Creative Hard Money LLC

About Creative Hard Money LLC

Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States. They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up construction loans, and private commercial loans. Their lending guidelines are versatile, including loan amounts starting from $50,000 with a maximum LTV of 65% and terms between 6 months and 1 year. They are able to lend funds to any borrower based on the value of the property but also require a minimum FICO rating of 620. They provide loans on all of the following property types: single family units, multi family, apartment buildings, offices, retail storefronts, hotels and motels, storage buildings, senior housing facilities, mixed use spaces, raw land, churches, and warehouse buildings.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse

Areas Served: National

Lending Guidelines for Creative Hard Money LLC

Below are the general loan guidelines published on the Creative Hard Money LLC 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 Creative Hard Money LLC.

Loan Example 1

Derek closes on a $240,000 rehab project in Flushing, NY, using a fix-and-flip loan from Creative Hard Money LLC. The terms of the loan include a 70% loan to value (LTV), so he must contribute 30% of the price as cash at closing, which makes the principle loan amount $168,000. The note is interest only, with monthly payments, and is for 6 months at 11% interest with 4 origination points to be paid at closing.

Derek will need to contribute $72,000 at closing (30% on the 70% loan to value), plus he will pay the $6,720 origination fee. he will then pay $1,540 monthly to Creative Hard Money LLC. Derek's intention is to complete the remodel within the 6 months and sell it for $288,000. If he succeeds he will earn a gross profit of $32,040 ($288,000 price - $168,000 principle amount - $72,000 cash at closing - $6,720 origination points - $9,240 in total interest paid.

Loan Example 2

Creative Hard Money LLC issues a hard money loan to Krista for a remodeling project in Alexandria, VA. The loan includes the following:

a) A $160,000 sales price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 4% origination fee.

If Krista achieves her goal of a $224,000 sales price, the outcome of the deal would be the following:

$224,000 sales price
- $80,000 principle (50% LTV)
- $80,000 down payment (50% on 50% LTV)
- $3,200 origination fee (4% of the $80,000 principle)
- $4,400 interest payments (6 months x 11% interest)
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= $56,400 total profit (doesn't include taxes or renovation costs)