IPF Loans Phoenix

About IPF Loans Phoenix

IPF Loans Phoenix is a Scottsdale, AZ based private money lender. They offer loans in Arizona. They offer lending solutions for a variety of situations, including commercial hard money loans, cash out loans, bridge loans, rental property loans, and fix and flip loans. Their lending parameters are versatile, including rates up to 18% , loans with a maximum LTV of 80%, and terms between 6 months and 5 years. They do not require a minimum FICO score to receive a loan. They will make loans on the following property types: single family, multi-family units, apartments, office buildings, retail units, hotels and motels, storage facilities, senior living communities, mixed use spaces, raw land, churches, warehouses, industrial facilities, and medical 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, Medical

Areas Served: AZ

Lending Guidelines for IPF Loans Phoenix

Below are the general loan guidelines published on the IPF Loans Phoenix 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 IPF Loans Phoenix.

Loan Example 1

Derrick is an investor in Phoenix, AZ. He locates a run-down property and wants to rehab it and sell it for a profit. The property costs $360,000 but he doesn't have the full amount so he obtains a hard money loan with IPF Loans Phoenix. The borrower will be required to bring 25% of the purchase price in cash to the closing based on a 75% loan-to-value set by the lender. This makes the principle note from IPF Loans Phoenix $270,000. The terms of the loan also include a five point origination fee that will be paid at the closing and a 12 month, interest-only note with a 13% rate of interest.

The borrower will need to fund a total of $32,400 up front to cover the $90,000 down payment in addition to the $13,500 origination fee. IPF Loans Phoenix will collect $2,925 in monthly interest from the borrower. This is computed by taking the full note value of $270,000, multiplying that by the 13% rate of interest, and then dividing that number by 12. At the expiration of the loan, he sells the rehabed property for $540,000. After subtracting the $35,100 in interest expenses ($2,925 multiplied by 12 months), the $13,500 origination fee, the $270,000 principle amount on the loan, and the $90,000 he brought to the closing, he will make a total profit of $131,400 ($540,000 price minus $408,600 in costs). This amount would then be reduced by any building costs paid by the borrow.

Loan Example 2

IPF Loans Phoenix makes a fix and flip loan to Allan for a renovation project in Phoenix, AZ. The loan includes the following:

a) A $330,000 sales price, b) a 85% loan to value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 3% origination fee.

Based on a $445,500 sales price at the end of the 18 month term, the final numbers for the deal would look like this:

$445,500 sales price
- $280,500 principle (85% LTV)
- $49,500 cash paid at closing (15% on 85% LTV)
- $8,415 origination fee (3% of the $280,500 principle)
- $58,905 total interest paid (18 months x 14% interest)
-----------------------
= $48,180 total profit (doesn't include taxes or rehab costs)

No Reviews Yet

IPF Loans Phoenix currently has no reviews. To add a review now, click the link below:

Write a Review for IPF Loans Phoenix