Market Street Financial Solutions

About Market Street Financial Solutions

Market Street Financial Solutions is an asset-based lender in Carlsbad, CA offering funding in California. They provide lending solutions for many different needs and situations, including short term loans, fix and flip hard money loans, builder loans, and hard money loans for commercial properties. They provide loan amounts ranging from $100,000 to $3,000,000 and terms between 3 months and 2 years. They make loans on most types of properties, including single family residences, multi-family, apartment buildings, retail spaces, mixed use buildings, and 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, Retail, Mixed Use, Office

Areas Served: CA

Licenses: Real Estate Broker, California Bureau of Real Estate CA BRE# 01901827. Lender and Broker with the California Department of Business Oversight, DBO# 603I920.

Lending Guidelines for Market Street Financial Solutions

Below are the general loan guidelines published on the Market Street Financial Solutions 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 Market Street Financial Solutions.

Loan Example 1

Howard takes a fix-and-flip loan from Market Street Financial Solutions in order to rehab a townhouse to resale in Los Angeles, CA. The list price of the property is $180,000. The lender agrees to make a loan with a 65% loan to value (LTV) so they will extend $117,000 on the house. The terms of the deal dictate a 10% note for 12 months. They also stipulate a 4 point origination fee, which will also have to be paid upon closing.

Howard will need to contribute a total of $32,400 up front to pay the $63,000 down payment in addition to the $4,680 origination fee. Market Street Financial Solutions will collect $975 in monthly interest payments from the borrower. This is computed by taking the full note value of $117,000, multiplying that by the 10% interest rate, and then dividing that amount by 12. Howard's plan is to complete the house by the end of the 12 months and resell it for $216,000. If he succeeds he will make a gross profit of $19,620 ($216,000 sales price - $117,000 principle amount - $63,000 down payment - $4,680 origination fee - $11,700 in total interest.

Loan Example 2

Leslie takes out a loan from Market Street Financial Solutions so he can rehab a property to resell in Los Angeles, CA. The deal has the following parameters:

$250,000 sales price
50% loan to value (LTV)
18 month term
10% interest rate
4% origination fee

If Leslie accomplishes his goal of a $337,500 sales price, the outcome of the project will be as follows:

$337,500 sales price
- $125,000 loan principle (50% LTV)
- $125,000 down payment (50% on 50% LTV)
- $5,000 origination fee (4% of the $125,000 principle)
- $18,750 total interest paid (18 months x 10% interest)
-----------------------
= $63,750 total profit (does not include taxes or rehab costs)

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