Blue Matrix Holdings LLC

About Blue Matrix Holdings LLC

Blue Matrix Holdings LLC is a Lakewood, WA based private lender who offers loans throughout Washington and Idaho. They offer loans for many different scenarios, including long term rental property loans, short term loans, short term fix and flip loans, cash out loans, and commercial loans. They offer terms between 6 months and 5 years, loans with a maximum LTV of 65%, and rates ranging between 8% and 12%. They will make loans on various property types, including single family homes, multi-family, apartment buildings, offices, retail units, hotels/motels, storage facilities, mixed use buildings, warehouses, and industrial facilities.

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

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

Areas Served: WA, ID

Lending Guidelines for Blue Matrix Holdings LLC

Below are the general loan guidelines published on the Blue Matrix Holdings LLC 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 Blue Matrix Holdings LLC.

Loan Example 1

Terrance is a house flipper in Seattle, WA. He locates an older property and decides to remodel it and flip it for a profit. The property costs $300,000 but he does not have the full amount so he takes a hard money loan with Blue Matrix Holdings LLC. The lender agrees to write a loan with a 75% loan to value (LTV) so they will loan $225,000 on the project. The loan also includes these features: 1) a 12 month length, 2) a 13% interest-only note, and 3) a one percent origination charge.

Therefore, the borrower will have to make a $75,000 down payment plus pay a $2,250 origination fee. he will then pay $2,438 per month to Blue Matrix Holdings LLC. At the end of the loan, he sells the renovated property for $390,000. After subtracting the $29,250 in interest payments ($2,438 times 12 months), the $2,250 origination fee, the $225,000 principle amount on the loan, and the $75,000 he contributed to closing, he will earn a total profit of $58,500 ($390,000 sales price minus $331,500 in total costs). This profit would be reduced by any building costs paid out of pocket.

Loan Example 2

Audra takes out a loan from Blue Matrix Holdings LLC in order to rehab a townhouse to flip in Seattle, WA. The deal has the following terms:

a) A $260,000 sales price, b) a 65% loan-to-value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 4% origination fee.

Based on a $312,000 sales price at the end of the 6 month term, the numbers for the project would look like the following:

$312,000 sales price
- $169,000 note principle (65% LTV)
- $91,000 cash paid at closing (35% on 65% LTV)
- $6,760 origination points (4% of the $169,000 principle)
- $9,295 interest payments (6 months x 11% interest)
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= $35,945 total profit (does not include taxes or rehab costs)

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