Lincoln Equity Inc

About Lincoln Equity Inc

Lincoln Equity Inc is private money lender based in Orange, CA. They provide funding in Orange County. They offer refinancing, commercial loans, construction loans, fix-and-flip hard money loans, short term loans, and long term rental property loans. They issue loans with a maximum LTV of 80%. They do not require a minimum credit score to obtain a loan. They offer loans on the following property types: single family, multi family, apartment buildings, office buildings, retail spaces, hotels/motels, storage buildings, senior living communities, mixed use spaces, warehouses, industrial buildings, medical facilities, undeveloped land, and churches.

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, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church

Areas Served: Orange County

Licenses: NMLS: 1145792

Lending Guidelines for Lincoln Equity Inc

Below are the general loan guidelines published on the Lincoln Equity Inc 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 Lincoln Equity Inc.

Loan Example 1

Sharron takes a fix-and-flip loan from Lincoln Equity Inc in order to rehab a duplex to resale in Anaheim, CA. The price of the property is $170,000. The terms of the deal include a 65% loan-to-value (LTV), so she must contribute 35% of the price as cash to closing, which makes the principle note amount $110,500. The rate on the note is 9% for a length of 6 months and the lender requires a three point origination fee at closing. The interest is to be paid monthly and the principle amount will be returned after the property sells.

In addition to paying the $3,315 origination fee, Sharron will also need to fund $59,500 of the purchase with her own cash, or 35% of the purchase price. Lincoln Equity Inc will collect $829 in monthly interest from the Sharron. This is calculated by taking the full note value of $110,500, multiplying that by the 9% interest rate, and then dividing that number by 12. Assuming Sharron sells the renovated house for $246,500 at the end of the 6 month term, her gross profit (not accounting for rehab costs) would be $68,213. This is calculated by taking the purchase price ($246,500) and subtracting the original principle ($110,500), the origination fee ($3,315), the funds she contributed to closing ($59,500), and the total interest payments ($4,973).

Loan Example 2

Jesse takes out a private money loan from Lincoln Equity Inc in order to remodel a house to flip in Anaheim, CA. The loan has the following parameters:

a) A $160,000 purchase price, b) a 60% loan to value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 5% origination fee.

If Jesse accomplishes his goal of a $208,000 sales price, the final numbers of the project would be the following:

$208,000 sales price
- $96,000 note principle (60% LTV)
- $64,000 cash paid at closing (40% on 60% LTV)
- $4,800 origination fee (5% of the $96,000 principle amount)
- $18,720 total interest paid (18 months x 13% interest)
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= $24,480 gross profit (does not include taxes or rehab costs)

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