Hilton Financial Corporation

About Hilton Financial Corporation

Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, & Utah.They offer loans for a variety of situations, including fix-and-flip, fix-and lease, spec construction, and manufactured home set up loans.Their focus is on entry level and first move up properties in each market that they lend in.Their lending guidelines are versatile, including loans with a maximum LTC of 80% not to exceed 69% ARV on single family detached homes in metropolitan areas. They make loans on various types of properties, including single family homes, manufactured homes w/ lot, small balance apartments and offices.AZ BK 1001915, UT MB 5491797

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans, Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office

Areas Served: AZ, UT, CO, OH, HI, TX, TN

Licenses: AZ MB 0928800, UT MB 5491797, NMLS 143636

Lending Guidelines for Hilton Financial Corporation

Below are the general loan guidelines published on the Hilton Financial Corporation 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 Hilton Financial Corporation.

Loan Example 1

Leo finds a townhome in Phoenix, AZ to flip and re-sell. Since he does not have enough cash to acquire the $160,000 project outright, he decides to take out a fix-and-flip loan from Hilton Financial Corporation. The borrower will be required to fund 25% of the sales price in cash to closing based on a 75% loan-to-value stipulated by the lending company. This makes the loan principle from Hilton Financial Corporation $120,000. The loan is interest only, paid monthly, and is for 18 months at 10% interest with 4 origination points paid at closing.

Therefore, Leo will have to make a $40,000 down payment in addition to paying a $4,800 origination fee. After the loan is closed and Leo takes on the property, he will have to begin making payments each month of $1,000 to the lender ($120,000 principle x 10% / 12 months). If Leo sells the project for $192,000 after 18 months, he would then make a gross profit of $9,200 after subtracting the principle amount of $120,000, the cash paid at the close of $40,000, the origination fee of $4,800, and the total interest payments of $18,000. This gross profit does not account for building costs.

Loan Example 2

Trisha takes out a private money loan from Hilton Financial Corporation in order to remodel a townhouse to resell in Phoenix, AZ. The deal has the following parameters:

$170,000 purchase price
60% loan-to-value (LTV)
6 month term
12% rate of interest
2% origination fee

Assuming a $221,000 sales price after the 6 month term, the numbers for the deal would look like this:

$221,000 sales price
- $102,000 principle (60% LTV)
- $68,000 cash paid at closing (40% on 60% LTV)
- $2,040 origination fee (2% of the $102,000 principle amount)
- $6,120 total interest paid (6 months x 12% interest)
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= $42,840 gross profit (doesn't include taxes or rehab costs)