Father & Son Private Money Lending

About Father & Son Private Money Lending

Father & Son Private Money Lending is a hard money lender providing loans in Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, and Connecticut. They provide fix-and-flip hard money loans, private refinancing, ground up construction loans, commercial loans, and hard money bridge loans. Their lending guidelines are versatile, including rates starting at 8.5% , terms between 4 months and 24 months, and loan amounts ranging from $100,000 to $7,000,000 with a maximum LTV of 80%. Their loan guidelines do not include a minimum credit rating. They provide loans on most types of properties, including single family units, multi-family, apartments, office units, retail units, mixed use, and industrial facilities.

Loan Types Offered: 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, Mixed Use, Industrial

Areas Served: ME, VT, NH, MA, RI, CT

Lending Guidelines for Father & Son Private Money Lending

Below are the general loan guidelines published on the Father & Son Private Money 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 Father & Son Private Money Lending.

Loan Example 1

Lou finds a property in Boston, MA to flip and re-sell. Since she doesn't have enough cash to purchase the $330,000 project outright, she takes out a fix and flip loan from Father & Son Private Money Lending. The borrower will need to contribute 50% of the sales price in cash to closing based on a 50% loan to value set by the lender. This makes the principle note from Father & Son Private Money Lending $165,000. The terms of the deal also include a five point origination fee which is to be paid at closing and a 18 month, interest only note with a 8% interest rate.

In addition to paying the $8,250 origination fee, Lou will also have to fund $165,000 of the purchase with her own cash, or 50% of the sales price. Once the deal closes, she will have to pay the lender $1,100 in monthly interest fees, or 8% multiplied times $165,000 divided by 12 months in a year. If Lou achieves her goal of a $412,500 total sales price at the end of the loan term, she would make a total profit of $54,450 after re-paying the principle amount and deducting the money she brought to closing, the origination fee, and the total interest payments.

Loan Example 2

Clare finds a townhouse in Boston, MA to remodel and sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Father & Son Private Money Lending with the following parameters:

a) A $280,000 purchase price, b) a 85% loan-to-value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 4% origination fee.

Based on a $378,000 sales price after the 6 month term, the numbers for this project would look like this:

$378,000 sales price
- $238,000 loan principle (85% LTV)
- $42,000 cash paid at closing (15% on 85% LTV)
- $9,520 origination points (4% of the $238,000 principle)
- $14,280 total interest paid (6 months x 12% interest)
-----------------------
= $74,200 total profit (doesn't include taxes or renovation costs)

No Reviews Yet

Father & Son Private Money Lending currently has no reviews. To add a review now, click the link below:

Write a Review for Father & Son Private Money Lending