CME Real Estate & Loan Services
333 1st St
San Francisco, CA 94105
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About CME Real Estate & Loan Services
CME Real Estate & Loan Services is a San Francisco, CA based hard money lender who offers loans all throughout the United States. They offer private commercial loans, long term rental property loans, ground-up construction loans, and fix and flip hard money loans. They will make loans on various types of properties, including single family residences, multi family residences, offices, retail storefronts, industrial buildings, and mixed use spaces.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans
Property Types Covered: Single Family, Multi Family, Office, Retail, Industrial, Mixed Use
Areas Served: National
Licenses: DRE # 01341473, NMLS # 316802
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Lending Guidelines for CME Real Estate & Loan Services
Below are the general loan guidelines published on the CME Real Estate & Loan Services website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/AFix and Flip Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ANew Construction Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by CME Real Estate & Loan Services.
Loan Example 1
Kerri is a real estate investor in San Bernardino, CA. She finds a run-down property for sale and decides to rehab it and sell it for a profit. The house has a cost of $180,000 but she does not have the full amount so she takes a fix-and-flip loan with CME Real Estate & Loan Services. The borrower will be required to contribute 15% of the purchase price in cash to the closing based on a 85% loan-to-value stipulated by the lender. This makes the loan principle from CME Real Estate & Loan Services $153,000. The rate on the note is 14% for a term of 12 months and the lender requires a four point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be paid back after the sale of the property.
By the parameters of the note, Kerri will have to pay a $6,120 origination fee plus 15% of the purchase price, or $27,000, since there is a 85% LTV. Once the loan closes, she will have to pay the lender $1,785 in monthly interest fees, or 14% times $153,000 divided by 12 months in the year. Kerri's intention is to complete the project within the 12 months and sell it for $216,000. If she succeeds she will collect a total profit of $8,460 ($216,000 sales price - $153,000 principle - $27,000 funds brough to closing - $6,120 origination points - $21,420 in total interest paid.
Loan Example 2
CME Real Estate & Loan Services makes a fix and flip loan to William for a rehab project in Salem, OR. The deal dictates the following:
a) A $380,000 sales price, b) a 65% loan to value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 5% origination fee.
Based on a $475,000 sales price after the 12 month term, the outcome for the deal would look like this:
$475,000 sales price
- $247,000 principle (65% LTV)
- $133,000 cash paid at closing (35% on 65% LTV)
- $12,350 origination points (5% of the $247,000 principle amount)
- $27,170 interest payments (12 months x 11% interest)
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= $55,480 total profit (does not include taxes or rehab costs) -
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