Continuum Capital Funding

About Continuum Capital Funding

Continuum Capital Funding is hard money lender headquartered in Chicago, IL. They offer loans throughout Chicago. They provide loans for many different situations, including bridge loans, fix-and-flip hard money loans, loans for investments properties, and commercial loans. Their lending guidelines are flexible, including terms between 6 months and 1 year, loan amounts ranging from $50,000 to $3,000,000 with a maximum LTV of 75%, and rates ranging between 11.99% and 17.99%. They do not require borrowers to have a minimum credit score to receive a loan. The focus of their loans is on single family and multi family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Chicago

Lending Guidelines for Continuum Capital Funding

Below are the general loan guidelines published on the Continuum Capital Funding 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 Continuum Capital Funding.

Loan Example 1

Myrtle takes a private money loan from Continuum Capital Funding in order to rehab a property to flip in Chicago, IL. The list price of the property is $240,000. The loan to value (LTV) on the deal is 85%. This means that Myrtle will have to bring 15% of the purchase price to closing and the principle will be $204,000 on the deal. The loan is interest-only, with monthly payments, and is for 6 months at 14% interest with 1 origination points paid at closing.

Myrtle will have to bring $36,000 at the closing (15% on the 85% loan to value), plus she will need to pay the $2,040 origination fee. she will then pay $2,380 monthly to the lender. If Myrtle achieves her goal of a $288,000 total sales price when the loan expires, she would earn a gross profit of $31,680 after re-paying the principle on the note and subtracting the money she brought to closing, the origination points, and the total monthly interest payments.

Loan Example 2

Frank takes a private money loan from Continuum Capital Funding so he can rehab a house to re-sell in Chicago, IL. The loan has the following terms:

a) A $240,000 purchase price, b) a 50% loan to value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 2% origination fee.

Frank intends to list the property at the end of the term for $336,000. If he succeeds, the final numbers will be the following:

$336,000 sales price
- $120,000 principle (50% LTV)
- $120,000 down payment (50% on 50% LTV)
- $2,400 origination fee (2% of the $120,000 principle)
- $7,800 total interest paid (6 months x 13% interest)
-----------------------
= $85,800 total profit (does not include taxes or rehab costs)

No Reviews Yet

Continuum Capital Funding currently has no reviews. To add a review now, click the link below:

Write a Review for Continuum Capital Funding