Commercial Lender Link

About Commercial Lender Link

Based in Port Jefferson, NY, Commercial Lender Link is a private money lender offering loans throughout New York. They offer lending solutions for many different situations, including short term bridge loans, buy and hold loans, commercial loans, fix-and-flip hard money loans, and private refinancing. Their loan parameters are flexible, including loan amounts ranging from $100,000 to $20,000,000 with a maximum LTV of 75%. They provide loans on various types of properties, including single family residences, multi-family, apartment buildings, office units, retail storefronts, hotels, storage buildings, senior communities, and mixed use buildings.

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, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use

Areas Served: NY

Lending Guidelines for Commercial Lender Link

Below are the general loan guidelines published on the Commercial Lender Link 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 Commercial Lender Link.

Loan Example 1

Commercial Lender Link issues a private money loan to Felix for a rehab project in Brooklyn, NY, on a house that is listed for $360,000. The loan-to-value (LTV) on the note is 80%. This means that Felix will bring 20% of the sales price to the closing and the principle will be $288,000 on the loan. The interest rate on the note is 10% for a length of 12 months and the company requires a three point origination fee at the close. The interest is to be paid monthly and the principle amount will be repaid after the property sells.

On top of the $8,640 origination fee, Felix will also need to fund $72,000 of the purchase with his own money, or 20% of the sales price. The monthly interest only payments will then total $2,400 to the lender. If Felix accomplishes his goal of a $486,000 sales price when the loan expires, he would collect a total profit of $88,560 after re-paying the principle amount and subtracting the money he contributed at closing, the origination fee, and the total monthly interest payments.

Loan Example 2

Nicole is a an investor in Brooklyn, NY. She finds an older house for a rehab project and obtains a fix and flip loan from Commercial Lender Link with the following paramters:

$240,000 purchase price
50% loan-to-value (LTV)
18 month term
12% rate of interest
3% origination fee

After the renovation project is completed, if Nicole sells the house for $288,000, the numbers would be as follows:

$288,000 sales price
- $120,000 loan principle (50% LTV)
- $120,000 down payment (50% on 50% LTV)
- $3,600 origination points (3% of the $120,000 principle amount)
- $21,600 total interest paid (18 months x 12% interest)
-----------------------
= $22,800 total profit (does not include taxes or renovation costs)

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