Customer Credit Finance

About Customer Credit Finance

Based in Helotes, TX, Customer Credit Finance is an asset-based lender providing funding all throughout the US. They provide lending solutions for a variety of scenarios, including short term loans and private commercial loans. They provide loans on numerous types of properties, including multi-family, apartment buildings, office units, retail units, hotels, storage buildings, senior living communities, mixed use spaces, warehouses, industrial buildings, and medical facilities.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for Customer Credit Finance

Below are the general loan guidelines published on the Customer Credit Finance 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 Customer Credit Finance.

Loan Example 1

To facilitate his small business, Dwight decides to purchase a new office building. After being denied a commercial mortgage from his bank, he applies for a commercial private money loan from Customer Credit Finance. The list price of the building is $280,000 and the lender agrees to fund 50% of the cost (the loan to value / "LTV"), or $140,000. The other $140,000 will be contributed by the borrower when the deal is closed. The deal also dictates a 12 month length, a 12% interest rate, interest only payments paid each month with a balloon payment at the end of the note (without a pre-payment penalty), and a 2 point origination charge. Dwight will be required to pay the origination fee of $2,800 and he will then start making the interest payments of $1,400 ($140,000 principle amount x 12% interest / 12 months in a year). He can repay the note whenever he wants to since there is not a pre-payment penalty but he will be responsible for the full principle amount when he concludes the loan.

Loan Example 2

Jeannette locates a property in Reading, PA to remodel and sell. Because she does not have enough cash to buy the property outright, she takes a bridge loan from Customer Credit Finance with the following parameters:

a) A $390,000 purchase price, b) a 55% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 4% origination fee.

Jeannette intends to list the property at the end of the term for $546,000. If she accomplishes her goal, the outcome will be as follows:

$546,000 sales price
- $214,500 note principle (55% LTV)
- $175,500 cash paid at closing (45% on 55% LTV)
- $8,580 origination fee (4% of the $214,500 principle)
- $19,305 interest payments (12 months x 9% interest)
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= $128,115 total profit (does not include taxes or rehab costs)

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