Hard Money Lenders of Kansas City

About Hard Money Lenders of Kansas City

Hard Money Lenders of Kansas City is a Kansas City, MO based private money lender who offers funding throughout Kansas City. They provide hard money loans for commercial properties, hard money refinancing, ground up construction loans, rental property loans, fix-and-flip loans, and short term loans. Their lending guidelines are versatile, including loans with a maximum LTV of 75%, rates starting at 8.99% , and terms between 6 months and 18 months. They lend money to any borrower based on the value of the property but also require a minimum credit score of 500. The focus of their lending is on single family units and multi family residences.

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

Areas Served: Kansas City

Lending Guidelines for Hard Money Lenders of Kansas City

Below are the general loan guidelines published on the Hard Money Lenders of Kansas City 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 of Kansas City.

Loan Example 1

Hard Money Lenders of Kansas City makes a fix and flip loan to Carrie for a remodeling project in Kansas City, MO, on a house that is listed for $210,000. As the lender agrees to a 65% loan to value, Carrie will be required to put 35% down so the amount of the note will be $136,500. The note is interest only, paid monthly, and is for 18 months at 10% interest with 3 origination points paid when the deal closes.

In addition to paying the $4,095 origination fee, Carrie will also have to fund $73,500 of the purchase with her own cash, or 35% of the purchase price. she will then pay $1,138 monthly to Hard Money Lenders of Kansas City. Carrie's intention is to finish the renovation within the 18 months and resell it for $304,500. If she succeeds she will earn a gross profit of $69,930 ($304,500 price - $136,500 principle amount - $73,500 funds brough to closing - $4,095 origination points - $20,475 in total interest paid.

Loan Example 2

Marla locates a townhouse in Kansas City, MO to renovate and resell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Hard Money Lenders of Kansas City with the following parameters:

$370,000 sales price
50% loan-to-value (LTV)
6 month term
10% interest rate
2% origination fee

After the renovation project is complete, if Marla sells the house for $518,000, the final numbers would be as follows:

$518,000 sales price
- $185,000 principle on note (50% LTV)
- $185,000 cash paid at closing (50% on 50% LTV)
- $3,700 origination points (2% of the $185,000 principle)
- $9,250 interest payments (6 months x 10% interest)
-----------------------
= $135,050 total profit (does not include taxes or renovation costs)