New Hampshire Private Lending

About New Hampshire Private Lending

New Hampshire Private Lending is a hard money lender based in Weare, NH providing funding in New Hampshire. They provide fix-and-flip hard money loans, short term bridge loans, and long term rental property loans. They provide rates ranging between 12% and 14%, loan amounts ranging from $50,000 to $250,000 with a maximum LTV of 65%, and terms up to 12 months. They will consider different loan scenarios but usually focus on single family homes and multi-family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: NH

Lending Guidelines for New Hampshire Private Lending

Below are the general loan guidelines published on the New Hampshire Private Lending 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 New Hampshire Private Lending.

Loan Example 1

New Hampshire Private Lending makes a hard money loan to Marion for a remodeling project in Manchester, NH, on a house that costs $230,000. The loan-to-value (LTV) on the note is 55%. This means that Marion will need to bring 45% of the sales price to closing and the principle amount will be $126,500 on the note. The terms of the note also stipulate a three point origination fee which is to be paid at closing and a 6 month, interest only note with a 9% interest rate.

Accordingly, the borrower will be required to contribute a $103,500 down payment in addition to paying a $3,795 origination fee. The monthly interest only payments will then total $949 to New Hampshire Private Lending. Marion's plan is to complete the house by the end of the 6 months and resell it for $333,500. If he succeeds he will collect a profit of $94,013 ($333,500 sales price - $126,500 principle amount - $103,500 funds brough to closing - $3,795 origination fee - $5,693 in total interest.

Loan Example 2

Loretta finds a property in Manchester, NH to renovate and re-sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from New Hampshire Private Lending with the following parameters:

a) A $350,000 sales price, b) a 70% loan-to-value (LTV), c) a 18 month term, d) a 10% interest rate, and e) a 5% origination fee.

Assuming a $455,000 sales price after the 18 month term, the final numbers for this deal would look like the following:

$455,000 sales price
- $245,000 note principle (70% LTV)
- $105,000 down payment (30% on 70% LTV)
- $12,250 origination fee (5% of the $245,000 principle amount)
- $36,750 total interest paid (18 months x 10% interest)
-----------------------
= $56,000 total profit (doesn't include taxes or renovation costs)

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