Commercial Funding Solutions
666 Washington Road, Suite 200
Pittsburgh, PA 15228
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About Commercial Funding Solutions
Commercial Funding Solutions is a Pittsburgh, PA based private money lender who provides funding all throughout the US. They offer commercial hard money loans and bridge loans. Their loan parameters are versatile, including rates ranging between 9% and 14% and loan amounts ranging from $100,000 to $100,000,000 with a maximum LTV of 80%. They make loans on numerous property types, including multi family residences, apartment buildings, office buildings, retail spaces, hotels and motels, storage buildings, senior communities, mixed use, warehouse buildings, industrial facilities, medical offices, and undeveloped land.
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Loan Types Offered: Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land
Areas Served: National
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Lending Guidelines for Commercial Funding Solutions
Below are the general loan guidelines published on the Commercial Funding Solutions website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money Loans
Loan Amounts: $100,000 - $100,000,000
Available Rates: 9% - 14%
Typical Terms: N/A
Points Charged: 1% - 4%
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 - 30 DaysBridge Loans
Loan Amounts: $100,000 - $100,000,000
Available Rates: 9% - 14%
Typical Terms: N/A
Points Charged: 1% - 4%
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 - 30 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Commercial Funding Solutions.
Loan Example 1
To accommodate his small business, Jared decides to buy a new building. After being denied a conforming loan from his local bank, he applies for a commercial private money loan from Commercial Funding Solutions. The property is listed for $340,000. Based on a 55% loan to value (LTV) stipulated by the lender, the loan principle is $187,000. The additional $153,000 will be be funded by the borrower. Additionally, the lender will collect a 1 percent origination fee along with the 13%, 12 month term on the note. They will not enforce a pre-payment penalty in the event that Jared pays off the note early. By the parameters of the deal, Jared will be required to pay an origination fee of $1,870 at the closing (1% x $187,000 principle) and will then make payments of $2,026 per month ($187,000 principle x 13% interest / 12 months per year). he will also make a balloon payment of the $187,000 principle upon expiration of the loan, or before if he chooses.
Loan Example 2
Justine takes out a bridge loan from Commercial Funding Solutions in order to remodel a townhome to re-sell in Tacoma, WA. The loan has the following parameters:
a) A $280,000 purchase price, b) a 70% loan to value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 4% origination fee.
Based on a $336,000 sales price after the 12 month term, the final numbers for this project would look like this:
$336,000 sales price
- $196,000 loan principle (70% LTV)
- $84,000 down payment (30% on 70% LTV)
- $7,840 origination fee (4% of the $196,000 principle)
- $27,440 interest payments (12 months x 14% interest)
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= $20,720 total profit (does not include taxes or rehab costs) -
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