HML Investments

About HML Investments

HML Investments is hard money lender headquartered in Los Angeles, CA. They provide loans throughout California. They offer short term loans, cash out loans, long term rental property loans, hard money loans for commercial properties, and fix and flip hard money loans. They offer loan amounts ranging from $50,000 to $10,000,000 with a maximum LTV of 80% and rates starting at 6.99% . They will lend funds to any borrower based on the value of the property and not on a minimum FICO score. They offer loans on all of the following types of properties: single family, multi-family, apartments, office units, retail units, hotels/motels, storage facilities, senior living facilities, mixed use, undeveloped land, churches, warehouses, and industrial facilities.

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

Areas Served: CA

Lending Guidelines for HML Investments

Below are the general loan guidelines published on the HML Investments 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 HML Investments.

Loan Example 1

Joseph finds a property in Los Angeles, CA to remodel and re-sell. Since he doesn't have enough cash available to buy the $260,000 house outright, he takes out a hard money loan from HML Investments. The borrower will have to bring 35% of the sales price in cash to closing based on a 65% loan-to-value stipulated by the lending company. This makes the principle amount from HML Investments $169,000. The terms of the deal dictate a 11% note for 18 months. They also require a 2 point origination fee, that will also be paid at closing.

By the parameters of the loan, Joseph will be required to contribute a $3,380 origination fee plus 35% of the sales price, or $91,000, since there is a 65% LTV. Once the loan is closed and Joseph takes over the project, he will need to begin making monthly payments of $1,549 to HML Investments ($169,000 principle x 11% / 12 months). Joseph's intention is to finish the house within the 18 months and re-sell it for $351,000. If he succeeds he will make a profit of $59,735 ($351,000 price - $169,000 principle - $91,000 funds brough to closing - $3,380 origination fee - $27,885 in total interest paid.

Loan Example 2

Gilbert is a real estate investor in Los Angeles, CA. He finds an older property for a renovation project and takes a hard money loan from HML Investments with the following features:

$260,000 purchase price
55% loan to value (LTV)
6 month term
12% interest rate
3% origination fee

After the renovation project is finished, if Gilbert sells the house for $338,000, the outcome would be as follows:

$338,000 sales price
- $143,000 note principle (55% LTV)
- $117,000 down payment (45% on 55% LTV)
- $4,290 origination fee (3% of the $143,000 principle amount)
- $8,580 interest payments (6 months x 12% interest)
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= $65,130 total profit (does not include taxes or rehab costs)