Legacy Group Capital

About Legacy Group Capital

Legacy Group Capital (Legacy) is an integrated real estate company focused on community-based engagement in private lending and real estate investing. Legacy empowers homebuilders, real estate investors, homeowners, and homebuyers with a flexible lending and investment platform. The Legacy platform offers unique and creative financial products that extend beyond standard guidelines. These products encompass acquisition loans, construction loans, rehab financing and bridge loans that all reflect our common-sense approach to lending.Currently, Legacy works with hundreds of homebuilders, brokers and mortgage loan officers while also serving thousands of investors across five real estate investment funds with access to over $500 million in equity and debt capital.

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

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

Areas Served: WA, ID, AZ, OR

Licenses: Oregon #ML-5004, Washington #CL-99045

Lending Guidelines for Legacy Group Capital

Below are the general loan guidelines published on the Legacy Group Capital 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 Legacy Group Capital.

Loan Example 1

Legacy Group Capital issues a private money loan to Joanna for a renovation project in Phoenix, AZ, on a house that costs $270,000. The terms of the loan include a 60% loan-to-value (LTV), so she must bring 40% of the price as cash to closing, making the principle note amount $162,000. The parameters of the loan also include a five point origination fee which is to be paid at closing and a 12 month, interest only note with a 8% interest rate.

Therefore, Joanna will have to contribute a $108,000 down payment plus pay a $8,100 origination fee. she will then pay $1,080 monthly to Legacy Group Capital. At the expiration of the note, she sells the rehabed house for $391,500. After deducting the $12,960 in interest payments ($1,080 multiplied times 12 months), the $8,100 origination fee, the $162,000 principle on the note, and the $108,000 she brought to closing, she will earn a gross profit of $100,440 ($391,500 sales price minus $291,060 in total costs). This amount would then be reduced by any renovation costs paid by the borrow.

Loan Example 2

Charity finds a house in Phoenix, AZ to renovate and sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Legacy Group Capital with the following parameters:

a) A $350,000 sales price, b) a 80% loan-to-value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 5% origination fee.

Charity plans to list the property when the note expires for $472,500. If she accomplishes her goal, the final numbers will be the following:

$472,500 sales price
- $280,000 loan principle (80% LTV)
- $70,000 cash paid at closing (20% on 80% LTV)
- $14,000 origination points (5% of the $280,000 principle amount)
- $19,600 total interest paid (6 months x 14% interest)
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= $88,900 total profit (does not include taxes or rehab costs)