Paramount Capital Funding Group

About Paramount Capital Funding Group

Headquartered in Mandeville, LA, Paramount Capital Funding Group is a hard money lender providing loans in New Orleans, Baton Rouge, Mandeville, Slidell, and Gulfport. Their focus is primarily on commercial loans. They offer loans on all of the following types of properties: multi family residences, apartments, office units, retail spaces, hotels, storage buildings, senior housing facilities, mixed use buildings, warehouse spaces, industrial buildings, medical facilities, undeveloped land, and churches.

Loan Types Offered: Commercial Hard Money Loans

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

Areas Served: New Orleans, Baton Rouge, Mandeville, Slidell, Gulfport

Lending Guidelines for Paramount Capital Funding Group

Below are the general loan guidelines published on the Paramount Capital Funding Group 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 Paramount Capital Funding Group.

Loan Example 1

To facilitate her growing business, Marianne needs to buy a new office space. After she is denied a commercial mortgage from her local bank, she obtains a commercial private money loan from Paramount Capital Funding Group. Because the borrower and lender contract to a 80% loan to value (LTV), Marianne will fund $52,000 toward the closing and the loan principle will be $208,000 since the cost of the property is $260,000. The deal also specifies a 18 month length, a 10% interest rate, interest only payments made each month with a final payment at the end of the note (without a pre-payment penalty), and a 4 percent origination charge. By the rules of the deal, Marianne will need to pay an origination charge of $8,320 at closing (4% x $208,000 principle) and will then make payments of $1,733 per month ($208,000 principle x 10% interest / 12 months in a year). Finally, she will make a final payment of the $208,000 principle when the loan expires, or sooner if she decides to pay off early.

Loan Example 2

Carlos locates a property in New Orleans, LA to renovate and resell. Because he does not have enough cash to buy the property outright, he takes a hard money loan from Paramount Capital Funding Group with the following parameters:

$310,000 purchase price
65% loan to value (LTV)
18 month term
10% interest rate
5% origination fee

Once the renovation project is finished, if Carlos sells the project for $418,500, the numbers would be as follows:

$418,500 sales price
- $201,500 principle (65% LTV)
- $108,500 down payment (35% on 65% LTV)
- $10,075 origination points (5% of the $201,500 principle)
- $30,225 interest payments (18 months x 10% interest)
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= $68,200 total profit (doesn't include taxes or renovation costs)

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