Pelorus Equity Group

About Pelorus Equity Group

Pelorus Equity Group is a hard money lender in Laguna Hills, CA offering funding throughout California. They offer lending solutions for a variety of needs and situations, including rental property loans, private refinancing, short term loans, new construction loans, fix and flip hard money loans, and commercial hard money loans. They offer rates ranging between 8% and 10.5%, terms between 3 months and 2 years, and loan amounts ranging from $100,000 to $5,000,000 with a maximum LTV of 70%. They will make loans on all of the following property types: single family units, multi family, office units, retail storefronts, and industrial facilities.

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, Office, Retail, Industrial

Areas Served: CA

Licenses: BRE 01883368, NMLS 378840, CFL 60DBO 79155

Lending Guidelines for Pelorus Equity Group

Below are the general loan guidelines published on the Pelorus Equity 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 Pelorus Equity Group.

Loan Example 1

Dina takes a hard money loan from Pelorus Equity Group in order to renovate a house to resale in Los Angeles, CA. The list price of the property is $220,000. Since the lender sets a 70% loan-to-value, Dina will be required to put 30% down and the amount of the loan will be $154,000. The deal also has these features: 1) a 6 month length, 2) a 11% interest-only note, and 3) a four percent origination charge.

According to the terms of the note, Dina will have to pay a $6,160 origination fee in addition to 30% of the sales price, or $66,000, based on the 70% LTV. Once the deal is executed and Dina takes over the project, she will have to begin making monthly payments of $1,412 to Pelorus Equity Group ($154,000 principle x 11% / 12 months). If Dina achieves her goal of a $286,000 total sales price when the loan expires, she would earn a gross profit of $51,370 after repaying the principle amount and subtracting the cash she brought to closing, the origination points, and the monthly interest payments.

Loan Example 2

Fred finds a house in Los Angeles, CA to renovate and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Pelorus Equity Group with the following parameters:

$160,000 purchase price
80% loan-to-value (LTV)
6 month term
11% interest rate
1% origination fee

Fred intends to list the house when the note expires for $216,000. If he achieves this goal, the final numbers will be as follows:

$216,000 sales price
- $128,000 principle (80% LTV)
- $32,000 down payment (20% on 80% LTV)
- $1,280 origination points (1% of the $128,000 principle amount)
- $7,040 total interest paid (6 months x 11% interest)
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= $47,680 total profit (does not include taxes or renovation costs)

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