Fairview Commercial Lending

About Fairview Commercial Lending

Fairview Commercial Lending is a Sandy Springs, GA based private money lender. They offer loans throughout Colorado, Florida, Georgia, and Illinois. They provide lending solutions for many different scenarios, including private commercial loans, short term fix and flip loans, and buy and hold loans. Their lending parameters are versatile, including terms up to 10 years and loan amounts ranging from $150,000 to $3,000,000 with a maximum LTV of 60%. They are able to lend funds to any borrower based on the value of the property and do not require a minimum FICO score. They provide loans on numerous property types, including single family homes, multi family residences, apartments, offices, retail spaces, mixed use, undeveloped land, warehouse buildings, industrial facilities, and medical facilities.

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

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

Areas Served: CO, FL, GA, IL

Lending Guidelines for Fairview Commercial Lending

Below are the general loan guidelines published on the Fairview Commercial Lending 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 Fairview Commercial Lending.

Loan Example 1

Leroy closes on a $210,000 rehab project in Chicago, IL, using a hard money loan from Fairview Commercial Lending. The borrower will be required to fund 40% of the purchase price in cash to the closing based on a 60% loan to value stipulated by the lending company. This makes the principle amount from Fairview Commercial Lending $126,000. The deal also includes these features: 1) a 18 month term, 2) a 10% interest-only note, and 3) a five point origination fee.

Leroy will need to bring $84,000 to the closing (40% on the 60% loan-to-value), plus he will pay the $6,300 origination fee. he must then pay $1,050 monthly to the lender. If Leroy accomplishes his goal of a $273,000 sales price when the loan term expires, he would make a gross profit of $37,800 after re-paying the principle amount and subtracting the money he paid at closing, the origination points, and the total interest payments.

Loan Example 2

Iva is a an investor in Chicago, IL. She purchases a run-down property for a rehab project and obtains a private money loan from Fairview Commercial Lending with the following features:

a) A $260,000 purchase price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 1% origination fee.

If Iva achieves her goal of a $364,000 sales price, the outcome of the project would be the following:

$364,000 sales price
- $130,000 note principle (50% LTV)
- $130,000 cash paid at closing (50% on 50% LTV)
- $1,300 origination fee (1% of the $130,000 principle)
- $9,100 total interest paid (6 months x 14% interest)
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= $93,600 total profit (does not include taxes or rehab costs)

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