HMLL Lenders

About HMLL Lenders

HMLL Lenders is private lender based in Westlake Village, CA. They provide funding all across the country. They offer loans for a variety of needs and situations, including hard money loans for commercial properties, bridge loans, short term fix and flip loans, and buy and hold loans. They issue loan amounts ranging from $200,000 to $3,000,000 with a maximum LTV of 80% and rates ranging between 10% and 12%. They do not require their borrowers to have a minimum FICO rating to obtain a loan. They will make loans on all of the following property types: single family, multi-family units, apartment buildings, office buildings, retail spaces, hotels/motels, storage facilities, assisted living facilities, mixed use, raw land, churches, warehouses, and industrial buildings.

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

Licenses: BRE #01347766

Lending Guidelines for HMLL Lenders

Below are the general loan guidelines published on the HMLL Lenders 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 HMLL Lenders.

Loan Example 1

Amie finds a property in Baton Rouge, LA to rehab and resell. Since she doesn't have enough cash available to buy the $400,000 house outright, she takes out a hard money loan from HMLL Lenders. The borrower will need to fund 35% of the purchase price in cash to closing based on a 65% loan-to-value set by the lending company. This makes the principle amount from HMLL Lenders $260,000. The interest rate on the loan is 13% for a term of 6 months and the lender requires a two point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.

Amie will have to bring $140,000 at the closing (35% on the 65% loan to value), plus she will need to pay the $5,200 origination fee. After the loan is closed and Amie takes the property, she will have to begin making payments each month of $2,817 to the lender ($260,000 principle x 13% / 12 months). If Amie sells the project for $480,000 after 6 months, she would then realize a total profit of $57,900 after deducting the principle of $260,000, the money paid at the close of $140,000, the origination points of $5,200, and the total interest payments of $16,900. This gross profit doesn't include renovation costs.

Loan Example 2

Petra takes out a hard money loan from HMLL Lenders in order to remodel a property to re-sell in Austin, TX. The deal has the following terms:

a) A $150,000 sales price, b) a 50% loan-to-value (LTV), c) a 12 month term, d) a 8% interest rate, and e) a 4% origination fee.

Once the rehab project is complete, if Petra sells the project for $225,000, the outcome would be the following:

$225,000 sales price
- $75,000 loan principle (50% LTV)
- $75,000 down payment (50% on 50% LTV)
- $3,000 origination points (4% of the $75,000 principle)
- $6,000 interest payments (12 months x 8% interest)
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= $66,000 total profit (does not include taxes or renovation costs)

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