Oak Leaf Financial

About Oak Leaf Financial

Oak Leaf Financial is a Moorestown, NJ based private money lender. They provide funding in New York, New Jersey, Pennsylvania, Connecticut, Delaware, Maryland, and Virginia. They offer bridge loans, ground up construction loans, private refinancing, buy and hold loans, private commercial loans, and short term fix and flip loans. Their lending parameters are versatile, including loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 60% and terms between 1 year and 2 years. They provide loans on all the following types of properties: single family homes, multi family residences, apartments, office units, retail units, and industrial buildings.

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, Industrial

Areas Served: NY, NJ, PA, CT, DE, MD, VA

Lending Guidelines for Oak Leaf Financial

Below are the general loan guidelines published on the Oak Leaf Financial 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 Oak Leaf Financial.

Loan Example 1

Jamie is an investor in Brooklyn, NY. He finds a run-down property and wants to renovate it and flip it for a profit. The house costs $310,000 but he doesn't have the full amount so he takes a private money loan with Oak Leaf Financial. Because the lender sets a 80% loan-to-value, Jamie will be required to put 20% down so the amount of the note will be $248,000. The rate on the note is 14% for a length of 18 months and the company requires a four point origination fee at the close. The interest is to be paid monthly and the principle amount will be repaid after the property sells.

Jamie must fund a total of $32,400 up front to pay the $62,000 down payment in addition to the $9,920 origination fee. he must then pay $2,893 monthly to the lender. If Jamie sells the property for $403,000 after 18 months, he would earn a gross profit of $31,000 after deducting the principle amount of $248,000, the cash paid at closing of $62,000, the origination points of $9,920, and the aggregate interest payments of $52,080. This profit doesn't account for building costs.

Loan Example 2

Polly finds a property in Brooklyn, NY to renovate and sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Oak Leaf Financial with the following parameters:

$280,000 purchase price
70% loan-to-value (LTV)
6 month term
12% rate of interest
2% origination fee

If Polly accomplishes her goal of a $364,000 sales price, the outcome of the deal will be as follows:

$364,000 sales price
- $196,000 loan principle (70% LTV)
- $84,000 cash paid at closing (30% on 70% LTV)
- $3,920 origination fee (2% of the $196,000 principle)
- $11,760 total interest paid (6 months x 12% interest)
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= $68,320 gross profit (does not include taxes or rehab costs)

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