Lend Some Money

About Lend Some Money

Lend Some Money is a national private lender that makes hard money commercial loans for the refinance or purchase of non-owner-occupied residential and mixed-use commercial properties. Its industry-leading technology platform allows it to provide real estate investors and brokers with fast, easy funding at competitive rates for fix & flip, new construction, and both short and long-term rental properties.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Warehouse

Areas Served: National

Lending Guidelines for Lend Some Money

Below are the general loan guidelines published on the Lend Some Money 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 Lend Some Money.

Loan Example 1

Lesley finds a duplex in Brooklyn, NY to renovate and re-sell. Since she doesn't have enough cash available to acquire the $220,000 project outright, she takes out a private money loan from Lend Some Money. The terms of the deal include a 65% loan to value (LTV), so she must contribute 35% of the price as cash at closing, making the principle loan amount $143,000. The deal also consists of the following features: 1) a 6 month length, 2) a 13% interest-only note, and 3) a one point origination charge.

Therefore, the borrower will need to make a $77,000 down payment in addition to paying a $1,430 origination fee. she must then pay $1,549 monthly to the lender. If Lesley meets her goal of a $308,000 total sales price at the end of the loan term, she would pocket a total profit of $77,275 after re-paying the principle amount and deducting the cash she paid at closing, the origination points, and the monthly interest payments.

Loan Example 2

Geraldine is a real estate investor in Brooklyn, NY. She finds an older property for a renovation project and takes a hard money loan from Lend Some Money with the following features:

$380,000 purchase price
80% loan-to-value (LTV)
6 month term
12% interest rate
5% origination fee

Assuming a $456,000 sales price after the 6 month term, the outcome for this project would look like this:

$456,000 sales price
- $304,000 loan principle (80% LTV)
- $76,000 cash paid at closing (20% on 80% LTV)
- $15,200 origination fee (5% of the $304,000 principle)
- $18,240 interest payments (6 months x 12% interest)
-----------------------
= $42,560 gross profit (does not include taxes or rehab costs)