Caffrey & Company

About Caffrey & Company

Headquartered in Overland Park, KS, Caffrey & Company is an asset-based lender providing funding across the country. Their focus is primarily on hard money loans for commercial properties. They issue loan amounts ranging from $500,000 to $100,000,000 with a maximum LTV of 85%. They make loans on most types of properties, including multi-family, apartments, offices, retail spaces, hotels and motels, storage facilities, senior facilities, mixed use buildings, warehouses, industrial buildings, and medical facilities.

Loan Types Offered: Commercial Hard Money Loans

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

Areas Served: National

Lending Guidelines for Caffrey & Company

Below are the general loan guidelines published on the Caffrey & Company 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 Caffrey & Company.

Loan Example 1

To accommodate his small business, Eddie needs to buy a new warehouse. After being denied a conventional mortgage loan from his credit union, he secures a commercial private money loan from Caffrey & Company. Since the lender and borrower agree on a 80% loan-to-value (LTV), Eddie will fund $54,000 at the close and the loan principle will be $216,000 since the cost of the new property is $270,000. In addition, the lender requires a 4 percent origination fee along with the 8%, 12 month term on the note. They agree to not enforce a pre-payment penalty in the event that Eddie pays off the loan before it expires. Eddie will be required to pay the origination fee of $8,640 and he will then begin making the interest payments in the amount of $1,440 ($216,000 principle amount x 8% interest / 12 months). He can re-pay the note whenever he decides to because there is no pre-payment penalty but he is responsible for paying off the principle whenever he closes the loan.

Loan Example 2

Jared takes out a hard money loan from Caffrey & Company in order to rehab a townhome to re-sell in Scottsdale, AZ. The loan has the following terms:

a) A $370,000 sales price, b) a 55% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 1% origination fee.

Jared plans to sell the property at the end of the term for $499,500. If he succeeds, the outcome will be the following:

$499,500 sales price
- $203,500 loan principle (55% LTV)
- $166,500 down payment (45% on 55% LTV)
- $2,035 origination fee (1% of the $203,500 principle amount)
- $27,473 total interest paid (18 months x 9% interest)
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= $99,993 total profit (doesn't include taxes or renovation costs)

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