Brickell Financial

About Brickell Financial

Brickell Financial is a private money lender based in Miami, FL offering loans throughout Florida. They offer lending solutions for a variety of situations, including hard money construction loans, private refinancing, short term bridge loans, long term rental property loans, fix-and-flip loans, and hard money loans for commercial properties. They provide terms up to 3 years and loan amounts ranging from $30,000 to $5,000,000 with a maximum LTV of 80%. They offer loans on the following property types: single family homes, multi family, apartments, offices, retail storefronts, hotels, storage facilities, senior communities, mixed use, warehouse buildings, industrial buildings, medical facilities, raw land, and churches.

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: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church

Areas Served: FL

Lending Guidelines for Brickell Financial

Below are the general loan guidelines published on the Brickell Financial 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 Brickell Financial.

Loan Example 1

Tony closes on a $320,000 rehab project in Miami, FL, using a fix and flip loan from Brickell Financial. The loan-to-value (LTV) on the note is 55%. This means that Tony will bring 45% of the purchase price to the closing and the principle amount will be $176,000 on the deal. The terms of the deal dictate a 10% note for 6 months. They also stipulate a 4 point origination fee, that will also be paid at closing.

Tony will have to contribute $144,000 at the closing (45% on the 55% loan-to-value), plus he will need to pay the $7,040 origination fee. The lender will collect $1,467 in monthly interest from the Tony. This is calculated by taking the full note value of $176,000, multiplying that by the 10% interest rate, and then dividing that number by 12. At the expiration of the loan, he sells the rehabed house for $432,000. After deducting the $8,800 in interest payments ($1,467 times 6 months), the $7,040 origination fee, the $176,000 principle amount on the loan, and the $144,000 he contributed to the closing, he will earn a total profit of $96,160 ($432,000 price minus $335,840 in costs). This amount would be reduced by any renovation costs paid out of pocket.

Loan Example 2

Lorene takes a loan from Brickell Financial so she can rehab a property to resell in Miami, FL. The deal has the following terms:

$360,000 sales price
55% loan to value (LTV)
6 month term
12% rate of interest
1% origination fee

After the rehab project is complete, if Lorene sells the house for $540,000, the numbers would be the following:

$540,000 sales price
- $198,000 note principle (55% LTV)
- $162,000 down payment (45% on 55% LTV)
- $1,980 origination points (1% of the $198,000 principle amount)
- $11,880 total interest paid (6 months x 12% interest)
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= $166,140 gross profit (doesn't include taxes or rehab costs)