LM2 Investment Group

About LM2 Investment Group

LM2 Investment Group is a Scottsdale, AZ based private money lender. They offer loans in Arizona. They provide lending solutions for a variety of scenarios, including investment property loans and fix and flip loans. They provide loans with a maximum LTV of 90%, terms between 6 months and 12 months, and rates ranging between 12% and 18%. They do not require a minimum credit score to receive a loan. They primarily provide funding on single family homes and multi family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: AZ

Licenses: MB# 0913237, NMLS# 285084, Mike Corgiat: MLO# 0910947, NMLS# 159665, Mike Swerlyk: MLO# 0921410, NMLS# 302836

Lending Guidelines for LM2 Investment Group

Below are the general loan guidelines published on the LM2 Investment 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 LM2 Investment Group.

Loan Example 1

LM2 Investment Group issues a fix and flip loan to Lisa for a remodeling project in Phoenix, AZ, on a property that costs $320,000. The terms of the loan include a 70% loan-to-value (LTV), so she must contribute 30% of the price as cash at closing, which makes the principle note amount $224,000. The note is interest only, with monthly payments, and is for 6 months at 12% interest with 3 origination points paid when the deal closes.

By the terms of the loan, Lisa will have to pay a $6,720 origination fee plus 30% of the sales price, or $96,000, based on the 70% LTV. The lender will collect $2,240 in monthly interest from the borrower. This is computed by taking the total note value of $224,000, multiplying by the 12% interest rate, and then dividing that amount by 12. If Lisa meets her goal of a $464,000 total sales price when the loan term expires, she would collect a gross profit of $123,840 after repaying the principle amount and subtracting the money she paid at closing, the origination fee, and the monthly interest payments.

Loan Example 2

Elsa is a an investor in Phoenix, AZ. She purchases an older property for a remodeling project and takes out a hard money loan from LM2 Investment Group with the following terms:

a) A $210,000 purchase price, b) a 50% loan to value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 1% origination fee.

Based on a $315,000 sales price after the 12 month term, the final numbers for this project would look like the following:

$315,000 sales price
- $105,000 principle on note (50% LTV)
- $105,000 down payment (50% on 50% LTV)
- $1,050 origination points (1% of the $105,000 principle amount)
- $11,550 total interest paid (12 months x 11% interest)
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= $92,400 total profit (doesn't include taxes or rehab costs)