Lincoln Road Funding Corporation

About Lincoln Road Funding Corporation

Lincoln Road Funding Corporation is private money lender headquartered in Miami Beach, FL. They provide funding all across the US. Their lending focus is mainly on hard money loans for commercial properties. They offer loans on all the following property types: multi family residences, apartments, offices, retail storefronts, hotels, storage facilities, mixed use, warehouse buildings, and industrial facilities.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Mixed Use, Warehouse, Industrial

Areas Served: National

Lending Guidelines for Lincoln Road Funding Corporation

Below are the general loan guidelines published on the Lincoln Road Funding Corporation 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 Road Funding Corporation.

Loan Example 1

To accommodate her growing business, Ida decides to buy a new office building. After she is denied a conforming loan from her bank, she secures a commercial private money loan from Lincoln Road Funding Corporation. Since the borrower and lender contract to a 85% loan-to-value (LTV), Ida will fund $45,000 toward the closing and the loan principle will be $255,000 since the list price of the building is $300,000. The loan also dictates a 12 month term, a 13% rate of interest, interest-only payments made monthly with a final payment when the note expires (without a pre-payment penalty), and a 4 point origination fee. Ida will be required to pay an origination fee of $10,200 and she will then begin to make the monthly payments in the amount of $2,763 ($255,000 principle x 13% interest rate / 12 months per year). She can re-pay the note early if she wants to because there isn't a pre-payment penalty but she will be responsible for the original principle whenever she eliminates the loan.

Loan Example 2

Mathew finds a property in Houston, TX to remodel and sell. Because he does not have enough cash to buy the property outright, he takes a hard money loan from Lincoln Road Funding Corporation with the following parameters:

$320,000 sales price
85% loan-to-value (LTV)
18 month term
13% rate of interest
1% origination fee

If Mathew succeeds in his goal of a $480,000 sales price, the final numbers of the project will be the following:

$480,000 sales price
- $272,000 principle (85% LTV)
- $48,000 down payment (15% on 85% LTV)
- $2,720 origination points (1% of the $272,000 principle amount)
- $53,040 interest payments (18 months x 13% interest)
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= $104,240 total profit (does not include taxes or rehab costs)

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