Infiniti Funding

About Infiniti Funding

Infiniti Funding is a Miami Beach, FL based private money lender. They offer funding in Florida. They offer fix and flip loans and commercial hard money loans. They primarily offer loans on single family residences and multi-family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: FL

Lending Guidelines for Infiniti Funding

Below are the general loan guidelines published on the Infiniti Funding 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 Infiniti Funding.

Loan Example 1

Gordon closes on a $290,000 renovation project in Miami, FL, using a fix and flip loan from Infiniti Funding. The borrower will have to contribute 30% of the sales price in cash to the closing based on a 70% loan to value set by the lending company. This makes the principle amount from Infiniti Funding $203,000. The terms of the loan dictate a 11% note for 6 months. They also require a 1 point origination fee, that will also have to be paid when the property closes.

The borrower will have to bring a total of $32,400 up front to cover the $87,000 down payment plus the $2,030 origination fee. Once the deal closes, he will have to pay the lender $1,861 in monthly interest fees, or 11% multiplied by $203,000 divided by 12 months in the year. Gordon's plan is to finish the project by the end of the 6 months and resell it for $362,500. If he succeeds he will earn a gross profit of $59,305 ($362,500 sales price - $203,000 principle amount - $87,000 cash paid at closing - $2,030 origination points - $11,165 in total interest.

Loan Example 2

Antonio is a an investor in Miami, FL. He buys a run-down house for a remodeling project and obtains a private money loan from Infiniti Funding with the following paramters:

$310,000 sales price
75% loan-to-value (LTV)
6 month term
8% rate of interest
4% origination fee

Based on a $372,000 sales price after the 6 month term, the numbers for the project would look like the following:

$372,000 sales price
- $232,500 principle on note (75% LTV)
- $77,500 cash paid at closing (25% on 75% LTV)
- $9,300 origination fee (4% of the $232,500 principle amount)
- $9,300 interest payments (6 months x 8% interest)
-----------------------
= $43,400 gross profit (doesn't include taxes or renovation costs)

No Reviews Yet

Infiniti Funding currently has no reviews. To add a review now, click the link below:

Write a Review for Infiniti Funding