Equity 360 LLC

About Equity 360 LLC

Equity 360 LLC is private lender based in Carpentersville, IL. They provide loans throughout the United States. They provide loans for many different situations, including commercial loans, bridge loans, hard money refinancing, builder loans, loans for rental properties, and fix and flip loans. Their lending guidelines are versatile, including rates starting at 9% , loan amounts ranging from $1,000,000 to $100,000,000 with a maximum LTV of 65%, and terms between 12 months and 36 months. They will make loans on most property types, including single family homes, multi family, apartments, office buildings, retail storefronts, hotels, storage buildings, senior communities, mixed use buildings, undeveloped land, churches, warehouse buildings, industrial facilities, and medical buildings.

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

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

Areas Served: National

Lending Guidelines for Equity 360 LLC

Below are the general loan guidelines published on the Equity 360 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 Equity 360 LLC.

Loan Example 1

Antoinette closes on a $250,000 rehab project in Corpus Christi, TX, using a fix-and-flip loan from Equity 360 LLC. The lender agrees to write a note with a 55% loan to value (LTV) so they will extend $137,500 on the project. The deal also has the following features: 1) a 12 month length, 2) a 10% interest only note, and 3) a two point origination fee.

By the terms of the deal, Antoinette will be required to pay a $2,750 origination fee plus 45% of the purchase price, or $112,500, since there is a 55% LTV. she must then pay $1,146 per month to Equity 360 LLC. Assuming she sells the renovated house for $300,000 at the end of the 12 month term, her total profit (not including renovation expenses) would be $33,500. This is calculated by taking the purchase price ($300,000) and subtracting the original note amount ($137,500), the origination cost ($2,750), the cash she brought to closing ($112,500), and the total interest payments ($13,750).

Loan Example 2

Patricia takes a loan from Equity 360 LLC so she can remodel a townhouse to flip in Houston, TX. The loan has the following parameters:

a) A $370,000 sales price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 2% origination fee.

If Patricia succeeds in her goal of a $444,000 sales price, the final numbers of the deal would be the following:

$444,000 sales price
- $296,000 principle on note (80% LTV)
- $74,000 cash paid at closing (20% on 80% LTV)
- $5,920 origination points (2% of the $296,000 principle amount)
- $62,160 total interest paid (18 months x 14% interest)
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= $5,920 total profit (does not include taxes or rehab costs)

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