Greenpoint Equity

About Greenpoint Equity

Greenpoint Equity is a Glendale, CA based private lender who offers loans in California. They provide loans for a variety of situations and needs, including commercial hard money loans, hard money bridge loans, fix and flip loans, and loans for investments properties. They provide loan amounts starting from $50,000 with a maximum LTV of 60%, terms between 6 months and 5 years, and rates ranging between 10% and 12%. They do not require a minimum FICO rating to receive a loan. They provide loans on many property types, including single family, multi-family, apartments, offices, retail units, mixed use, and industrial buildings.

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

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

Areas Served: CA

Lending Guidelines for Greenpoint Equity

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

Loan Example 1

Lula takes a fix and flip loan from Greenpoint Equity in order to rehab a townhouse to resale in Los Angeles, CA. The list price of the property is $340,000. The terms of the deal include a 85% loan-to-value (LTV), so she must bring 15% of the price as cash to closing, making the principle note amount $289,000. The note is interest-only, with monthly payments, and is for 12 months at 8% interest with 3 origination points paid at closing.

By the parameters of the deal, Lula will have to pay a $8,670 origination fee plus 15% of the sales price, or $51,000, based on the 85% LTV. The monthly interest-only payments will then total $1,927 to Greenpoint Equity. Lula's intention is to finish the project by the end of the 12 months and sell it for $459,000. If she succeeds she will make a profit of $87,210 ($459,000 sales price - $289,000 principle amount - $51,000 cash at closing - $8,670 origination points - $23,120 in total interest.

Loan Example 2

Greenpoint Equity issues a fix and flip loan to Jaime for a remodeling project in Los Angeles, CA. The deal dictates the following:

$330,000 sales price
50% loan to value (LTV)
18 month term
12% rate of interest
5% origination fee

If Jaime accomplishes his goal of a $396,000 sales price, the outcome of the deal would be as follows:

$396,000 sales price
- $165,000 principle on note (50% LTV)
- $165,000 down payment (50% on 50% LTV)
- $8,250 origination points (5% of the $165,000 principle)
- $29,700 interest payments (18 months x 12% interest)
-----------------------
= $28,050 total profit (does not include taxes or rehab costs)

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