and the total interest payments.

Loan Example 2

Felicia is a real estate investor in Los Angeles, CA. She buys an older townhouse for a rehab project and takes a hard money loan from Bankers Group with the following paramters:

a) A $150,000 sales price, b) a 75% loan to value (LTV), c) a 18 month term, d) a 11% interest rate, and e) a 2% origination fee.

If Felicia succeeds in her goal of a $187,500 sales price, the outcome of the project will be the following:

$187,500 sales price
- $112,500 principle on note (75% LTV)
- $37,500 cash paid at closing (25% on 75% LTV)
- $2,250 origination fee (2% of the $112,500 principle)
- $18,563 total interest paid (18 months x 11% interest)
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= $16,688 total profit (doesn't include taxes or rehab costs)

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