Loan Solution, Inc
Office Address Not Available
Canyon Country, CA 91387
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About Loan Solution, Inc
Loan Solution, Inc is a Canyon Country, CA based private lender. They provide funding in California. They offer lending solutions for a variety of situations, including fix and flip loans, commercial hard money loans, loans for investments properties, and short term loans. They issue loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 65%. They lend money to all borrowers based on the value of the property and not on a minimum credit rating. They will make loans on all of the following property types: single family residences, multi-family, apartments, office buildings, retail units, mixed use buildings, industrial buildings, and churches.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial, Church
Areas Served: CA
Licenses: California Dept. of Real Estate Broker # 00811989
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Lending Guidelines for Loan Solution, Inc
Below are the general loan guidelines published on the Loan Solution, Inc website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $50,000 - $2,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 10 DaysFix and Flip Loans
Loan Amounts: $50,000 - $2,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 10 DaysCommercial Hard Money Loans
Loan Amounts: $50,000 - $2,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 10 DaysBridge Loans
Loan Amounts: $50,000 - $2,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: NO
Time to Close: 10 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Loan Solution, Inc.
Loan Example 1
Silvia takes a private money loan from Loan Solution, Inc in order to renovate a condo to resale in Los Angeles, CA. The sales price of the house is $370,000. Because the lender agrees to a 75% loan to value, Silvia will need to put 25% down and the amount of the loan will be $277,500. The parameters of the loan dictate a 10% note for 6 months. They also stipulate a 2 point origination fee, which will also have to be paid when the property closes.
Silvia will have to contribute $92,500 at closing (25% on the 75% loan to value), plus she will need to pay the $5,550 origination fee. Loan Solution, Inc will collect $2,313 in monthly interest from the Silvia. This is computed by taking the full loan value of $277,500, multiplying that by the 10% interest rate, and then dividing that amount by 12. If Silvia meets her goal of a $481,000 sales price when the loan expires, she would earn a total profit of $91,575 after repaying the principle on the note and deducting the money she brought to closing, the origination fee, and the total monthly interest payments.
Loan Example 2
Rosa takes a private money loan from Loan Solution, Inc in order to remodel a property to flip in Los Angeles, CA. The deal has the following parameters:
a) A $260,000 sales price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 3% origination fee.
Based on a $351,000 sales price after the 18 month term, the final numbers for this deal would look like the following:
$351,000 sales price
- $208,000 note principle (80% LTV)
- $52,000 cash paid at closing (20% on 80% LTV)
- $6,240 origination fee (3% of the $208,000 principle)
- $28,080 interest payments (18 months x 9% interest)
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= $56,680 gross profit (does not include taxes or rehab costs) -
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