Leverage Lending Group

About Leverage Lending Group

Leverage Lending Group is an asset-based lender headquartered in Charlotte, NC providing funding in North and South Carolina. They provide fix-and-flip loans and rental property loans. They issue loans with a maximum LTV of 75% and rates ranging from 9%. They require a minimum credit score of 680 to obtain a loan. The focus of their loans is on single family units and multi-family units.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family

Areas Served: NC, SC

Lending Guidelines for Leverage Lending Group

Below are the general loan guidelines published on the Leverage Lending Group 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 Leverage Lending Group.

Loan Example 1

Beulah is a real estate investor in Chicago, IL. She finds a run-down property for sale and wants to renovate it and flip it for a profit. The house has a cost of $400,000 but she doesn't have the full amount so she takes out a hard money loan with Leverage Lending Group. The loan-to-value (LTV) on the loan is 60%. This means that Beulah will bring 40% of the sales price to closing and the principle amount will be $240,000 on the loan. The note is interest-only, with monthly payments, and is for 18 months at 12% interest with 2 origination points to be paid at the closing.

According to the parameters of the deal, Beulah will have to contribute a $4,800 origination fee plus 40% of the sales price, or $160,000, based on the 60% LTV. The monthly interest-only payments will then be $2,400 to the lender. If Beulah achieves her goal of a $480,000 sales price when the loan term expires, she would earn a total profit of $32,000 after repaying the principle on the note and deducting the cash she contributed at closing, the origination points, and the total monthly interest payments.

Loan Example 2

Leverage Lending Group makes a loan to Tia for a remodeling project in Chicago, IL. The deal dictates the following:

a) A $360,000 sales price, b) a 60% loan to value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 1% origination fee.

If Tia achieves her goal of a $432,000 sales price, the outcome of the project will be the following:

$432,000 sales price
- $216,000 principle (60% LTV)
- $144,000 cash paid at closing (40% on 60% LTV)
- $2,160 origination points (1% of the $216,000 principle amount)
- $14,040 total interest paid (6 months x 13% interest)
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= $55,800 gross profit (does not include taxes or renovation costs)

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