Crossroads Investment Lending

About Crossroads Investment Lending

Crossroads Investment Lending is an Overland Park, KS based private lender providing loans throughout Kansas City. They provide short term bridge loans and fix and flip hard money loans. They provide rates ranging between 12% and 16% and loans with a maximum LTV of 65%. Their lending guidelines include a minimum FICO score of 620. They will consider various loan requests but mainly focus on single family units and multi-family units.

Loan Types Offered: Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Kansas City

Lending Guidelines for Crossroads Investment Lending

Below are the general loan guidelines published on the Crossroads Investment 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 Crossroads Investment Lending.

Loan Example 1

Crossroads Investment Lending makes a fix-and-flip loan to Agnes for a renovation project in Kansas City, KS, on a property that costs $270,000. The borrower will be required to fund 45% of the purchase price in cash to the closing based on a 55% loan-to-value stipulated by the lender. This makes the principle note from Crossroads Investment Lending $148,500. The interest rate on the loan is 8% for a term of 12 months and the company requires a two point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle amount will be returned after the property sells.

Therefore, Agnes will need to make a $121,500 down payment plus pay a $2,970 origination fee. After the loan is closed and Agnes takes the project, she will begin making payments each month of $990 to the lender ($148,500 principle x 8% / 12 months). If Agnes meets her goal of a $337,500 sales price at the end of the loan term, she would collect a gross profit of $52,650 after re-paying the principle amount and deducting the cash she brought to closing, the origination fee, and the total monthly interest payments.

Loan Example 2

Rodney takes out a fix and flip loan from Crossroads Investment Lending so he can rehab a townhome to resell in Kansas City, KS. The deal has the following terms:

a) A $330,000 sales price, b) a 60% loan-to-value (LTV), c) a 6 month term, d) a 10% interest rate, and e) a 1% origination fee.

Based on a $396,000 sales price after the 6 month term, the final numbers for this deal would look like the following:

$396,000 sales price
- $198,000 principle on note (60% LTV)
- $132,000 down payment (40% on 60% LTV)
- $1,980 origination points (1% of the $198,000 principle)
- $9,900 total interest paid (6 months x 10% interest)
-----------------------
= $54,120 gross profit (does not include taxes or rehab costs)

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