CIVIC Private Money Lending

About CIVIC Private Money Lending

CIVIC Private Money Lending is a Redondo Beach, CA based hard money lender offering funding in 10 states throughout the country. They provide loans for a variety of scenarios, including private refinancing, fix and flip hard money loans, hard money bridge loans, and buy and hold loans. Their loan guidelines are flexible, including terms between 12 months and 48 months, loan amounts ranging from $100,000 to $5,000,000 with a maximum LTV of 80%, and rates ranging between 8.5% and 10.5%. They do not require a minimum FICO score to receive a loan. They will consider varying loan requests but usually focus on single family residences and multi family residences.

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

Property Types Covered: Single Family, Multi Family

Areas Served: AZ, CA, CO, FL, GA, HI, NV, OR, TX, WA

Licenses: NMLS 1099109, DBO License #603L321, AZ Mortgage Broker License #092863, CO Mortgage Company Registration, ID Mortgage Broker/Lender License #MBL-8288, FL Mortgage Lender Servicer License #MLD1536, NV Mortgage License MB4419, NV Broker License #4443, NV NMLS ID #1410002, OR Mortgage Lending License #ML-5282, TN Mortgage License #136082, UT DRE Mortgage Entity License #10570639, WA Consumer Loan Company License #CL-1099109

Lending Guidelines for CIVIC Private Money Lending

Below are the general loan guidelines published on the CIVIC Private Money Lending 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 CIVIC Private Money Lending.

Loan Example 1

Kent is a house flipper in Houston, TX. He finds a run-down property for sale and decides to remodel it and sell it for a profit. The house costs $200,000 but he doesn't have the full amount so he obtains a hard money loan with CIVIC Private Money Lending. The borrower will need to bring 40% of the purchase price in cash to the closing based on a 60% loan-to-value set by the lender. This makes the loan principle from CIVIC Private Money Lending $120,000. The interest rate on the loan is 11% for a term of 12 months and the company requires a four point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle will be repaid after the property sells.

The borrower will need to fund a total of $32,400 up front to pay the $80,000 down payment plus the $4,800 origination fee. The monthly interest only payments will then total $1,100 to the lender. Kent's plan is to complete the house within the 12 months and sell it for $290,000. If he succeeds he will collect a gross profit of $72,000 ($290,000 price - $120,000 principle amount - $80,000 down payment - $4,800 origination fee - $13,200 in interest.

Loan Example 2

Eric finds a duplex in Houston, TX to remodel and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from CIVIC Private Money Lending with the following parameters:

$390,000 sales price
55% loan to value (LTV)
6 month term
10% interest rate
1% origination fee

After the rehab project is complete, if Eric sells the project for $487,500, the numbers would be the following:

$487,500 sales price
- $214,500 loan principle (55% LTV)
- $175,500 cash paid at closing (45% on 55% LTV)
- $2,145 origination points (1% of the $214,500 principle amount)
- $10,725 interest payments (6 months x 10% interest)
-----------------------
= $84,630 total profit (does not include taxes or renovation costs)

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