NLDS Corp

About NLDS Corp

Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property loans, and ground up construction loans. Their lending guidelines are versatile, including rates ranging between 9.99% and 12% and loan amounts ranging from $30,000 to $3,000,000 with a maximum LTV of 70%. They require their borrowers to have a minimum FICO rating of 600 to obtain a loan. They primarily make funding for single family homes and multi-family units.

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

Property Types Covered: Single Family, Multi Family

Areas Served: NY, NJ, CT, PA, MA, DC, DE, VA, AL, CO, FL, GA, IL, IN, KS, KY, LA, MI, MO, NE, NC, OH, OK, SC, TN, TX, WA, WV, WI, CA, UT, MT

Lending Guidelines for NLDS Corp

Below are the general loan guidelines published on the NLDS Corp 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 NLDS Corp.

Loan Example 1

NLDS Corp makes a hard money loan to Glenda for a rehab project in Houston, TX, on a property that costs $360,000. The borrower will need to contribute 35% of the sales price in cash to closing based on a 65% loan to value stipulated by the lending company. This makes the principle note from NLDS Corp $234,000. The terms of the deal also stipulate a three point origination fee which will be paid at closing and a 6 month, interest-only note with a 10% interest rate.

Glenda will have to bring $126,000 to the closing (35% on the 65% LTV), plus she will need to pay the $7,020 origination fee. The monthly interest only payments will then total $1,950 to NLDS Corp. If Glenda sells the house for $486,000 after 6 months, she would earn a gross profit of $107,280 after deducting the original principle of $234,000, the money contributed at closing of $126,000, the origination points of $7,020, and the aggregate interest payments of $11,700. This gross profit does not include building costs.

Loan Example 2

Jeff takes out a fix and flip loan from NLDS Corp so he can renovate a townhome to re-sell in Houston, TX. The loan has the following terms:

a) A $160,000 sales price, b) a 60% loan-to-value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 4% origination fee.

Jeff plans to list the project at the end of the term for $216,000. If he accomplishes his goal, the final numbers would be the following:

$216,000 sales price
- $96,000 principle on note (60% LTV)
- $64,000 down payment (40% on 60% LTV)
- $3,840 origination points (4% of the $96,000 principle)
- $5,280 total interest paid (6 months x 11% interest)
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= $46,880 gross profit (doesn't include taxes or rehab costs)

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