Bellwether Funding

About Bellwether Funding

Bellwether Funding is a private money lender headquartered in Waukesha, WI offering loans in Wisconsin. They offer lending solutions for a variety of needs and situations, including private commercial loans and short term bridge loans. They offer loans on most types of properties, including office units, retail units, hotels/motels, mixed use spaces, warehouse spaces, industrial facilities, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Office, Retail, Hotel, Mixed Use, Warehouse, Industrial, Medical

Areas Served: WI

Lending Guidelines for Bellwether Funding

Below are the general loan guidelines published on the Bellwether Funding 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 Bellwether Funding.

Loan Example 1

Stephanie is a small business owner in Milwaukee, WI. She decides to acquire a new commercial building for her business but she is not able to secure a conforming loan from her bank because of her low FICO score. She looks to Bellwether Funding for a commercial hard money loan to fund the acquisition. The new building costs $160,000. Because there is a 70% loan-to-value (LTV) set by the lender, the principle is $112,000. The remaining $48,000 will be the responsibility of the borrower. The lender also lays out the following terms to the deal: 1) a 9% rate of interest, 2) a 6 month term with interest-only payments to be paid monthly, 3) an origination fee of 5 percent paid by the borrower at the close, and 4) no penalty for pre-payment. Stephanie will need to pay an origination fee of $5,600 and she will then start making the interest payments in the amount of $840 ($112,000 principle amount x 9% interest / 12 months). She can pay off the note whenever she wants to since there is not a pre-payment penalty but she is responsible for paying off the original principle when she closes the loan.

Loan Example 2

Jackie is a an investor in Milwaukee, WI. She finds a run-down property for a rehab project and obtains a private money bridge loan from Bellwether Funding with the following features:

$190,000 sales price
60% loan-to-value (LTV)
6 month term
10% rate of interest
5% origination fee

If Jackie accomplishes her goal of a $266,000 sales price, the outcome of the deal will be as follows:

$266,000 sales price
- $114,000 principle (60% LTV)
- $76,000 down payment (40% on 60% LTV)
- $5,700 origination points (5% of the $114,000 principle)
- $5,700 interest payments (6 months x 10% interest)
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= $64,600 gross profit (does not include taxes or rehab costs)

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