Happy Investments Inc

About Happy Investments Inc

Happy Investments Inc is hard money lender based in Corona, CA. They offer loans throughout San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, and Ventura County. They provide fix and flip loans and private commercial loans. They issue loan amounts ranging from $60,000 to $2,500,000. They make loans on various types of properties, including single family homes, multi family residences, apartments, undeveloped land, office units, retail spaces, and industrial facilities.

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

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

Areas Served: San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, Ventura County

Licenses: NMLS #950873

Lending Guidelines for Happy Investments Inc

Below are the general loan guidelines published on the Happy Investments 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 Happy Investments Inc.

Loan Example 1

Happy Investments Inc makes a fix and flip loan to Felix for a remodeling project in Los Angeles, CA, on a property that costs $250,000. The lender agrees to write a note with a 65% loan-to-value (LTV) so they will loan $162,500 on the house. The terms of the loan also stipulate a three percent origination fee that is to be paid at closing and a 6 month, interest-only note with a 11% interest rate.

Felix will have to contribute $87,500 to the closing (35% on the 65% loan-to-value), plus he will need to pay the $4,875 origination fee. After the deal is closed and Felix takes the property, he will need to begin making monthly payments of $1,490 to Happy Investments Inc ($162,500 principle x 11% / 12 months). If Felix sells the project for $337,500 after 6 months, he would realize a gross profit of $73,688 after deducting the principle of $162,500, the funds contributed at closing of $87,500, the origination points of $4,875, and the aggregate interest payments of $8,938. This profit does not include remodeling costs.

Loan Example 2

Kelly locates a duplex in Los Angeles, CA to rehab and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Happy Investments Inc with the following parameters:

$330,000 purchase price
60% loan-to-value (LTV)
6 month term
14% interest rate
5% origination fee

Kelly plans to list the property when the note expires for $462,000. If he achieves this goal, the outcome will be the following:

$462,000 sales price
- $198,000 loan principle (60% LTV)
- $132,000 cash paid at closing (40% on 60% LTV)
- $9,900 origination points (5% of the $198,000 principle)
- $13,860 interest payments (6 months x 14% interest)
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= $108,240 total profit (does not include taxes or renovation costs)