Endeavor Capital

About Endeavor Capital

Endeavor Capital is private lender headquartered in Boston, MA. They offer funding in Boston. They offer hard money loans for commercial properties and short term loans. They offer loan amounts ranging from $100,000 to $10,000,000 with a maximum LTV of 70% and terms between 6 months and 2 years. They provide loans on many types of properties, including multi-family, apartment buildings, office buildings, retail storefronts, hotels, storage facilities, senior living facilities, mixed use buildings, warehouses, industrial buildings, medical facilities, and raw land.

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, Land

Areas Served: Boston

Lending Guidelines for Endeavor Capital

Below are the general loan guidelines published on the Endeavor Capital 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 Endeavor Capital.

Loan Example 1

To facilitate his growing business, Nicholas needs to purchase a new office building. After being denied a standard loan from his bank, he obtains a commercial hard money loan from Endeavor Capital. Since the borrower and lender agree to a 70% loan to value (LTV), Nicholas will fund $117,000 at closing and the principle will be $273,000 since the cost of the new building is $390,000. The lender also requires the following terms to the transaction: 1) a 13% rate of interest, 2) a 12 month length with interest-only payments to be made each month, 3) an origination fee of 3 percent paid by the borrower when the deal closes, and 4) no penalty for pre-payment. Nicholas may eliminate the loan at any time if he pays back the $273,000 in principle, but he will need to make $2,958 per month interest payments ($273,000 principle x 13% interest rate / 12 months per year) in the meantime, or up to the point the loan expires. Because there isn't a pre-payment penalty, the only additional expense he would have is the $8,190 origination points which he will contribute at the close.

Loan Example 2

Craig is a real estate investor in Boston, MA. He buys a run-down property for a remodeling project and obtains a bridge loan from Endeavor Capital with the following terms:

$240,000 sales price
75% loan-to-value (LTV)
18 month term
13% interest rate
3% origination fee

Craig intends to sell the project when the note expires for $324,000. If he achieves this goal, the final numbers would be as follows:

$324,000 sales price
- $180,000 note principle (75% LTV)
- $60,000 cash paid at closing (25% on 75% LTV)
- $5,400 origination fee (3% of the $180,000 principle amount)
- $35,100 total interest paid (18 months x 13% interest)
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= $43,500 total profit (does not include taxes or rehab costs)

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