NSB Financing

About NSB Financing

NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, and fix-and-flip loans. They issue loan amounts starting at $125,000. They will make loans on all of the following property types: single family, multi family residences, apartments, offices, retail spaces, hotels, storage buildings, senior living facilities, mixed use spaces, warehouse buildings, industrial buildings, and medical offices.

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

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

Areas Served: MA, NY, CO, GA, TX, FL, IL, MD, CA, SC

Lending Guidelines for NSB Financing

Below are the general loan guidelines published on the NSB Financing 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 NSB Financing.

Loan Example 1

Gretchen is a real estate investor in Houston, TX. She discovers a run-down property for sale and decides to remodel it and flip it for a profit. The property costs $240,000 but she does not have the full amount so she obtains a fix and flip loan with NSB Financing. The terms of the note include a 60% loan-to-value (LTV), so she must bring 40% of the price as cash to closing, making the principle note amount $144,000. The terms of the note also include a one point origination fee which is to be paid at closing and a 12 month, interest-only note with a 14% rate of interest.

Gretchen will need to bring $96,000 to the closing (40% on the 60% loan to value), plus she will pay the $1,440 origination fee. Once the loan is closed and Gretchen takes on the property, she will begin making monthly payments of $1,680 to the lender ($144,000 principle x 14% / 12 months). If Gretchen sells the property for $324,000 after 12 months, she would earn a gross profit of $62,400 after deducting the original principle of $144,000, the money paid at closing of $96,000, the origination points of $1,440, and the total interest payments of $20,160. This profit does not include rehab costs.

Loan Example 2

Leslie locates a duplex in Houston, TX to rehab and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from NSB Financing with the following parameters:

$170,000 purchase price
55% loan to value (LTV)
18 month term
9% interest rate
1% origination fee

Leslie plans to sell the house at the end of the term for $238,000. If he succeeds, the outcome will be the following:

$238,000 sales price
- $93,500 loan principle (55% LTV)
- $76,500 cash paid at closing (45% on 55% LTV)
- $935 origination fee (1% of the $93,500 principle)
- $12,623 interest payments (18 months x 9% interest)
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= $54,443 gross profit (does not include taxes or rehab costs)