Equity Lending Inc

About Equity Lending Inc

Equity Lending Inc is a private money lender based in North Potomac, MD providing funding in Washington DC. They provide private commercial loans, hard money bridge loans, buy and hold loans, cash out hard money loans, fix and flip loans, and ground up construction loans. Their lending guidelines are versatile, including loan amounts ranging from $100,000 to $10,000,000 with a maximum LTV of 65%, rates ranging between 12% and 14%, and terms between 4 months and 6 months. They offer loans on numerous types of properties, including multi-family units, apartment buildings, office units, retail units, mixed use buildings, single family, and raw land.

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: Multi Family, Apartment, Office, Retail, Mixed Use, Single Family, Land

Areas Served: Washington DC

Lending Guidelines for Equity Lending Inc

Below are the general loan guidelines published on the Equity Lending Inc 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 Lending Inc.

Loan Example 1

Equity Lending Inc makes a fix and flip loan to Mandy for a remodeling project in Washington DC, DC, on a house that is listed for $380,000. The lender agrees to write a loan with a 65% loan to value (LTV) so they will loan $247,000 on the property. The note is interest only, with monthly payments, and is for 12 months at 12% interest with 5 origination points paid at the closing.

Therefore, the borrower will have to make a $133,000 down payment plus pay a $12,350 origination fee. Once the deal is executed and Mandy takes the property, she will need to begin making payments each month of $2,470 to Equity Lending Inc ($247,000 principle x 12% / 12 months). If she sells the renovated project for $551,000 at the end of the 12 month term, her total profit (not accounting for renovation expenses) would be $129,010. This is computed by taking the sales price ($551,000) and subtracting the original principle ($247,000), the origination fee ($12,350), the money she contributed to closing ($133,000), and the total interest payments ($29,640).

Loan Example 2

Annie takes a hard money loan from Equity Lending Inc so she can renovate a house to flip in Washington DC, DC. The loan has the following parameters:

a) A $150,000 sales price, b) a 75% loan to value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 5% origination fee.

If Annie achieves her goal of a $180,000 sales price, the numbers of the deal would be the following:

$180,000 sales price
- $112,500 principle on note (75% LTV)
- $37,500 down payment (25% on 75% LTV)
- $5,625 origination fee (5% of the $112,500 principle amount)
- $4,500 total interest paid (6 months x 8% interest)
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= $19,875 total profit (doesn't include taxes or rehab costs)

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