Equity Funding

About Equity Funding

Equity Funding is a Bellevue, WA based private lender who offers loans in Bellevue. They offer lending solutions for a variety of situations and needs, including private commercial loans and fix and flip hard money loans. They issue loans with a maximum LTV of 75% and terms between 3 months and 3 years. They will make loans on many property types, including single family residences, multi family residences, apartments, offices, retail units, mixed use buildings, warehouse spaces, industrial buildings, and raw land.

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

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

Areas Served: Bellevue

Lending Guidelines for Equity Funding

Below are the general loan guidelines published on the Equity Funding 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 Funding.

Loan Example 1

Equity Funding makes a fix-and-flip loan to Maxine for a renovation project in Bellevue, WA, on a house that is listed for $340,000. The borrower will need to contribute 25% of the purchase price in cash to the closing based on a 75% loan to value set by the lending company. This makes the principle note from Equity Funding $255,000. The terms of the loan dictate a 11% note for 12 months. They also stipulate a 2 point origination fee, that will also need to be paid upon closing.

The borrower will need to contribute a total of $32,400 up front to pay the $85,000 down payment in addition to the $5,100 origination fee. After the loan closes, she will have to pay Equity Funding $2,338 in monthly interest payments, or 11% times $255,000 divided by 12 months in the year. If Maxine meets her goal of a $459,000 sales price when the loan expires, she would collect a total profit of $85,850 after re-paying the principle on the note and deducting the money she brought to closing, the origination fee, and the total interest payments.

Loan Example 2

Nicholas is a an investor in Bellevue, WA. He buys a run-down house for a rehab project and takes out a hard money loan from Equity Funding with the following terms:

$370,000 purchase price
55% loan-to-value (LTV)
18 month term
13% interest rate
1% origination fee

If Nicholas achieves his goal of a $555,000 sales price, the numbers of the deal would be as follows:

$555,000 sales price
- $203,500 principle on note (55% LTV)
- $166,500 down payment (45% on 55% LTV)
- $2,035 origination points (1% of the $203,500 principle amount)
- $39,683 interest payments (18 months x 13% interest)
-----------------------
= $143,283 total profit (doesn't include taxes or renovation costs)

No Reviews Yet

Equity Funding currently has no reviews. To add a review now, click the link below:

Write a Review for Equity Funding