Failla Funding

About Failla Funding

Based in Staten Island, NY, Failla Funding is a hard money lender providing funding all throughout the US. They offer lending solutions for a variety of situations, including builder loans, long term rental property loans, fix-and-flip hard money loans, private commercial loans, refinancing, and hard money bridge loans. They will make loans on the following property types: single family units, multi-family units, apartments, office units, retail storefronts, hotels, storage facilities, assisted living communities, mixed use buildings, undeveloped land, churches, and warehouse spaces.

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

Areas Served: National

Lending Guidelines for Failla Funding

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

Loan Example 1

Failla Funding makes a hard money loan to Becky for a renovation project in Nashville, TN, on a house that costs $310,000. The borrower will need to bring 40% of the sales price in cash to closing based on a 60% loan to value set by the lender. This makes the principle note from Failla Funding $186,000. The note is interest only, with monthly payments, and is for 12 months at 11% interest with 3 origination points paid at the closing.

The borrower must bring a total of $32,400 up front to cover the $124,000 down payment in addition to the $5,580 origination fee. she must then pay $1,705 monthly to the lender. If Becky sells the project for $387,500 after 12 months, she would then realize a total profit of $51,460 after deducting the principle of $186,000, the funds contributed at the close of $124,000, the origination fee of $5,580, and the aggregate interest payments of $20,460. This gross profit doesn't account for building costs.

Loan Example 2

Failla Funding issues a fix and flip loan to Clifford for a remodeling project in Orlando, FL. The loan dictates the following:

$180,000 purchase price
70% loan-to-value (LTV)
12 month term
14% rate of interest
5% origination fee

Assuming a $270,000 sales price after the 12 month term, the outcome for this deal would look like the following:

$270,000 sales price
- $126,000 note principle (70% LTV)
- $54,000 down payment (30% on 70% LTV)
- $6,300 origination fee (5% of the $126,000 principle)
- $17,640 total interest paid (12 months x 14% interest)
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= $66,060 total profit (doesn't include taxes or renovation costs)

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