Bolour Associates

About Bolour Associates

BOLOUR is a Beverly Hills, CA based hard money lender. They offer loans throughout Arizona, California, and Texas. They offer loans for a variety of situations and needs, including short term loans, cash out loans, private commercial loans, loans for rental properties, hard money construction loans, and fix and flip loans. Their lending guidelines are versatile, including terms between 6 months and 3 years, loan amounts ranging from $1,000,000 to $15,000,000 with a maximum LTV of 75%, and rates ranging between 7.5% and 12%. They provide loans on various property types, including multi-family units, industrial buildings, retail storefronts, office buildings, single family, raw land, storage facilities, and mixed use spaces.

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

Property Types Covered: Multi Family, Industrial, Retail, Office, Single Family, Land, Storage, Mixed Use

Areas Served: AZ, CA, TX

Licenses: CA BRE Corporate License No. 01918696, California Finance Lender License No. 603H188

Lending Guidelines for Bolour Associates

Below are the general loan guidelines published on the Bolour Associates 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 Bolour Associates.

Loan Example 1

Mike closes on a $210,000 rehab project in Houston, TX, using a fix-and-flip loan from Bolour Associates. As the lender agrees to a 65% loan-to-value, Mike will be required to put 35% down so the principle amount of the note will be $136,500. The note is interest only, paid monthly, and is for 18 months at 12% interest with 2 points to be paid at closing.

Mike will need to contribute $73,500 at the closing (35% on the 65% loan to value), plus he will have to pay the $2,730 origination fee. he will then pay $1,365 per month to the lender. At the end of the note, he sells the renovated house for $273,000. After deducting the $24,570 in interest payments ($1,365 multiplied times 18 months), the $2,730 origination fee, the $136,500 principle amount on the note, and the $73,500 he contributed to the closing, he will make a gross profit of $35,700 ($273,000 price minus $237,300 in total costs). This profit would then be reduced by any rehab costs paid out of pocket.

Loan Example 2

Paul locates a property in Houston, TX to renovate and sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Bolour Associates with the following parameters:

a) A $220,000 sales price, b) a 50% loan to value (LTV), c) a 18 month term, d) a 8% interest rate, and e) a 5% origination fee.

If Paul succeeds in his goal of a $286,000 sales price, the numbers of the deal would be as follows:

$286,000 sales price
- $110,000 note principle (50% LTV)
- $110,000 cash paid at closing (50% on 50% LTV)
- $5,500 origination fee (5% of the $110,000 principle)
- $13,200 total interest paid (18 months x 8% interest)
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= $47,300 total profit (doesn't include taxes or renovation costs)