CDC Financial Corp

About CDC Financial Corp

CDC Financial Corp is a Davie, FL based hard money lender who offers loans in Broward County, Miami-Dade County, and Palm Beach County. They provide lending solutions for many different situations and needs, including investment property loans, commercial loans, fix-and-flip hard money loans, private refinancing, and short term loans. They offer loans with a maximum LTV of 65% and terms between 24 months and 36 months. They primarily make loans on single family and multi family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: Broward County, Miami-Dade County, Palm Beach County

Licenses: NATIONWIDE MORTGAGE LICENSING SYSTEM / LICENSE NUMBERS, CDC Financial Corp. : NMLS 381082, Chris Cory : NMLS 368933

Lending Guidelines for CDC Financial Corp

Below are the general loan guidelines published on the CDC Financial Corp 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 CDC Financial Corp.

Loan Example 1

Ada is a house flipper in Miami, FL. She finds an older property and wants to renovate it and flip it for a profit. The property has a cost of $310,000 but she does not have the full amount so she obtains a hard money loan with CDC Financial Corp. The terms of the deal include a 70% loan-to-value (LTV), so she must contribute 30% of the price as cash to closing, which makes the principle note amount $217,000. The loan is interest-only, paid monthly, and is for 12 months at 9% interest with 4 origination points paid when the deal closes.

In accordance with the terms of the deal, Ada will have to contribute a $8,680 origination fee plus 30% of the sales price, or $93,000, based on the 70% LTV. Once the deal closes, she will pay CDC Financial Corp $1,628 in monthly interest payments, or 9% times $217,000 divided by 12 months in a year. If she sells the renovated project for $403,000 at the end of the 12 month term, her total profit (not including renovation costs) would be $64,790. This is calculated by taking the sales price ($403,000) and subtracting the original principle ($217,000), the origination fee ($8,680), the cash she brought to closing ($93,000), and the total interest payments ($19,530).

Loan Example 2

Raul takes out a hard money loan from CDC Financial Corp so he can renovate a townhouse to resell in Miami, FL. The deal has the following terms:

a) A $390,000 purchase price, b) a 60% loan to value (LTV), c) a 12 month term, d) a 12% interest rate, and e) a 1% origination fee.

After the rehab project is finished, if Raul sells the property for $526,500, the numbers would be as follows:

$526,500 sales price
- $234,000 note principle (60% LTV)
- $156,000 cash paid at closing (40% on 60% LTV)
- $2,340 origination fee (1% of the $234,000 principle)
- $28,080 total interest paid (12 months x 12% interest)
-----------------------
= $106,080 total profit (doesn't include taxes or renovation costs)

No Reviews Yet

CDC Financial Corp currently has no reviews. To add a review now, click the link below:

Write a Review for CDC Financial Corp