JPM Business Finance

About JPM Business Finance

JPM Business Finance is an Irvine, CA based hard money lender. They provide funding all across the country. Their lending focus is mainly on commercial loans. They provide loan amounts ranging from $100,000 to $5,000,000. Their lending guidelines do not require a minimum FICO score. They offer loans on many property types, including multi family, apartment buildings, office buildings, retail units, hotels/motels, storage facilities, senior communities, mixed use, warehouse spaces, industrial buildings, medical facilities, undeveloped land, and churches.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church

Areas Served: National

Lending Guidelines for JPM Business Finance

Below are the general loan guidelines published on the JPM Business Finance 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 JPM Business Finance.

Loan Example 1

In order to buy a new warehouse for his small business, Jesus looks to JPM Business Finance to fund his purchase with a commercial private money loan because he cannot obtain a standard loan from a bank. Because the borrower and lender contract to a 65% loan to value (LTV), Jesus will pay $52,500 at the closing and the loan principle amount will be $97,500 because the cost of the property is $150,000. In addition, the lender will charge a 5 point origination fee along with the 11%, 6 month term on the deal. They agree to not enforce a pre-payment penalty in the event that Jesus pays off the note before it expires. Jesus will pay the origination fee of $4,875 and he will then begin to make the monthly payments in the amount of $894 ($97,500 principle amount x 11% interest / 12 months per year). He may repay the note whenever he chooses because there is not a pre-payment penalty but he will be responsible for the full principle when he eliminates the loan.

Loan Example 2

JPM Business Finance makes a hard money loan to Consuelo for a remodeling project in Staten Island, NY. The loan dictates the following:

$220,000 sales price
75% loan to value (LTV)
12 month term
9% rate of interest
3% origination fee

If Consuelo accomplishes her goal of a $319,000 sales price, the final numbers of the project would be the following:

$319,000 sales price
- $165,000 note principle (75% LTV)
- $55,000 cash paid at closing (25% on 75% LTV)
- $4,950 origination fee (3% of the $165,000 principle)
- $14,850 interest payments (12 months x 9% interest)
-----------------------
= $79,200 total profit (does not include taxes or rehab costs)

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