Beacon Path Financial Group

About Beacon Path Financial Group

Beacon Path Financial Group is a Charlotte, NC based private lender. They provide loans across the US. They offer commercial hard money loans, hard money bridge loans, and ground-up construction loans. They offer rates ranging between 9% and 14%, terms up to 120 months, and loan amounts ranging from $200,000 to $100,000,000 with a maximum LTV of 75%. They offer loans on numerous types of properties, including multi-family units, retail spaces, office units, apartments, industrial facilities, and storage buildings.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans, Bridge Loans

Property Types Covered: Multi Family, Retail, Office, Apartment, Industrial, Storage

Areas Served: National

Lending Guidelines for Beacon Path Financial Group

Below are the general loan guidelines published on the Beacon Path Financial 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 Beacon Path Financial Group.

Loan Example 1

Jorge is an entrepreneur in Fontana, CA. He wants to buy a new warehouse for his company but he isn't able to secure a commercial mortgage from his bank because of his below average credit rating. He looks to Beacon Path Financial Group for a commercial private money loan to close the acquisition. Since the borrower and lender agree to a 80% loan to value (LTV), Jorge will pay $56,000 toward the closing and the loan principle will be $224,000 since the cost of the new building is $280,000. The lender also stipulates the following terms to the transaction: 1) a 10% interest rate, 2) a 6 month length with interest only payments monthly, 3) an origination fee of 4 points paid by Jorge at the close, and 4) no fees for pre-payment. In accordance with the parameters of this loan, Jorge will have to pay origination points of $8,960 when the loan is executed. He will also begin to make payments of $1,867 / month for the duration of the note and will pay off the principle amount at the expiration of the 6 month loan term. If he decides to repay the note early, he may do so without any additional cost because there is not a pre-payment penalty stipulated by the deal.

Loan Example 2

Beacon Path Financial Group issues a hard money bridge loan to Rafael for a remodeling project in Oxnard, CA. The loan dictates the following:

$160,000 sales price
75% loan to value (LTV)
12 month term
9% rate of interest
5% origination fee

After the rehab project is completed, if Rafael sells the property for $224,000, the outcome would be the following:

$224,000 sales price
- $120,000 principle on note (75% LTV)
- $40,000 cash paid at closing (25% on 75% LTV)
- $6,000 origination fee (5% of the $120,000 principle amount)
- $10,800 interest payments (12 months x 9% interest)
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= $47,200 gross profit (does not include taxes or renovation costs)

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