Brian Quigley

About Brian Quigley

Brian Quigley is private lender headquartered in Denver, CO. They provide loans in Colorado. They offer lending solutions for a variety of situations and needs, including long term rental property loans and fix and flip hard money loans. They issue terms up to 5 years and loans with a maximum LTV of 65%. The focus of their lending is on single family and multi-family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family

Areas Served: CO

Licenses: Mortgage Network NMLS #197135, Brian Quigley NMLS #244003

Lending Guidelines for Brian Quigley

Below are the general loan guidelines published on the Brian Quigley 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 Brian Quigley.

Loan Example 1

Eloise is a real estate investor in Denver, CO. She finds a run-down property and decides to rehab it and flip it for a profit. The property has a cost of $250,000 but she doesn't have the full amount so she takes a fix-and-flip loan with Brian Quigley. The lender agrees to make a note with a 80% loan-to-value (LTV) so they will extend $200,000 on the project. The terms of the note also stipulate a four point origination fee which will be paid at closing and a 6 month, interest only note with a 10% interest rate.

Eloise will have to bring $50,000 to closing (20% on the 80% loan to value), plus she will need to pay the $8,000 origination fee. she must then pay $1,667 monthly to the lender. At the end of the note, she sells the rehabed property for $375,000. After deducting the $10,000 in interest payments ($1,667 multiplied by 6 months), the $8,000 origination fee, the $200,000 principle amount on the note, and the $50,000 she contributed to closing, she will make a gross profit of $107,000 ($375,000 sales price minus $268,000 in total costs). This profit would then be reduced by any building costs paid out of pocket.

Loan Example 2

Laurie is a real estate investor in Denver, CO. She finds an older house for a remodeling project and takes a fix and flip loan from Brian Quigley with the following paramters:

$180,000 purchase price
55% loan to value (LTV)
6 month term
9% interest rate
1% origination fee

If Laurie achieves her goal of a $243,000 sales price, the outcome of the project will be the following:

$243,000 sales price
- $99,000 note principle (55% LTV)
- $81,000 down payment (45% on 55% LTV)
- $990 origination points (1% of the $99,000 principle amount)
- $4,455 total interest paid (6 months x 9% interest)
-----------------------
= $57,555 gross profit (doesn't include taxes or renovation costs)

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