Joseph Martelli Real Estate Investments

About Joseph Martelli Real Estate Investments

Joseph Martelli Real Estate Investments is hard money lender based in Irvine, CA. They offer funding in Orange County. They offer lending solutions for many different situations and needs, including short term fix and flip loans and commercial hard money loans. Their lending parameters are flexible, including rates ranging between 6% and 8%. They do not require a minimum FICO rating to receive a loan. They offer loans on numerous property types, including single family homes, multi-family units, apartment buildings, office buildings, retail spaces, hotels, storage buildings, mixed use, and industrial facilities.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Mixed Use, Industrial

Areas Served: Orange County

Licenses: CA DRE# 01841558, NMLS # 274350

Lending Guidelines for Joseph Martelli Real Estate Investments

Below are the general loan guidelines published on the Joseph Martelli Real Estate 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 Joseph Martelli Real Estate Investments.

Loan Example 1

Rafael takes a private money loan from Joseph Martelli Real Estate Investments in order to remodel a property to flip in Anaheim, CA. The sales price of the property is $370,000. The lender agrees to make a loan with a 85% loan-to-value (LTV) so they are willing to extend $314,500 on the project. The terms of the loan dictate a 11% note for 18 months. They also require a 2 point origination fee, which will also have to be paid at closing.

Rafael will need to contribute $55,500 to closing (15% on the 85% LTV), plus he will have to pay the $6,290 origination fee. he will then pay $2,883 monthly to the lender. If Rafael meets his goal of a $555,000 total sales price at the end of the loan term, he would make a gross profit of $126,818 after repaying the principle on the note and deducting the cash he paid at closing, the origination fee, and the total monthly interest payments.

Loan Example 2

Benita finds a townhouse in Anaheim, CA to renovate and resell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Joseph Martelli Real Estate Investments with the following parameters:

a) A $360,000 sales price, b) a 80% loan-to-value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 4% origination fee.

If Benita achieves her goal of a $486,000 sales price, the final numbers of the project will be as follows:

$486,000 sales price
- $288,000 note principle (80% LTV)
- $72,000 cash paid at closing (20% on 80% LTV)
- $11,520 origination points (4% of the $288,000 principle)
- $60,480 total interest paid (18 months x 14% interest)
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= $54,000 gross profit (doesn't include taxes or renovation costs)

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