Milwaukee Hard Money

About Milwaukee Hard Money

Milwaukee Hard Money is a MILWAUKEE, WI based hard money lender who offers funding in Milwaukee. They provide lending solutions for a variety of situations, including commercial loans and fix and flip hard money loans. Their loan parameters are flexible, including terms up to 6 months and rates ranging between 15% and 18%. They offer loans on all of the following property types: single family units, multi-family units, apartment buildings, offices, retail spaces, mixed use, industrial facilities, and warehouse spaces.

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

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

Areas Served: Milwaukee

Lending Guidelines for Milwaukee Hard Money

Below are the general loan guidelines published on the Milwaukee Hard Money 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 Milwaukee Hard Money.

Loan Example 1

Lucy is an investor in Milwaukee, WI. She locates a run-down property for sale and decides to remodel it and flip it for a profit. The house costs $200,000 but she doesn't have the full amount so she takes out a private money loan with Milwaukee Hard Money. Since the lender agrees to a 60% loan-to-value, Lucy will need to put 40% down and the amount of the note will be $120,000. The terms of the deal dictate a 12% note for 6 months. They also stipulate a 1 point origination fee, that will also need to be paid at closing.

In addition to paying the $1,200 origination fee, Lucy will also need to fund $80,000 of the purchase with her own funds, or 40% of the purchase price. she will then pay $1,200 per month to Milwaukee Hard Money. If Lucy meets her goal of a $280,000 total sales price when the loan term expires, she would collect a gross profit of $71,600 after re-paying the principle amount and subtracting the money she brought to closing, the origination fee, and the total interest payments.

Loan Example 2

Milwaukee Hard Money issues a hard money loan to Gabriel for a rehab project in Milwaukee, WI. The loan dictates the following:

a) A $330,000 sales price, b) a 80% loan-to-value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 2% origination fee.

Once the rehab project is completed, if Gabriel sells the house for $462,000, the final numbers would be as follows:

$462,000 sales price
- $264,000 loan principle (80% LTV)
- $66,000 cash paid at closing (20% on 80% LTV)
- $5,280 origination points (2% of the $264,000 principle)
- $36,960 total interest paid (12 months x 14% interest)
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= $89,760 total profit (doesn't include taxes or renovation costs)

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