CCM Finance

About CCM Finance

CCM Finance is a small team of real estate investors with over 300 properties and many years of experience as Carpathian Capital Management. They specialize in private real estate loans for fix and flip projects as well as new construction. CCM offers rates as low as 10% for short term fix and flip / rehab projects and can close within days. They service the greater Minneapolis / St Paul metropolitan area.

Loan Types Offered: Hard Money Loans, Fix and Flip Loans, New Construction Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Minneapolis, St Paul

Lending Guidelines for CCM Finance

Below are the general loan guidelines published on the CCM Finance 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 CCM Finance.

Loan Example 1

Georgina takes a hard money loan from CCM Finance in order to rehab a townhome to resale in Minneapolis, MN. The price of the house is $370,000. The loan to value (LTV) on the note is 55%. This means that Georgina will bring 45% of the sales price to the closing and the principle will be $203,500 on the loan. The note is interest only, with monthly payments, and is for 12 months at 11% interest with 4 points paid at the closing.

The borrower must contribute a total of $32,400 up front to pay the $166,500 down payment plus the $8,140 origination fee. The monthly interest only payments will then be $1,865 to the lender. If Georgina sells the project for $518,000 after 12 months, she would then earn a gross profit of $117,475 after subtracting the principle of $203,500, the money paid at the close of $166,500, the origination fee of $8,140, and the total interest payments of $22,385. This profit does not account for building costs.

Loan Example 2

CCM Finance makes a hard money loan to Tommie for a rehab project in Minneapolis, MN. The loan includes the following:

a) A $190,000 purchase price, b) a 50% loan-to-value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 2% origination fee.

Based on a $256,500 sales price after the 18 month term, the outcome for this project would look like the following:

$256,500 sales price
- $95,000 principle (50% LTV)
- $95,000 cash paid at closing (50% on 50% LTV)
- $1,900 origination fee (2% of the $95,000 principle amount)
- $19,950 interest payments (18 months x 14% interest)
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= $44,650 total profit (doesn't include taxes or rehab costs)