London Financial

About London Financial

London Financial is a Key Biscayne, FL based hard money lender. They offer loans in Broward County, Miami-Dade County, Palm Beach County, and Monroe County. They provide loans for a variety of scenarios, including hard money loans for commercial properties, construction loans, fix-and-flip loans, and short term bridge loans. Their lending guidelines are flexible, including terms between 1 year and 2 years, rates ranging between 12% and 14%, and loan amounts ranging from $500,000 to $10,000,000. They make loans on all the following types of properties: single family homes, multi family, apartments, office units, retail spaces, hotels/motels, storage facilities, senior housing communities, mixed use spaces, warehouses, industrial buildings, and medical offices.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Bridge Loans

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

Areas Served: Broward County, Miami-Dade County, Palm Beach County, Monroe County

Lending Guidelines for London Financial

Below are the general loan guidelines published on the London Financial 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 London Financial.

Loan Example 1

Paula closes on a $330,000 renovation project in Miami, FL, using a hard money loan from London Financial. The lender agrees to issue a note with a 80% loan-to-value (LTV) so they will loan $264,000 on the house. The note is interest-only, with monthly payments, and is for 18 months at 14% interest with 4 points to be paid at closing.

Paula will have to bring $66,000 at closing (20% on the 80% LTV), plus she will need to pay the $10,560 origination fee. London Financial will collect $3,080 in monthly interest from the Paula. This is computed by taking the full note value of $264,000, multiplying that by the 14% rate of interest, and then dividing that amount by 12. Paula's plan is to finish the rehab within the 18 months and sell it for $429,000. If she succeeds she will make a profit of $33,000 ($429,000 sales price - $264,000 principle - $66,000 cash at closing - $10,560 origination fee - $55,440 in total interest payments.

Loan Example 2

Jim is a an investor in Miami, FL. He buys a run-down townhouse for a rehab project and takes a hard money loan from London Financial with the following terms:

$370,000 sales price
60% loan to value (LTV)
12 month term
11% rate of interest
5% origination fee

Once the rehab project is finished, if Jim sells the project for $555,000, the outcome would be the following:

$555,000 sales price
- $222,000 principle (60% LTV)
- $148,000 down payment (40% on 60% LTV)
- $11,100 origination fee (5% of the $222,000 principle)
- $24,420 interest payments (12 months x 11% interest)
-----------------------
= $149,480 gross profit (doesn't include taxes or rehab costs)

No Reviews Yet

London Financial currently has no reviews. To add a review now, click the link below:

Write a Review for London Financial