CR Lending

About CR Lending

The ORIGINAL LENDER of NOT requiring any of the below: - NO Application - NO Tax Returns- NO Credit Check - NO Appraisals - NO Pre-Inspection - NO Prepay Penalty - NO Upfront Fee - NO Survey - NO Bank statements - NO Employment WE LOAN UP TO 70% ARV To get funding on your home ASAP visit our website, www.crlend.com, and apply!! CR Lending is private money lender headquartered in Prosper, TX. They provide funding throughout Texas , Tennessee, and. Florida They provide construction loans, short term loans, long term rental property loans, private commercial loans, short term fix and flip loans, and private refinancing. Their loan guidelines are versatile, including rates ranging between 10% and 12.25%, loan amounts ranging from $20,000 to $5,000,000 with a maximum LTV of 70%, and terms up to 6 months or longer. They make loans on various property types, including single family homes, multi family, offices, retail spaces, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans, Hard Money Loans

Property Types Covered: Single Family, Multi Family, Office, Retail, Land

Areas Served: TX, FL, TN

Lending Guidelines for CR Lending

Below are the general loan guidelines published on the CR 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 CR Lending.

Loan Example 1

CR Lending issues a private money loan to Milton for a renovation project in Dallas, TX, on a house that costs $400,000. The terms of the loan include a 85% loan to value (LTV), so he must bring 15% of the price as cash at closing, which makes the principle loan amount $340,000. The loan also consists of these features: 1) a 12 month length, 2) a 12% interest only note, and 3) a four point origination charge.

Milton will have to bring $60,000 to the closing (15% on the 85% loan to value), plus he will pay the $13,600 origination fee. Once the loan closes, he will pay the lender $3,400 in monthly interest fees, or 12% times $340,000 divided by 12 months in a year. If Milton sells the project for $520,000 after 12 months, he would earn a total profit of $65,600 after deducting the principle of $340,000, the money paid at closing of $60,000, the origination fee of $13,600, and the aggregate interest payments of $40,800. This profit does not account for remodeling costs.

Loan Example 2

Freddie takes a fix and flip loan from CR Lending in order to rehab a house to resell in Dallas, TX. The loan has the following parameters:

$150,000 sales price
50% loan to value (LTV)
12 month term
11% rate of interest
4% origination fee

If Freddie accomplishes his goal of a $180,000 sales price, the final numbers of the deal would be the following:

$180,000 sales price
- $75,000 principle (50% LTV)
- $75,000 cash paid at closing (50% on 50% LTV)
- $3,000 origination points (4% of the $75,000 principle amount)
- $8,250 total interest paid (12 months x 11% interest)
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= $18,750 total profit (does not include taxes or renovation costs)