Perfect Alliance Capital

About Perfect Alliance Capital

Headquartered in Hoffman Estates, IL, Perfect Alliance Capital is a private money lender providing loans in Chicago. They offer short term fix and flip loans, loans for investments properties, short term loans, hard money loans for commercial properties, and construction loans. They provide loan amounts ranging from $1,000,000 to $100,000,000 with a maximum LTV of 80% and rates ranging between 9% and 14%. They make loans on various types of properties, including single family homes, multi family, apartments, offices, retail units, hotels/motels, storage facilities, senior living communities, mixed use buildings, raw land, churches, warehouse buildings, industrial buildings, and medical offices.

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

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

Areas Served: Chicago

Lending Guidelines for Perfect Alliance Capital

Below are the general loan guidelines published on the Perfect Alliance Capital 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 Perfect Alliance Capital.

Loan Example 1

Althea closes on a $150,000 rehab project in Chicago, IL, using a fix and flip loan from Perfect Alliance Capital. As the lender sets a 85% loan-to-value, Althea will need to put 15% down and the principle amount of the note will be $127,500. The terms of the deal also stipulate a four percent origination fee which is to be paid at closing and a 6 month, interest only note with a 13% rate of interest.

According to the parameters of the deal, Althea will need to pay a $5,100 origination fee in addition to 15% of the sales price, or $22,500, since there is a 85% LTV. After the loan closes, she will need to pay Perfect Alliance Capital $1,381 in monthly interest payments, or 13% multiplied times $127,500 divided by 12 months in the year. Althea's plan is to finish the renovation by the end of the 6 months and resell it for $225,000. If she succeeds she will earn a profit of $61,613 ($225,000 sales price - $127,500 principle amount - $22,500 cash at closing - $5,100 origination points - $8,288 in total interest paid.

Loan Example 2

Chris locates a townhouse in Chicago, IL to renovate and resell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Perfect Alliance Capital with the following parameters:

a) A $300,000 sales price, b) a 75% loan to value (LTV), c) a 12 month term, d) a 13% interest rate, and e) a 4% origination fee.

Chris plans to list the house when the note expires for $405,000. If he accomplishes his goal, the deal numbers will be as follows:

$405,000 sales price
- $225,000 note principle (75% LTV)
- $75,000 cash paid at closing (25% on 75% LTV)
- $9,000 origination points (4% of the $225,000 principle)
- $29,250 interest payments (12 months x 13% interest)
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= $66,750 gross profit (doesn't include taxes or renovation costs)

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