Hard Money Lenders Arizona

About Hard Money Lenders Arizona

Hard Money Lenders Arizona is a Phoenix, AZ based private money lender who offers loans throughout Phoenix. They offer construction loans, private commercial loans, short term bridge loans, cash out loans, fix and flip hard money loans, and buy and hold loans. They offer loans with a maximum LTV of 90%, terms between 3 months and 5 years, and rates starting at 7.99% . They lend money to all borrowers based on the property value and not on a minimum credit score. They will make loans on the following property types: single family units, multi-family, apartment buildings, offices, retail spaces, hotels, storage facilities, senior facilities, mixed use spaces, undeveloped land, churches, warehouse buildings, industrial buildings, and medical offices.

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, Industrial, Medical

Areas Served: Phoenix

Lending Guidelines for Hard Money Lenders Arizona

Below are the general loan guidelines published on the Hard Money Lenders Arizona 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 Hard Money Lenders Arizona.

Loan Example 1

Debra takes a fix and flip loan from Hard Money Lenders Arizona in order to remodel a townhome to flip in Phoenix, AZ. The list price of the property is $180,000. The lender agrees to make a loan with a 65% loan-to-value (LTV) so they are willing to extend $117,000 on the project. The interest rate on the note is 11% for a term of 12 months and the company requires a two point origination fee at closing. The interest is to be paid monthly and the principle will be repaid after the sale of the property.

In addition to paying the $2,340 origination fee, Debra will also have to fund $63,000 of the purchase with her own money, or 35% of the sales price. Once the deal closes, she will have to pay the lender $1,073 in monthly interest fees, or 11% multiplied times $117,000 divided by 12 months in the year. At the expiration of the loan, she sells the renovated property for $225,000. After subtracting the $12,870 in interest payments ($1,073 multiplied times 12 months), the $2,340 origination fee, the $117,000 principle on the loan, and the $63,000 she brought to closing, she will earn a gross profit of $29,790 ($225,000 price minus $195,210 in costs). This profit would be reduced by any rehab costs paid by Debra.

Loan Example 2

Hard Money Lenders Arizona makes a fix and flip loan to Lourdes for a renovation project in Phoenix, AZ. The deal includes the following:

$310,000 purchase price
75% loan-to-value (LTV)
6 month term
9% interest rate
2% origination fee

If Lourdes accomplishes her goal of a $465,000 sales price, the outcome of the deal will be as follows:

$465,000 sales price
- $232,500 principle (75% LTV)
- $77,500 down payment (25% on 75% LTV)
- $4,650 origination points (2% of the $232,500 principle amount)
- $10,463 total interest paid (6 months x 9% interest)
-----------------------
= $139,888 gross profit (does not include taxes or rehab costs)

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