EDM Realty Corp

About EDM Realty Corp

EDM Realty Corp is a San Francisco, CA based private money lender. They provide loans throughout California. They offer loans for a variety of needs and situations, including fix-and-flip loans and private commercial loans. They offer rates ranging between 9% and 10.5%, loan amounts ranging from $300,000 to $3,000,000 with a maximum LTV of 75%, and terms between 1 year and 5 years. They provide loans on all the following property types: single family homes, multi-family, office buildings, retail storefronts, industrial buildings, and mixed use buildings.

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

Property Types Covered: Single Family, Multi Family, Office, Retail, Industrial, Mixed Use

Areas Served: CA

Lending Guidelines for EDM Realty Corp

Below are the general loan guidelines published on the EDM Realty Corp 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 EDM Realty Corp.

Loan Example 1

Melvin finds a townhouse in Los Angeles, CA to rehab and resell. Since he does not have enough cash available to acquire the $190,000 house outright, he decides to take out a fix and flip loan from EDM Realty Corp. The terms of the loan include a 65% loan to value (LTV), so he must contribute 35% of the price as cash to closing, which makes the principle note amount $123,500. The rate on the note is 9% for a term of 18 months and the company requires a four point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be returned after the property sells.

Melvin will have to contribute $66,500 at closing (35% on the 65% LTV), plus he will pay the $4,940 origination fee. The monthly interest-only payments will then total $926 to EDM Realty Corp. If Melvin accomplishes his goal of a $256,500 sales price at the end of the loan term, he would pocket a gross profit of $44,888 after repaying the principle amount and deducting the cash he contributed at closing, the origination points, and the total interest payments.

Loan Example 2

Lewis takes a private money loan from EDM Realty Corp in order to remodel a townhouse to flip in Los Angeles, CA. The deal has the following parameters:

$150,000 purchase price
55% loan-to-value (LTV)
6 month term
11% interest rate
2% origination fee

Lewis plans to sell the house at the end of the term for $202,500. If he achieves this goal, the deal numbers would be the following:

$202,500 sales price
- $82,500 principle (55% LTV)
- $67,500 cash paid at closing (45% on 55% LTV)
- $1,650 origination points (2% of the $82,500 principle)
- $4,538 total interest paid (6 months x 11% interest)
-----------------------
= $46,313 total profit (does not include taxes or renovation costs)

No Reviews Yet

EDM Realty Corp currently has no reviews. To add a review now, click the link below:

Write a Review for EDM Realty Corp