Miner Capital Funding

About Miner Capital Funding

Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US. They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term bridge loans, and fix-and-flip hard money loans. They issue terms between 1 year and 3 years, rates starting at 9% , and loan amounts starting from $200,000 with a maximum LTV of 75%. They provide loans on the following property types: single family homes, multi-family, apartments, office units, retail units, hotels, storage facilities, senior facilities, mixed use spaces, warehouse buildings, industrial buildings, medical buildings, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for Miner Capital Funding

Below are the general loan guidelines published on the Miner Capital Funding 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 Miner Capital Funding.

Loan Example 1

Alvin is a house flipper in Kansas City, MO. He discovers a run-down property for sale and decides to renovate it and sell it for a profit. The house costs $350,000 but he does not have the full amount so he takes out a hard money loan with Miner Capital Funding. The lender agrees to make a note with a 85% loan to value (LTV) so they will loan $297,500 on the house. The rate on the note is 8% for a length of 12 months and the company requires a three point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle will be returned after the sale of the property.

By the parameters of the note, Alvin will be required to pay a $8,925 origination fee in addition to 15% of the sales price, or $52,500, since there is a 85% LTV. he will then pay $1,983 per month to the lender. If Alvin sells the property for $420,000 after 12 months, he would realize a gross profit of $37,275 after deducting the principle of $297,500, the money contributed at closing of $52,500, the origination points of $8,925, and the total interest payments of $23,800. This profit does not include rehab costs.

Loan Example 2

Tamara takes out a private money loan from Miner Capital Funding in order to remodel a property to re-sell in Washington DC, DC. The loan has the following terms:

a) A $300,000 sales price, b) a 85% loan to value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 2% origination fee.

Tamara plans to list the house when the note expires for $405,000. If she accomplishes her goal, the outcome will be the following:

$405,000 sales price
- $255,000 loan principle (85% LTV)
- $45,000 cash paid at closing (15% on 85% LTV)
- $5,100 origination fee (2% of the $255,000 principle amount)
- $34,425 total interest paid (18 months x 9% interest)
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= $65,475 total profit (doesn't include taxes or renovation costs)

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