PFC Commercial Group

About PFC Commercial Group

PFC Commercial Group is a Chicago, IL based private money lender. They provide loans throughout Chicago. They provide buy and hold loans, bridge loans, private refinancing, fix-and-flip loans, and commercial hard money loans. Their loan guidelines are flexible, including terms between 6 months and 3 years, loans with a maximum LTV of 80%, and rates ranging between 9% and 14%. They offer loans on all the following types of properties: single family units, multi-family units, apartment buildings, office buildings, retail storefronts, hotels and motels, storage buildings, senior living facilities, mixed use spaces, undeveloped land, churches, warehouses, industrial buildings, and medical facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out 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 PFC Commercial Group

Below are the general loan guidelines published on the PFC Commercial 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 PFC Commercial Group.

Loan Example 1

Bonita takes a fix and flip loan from PFC Commercial Group in order to remodel a duplex to resale in Chicago, IL. The sales price of the property is $260,000. The lender agrees to issue a loan with a 70% loan to value (LTV) so they will loan $182,000 on the project. The terms of the deal dictate a 14% note for 6 months. They also require a 2 point origination fee, that will also need to be paid upon closing.

On top of the $3,640 origination fee, Bonita will also fund $78,000 of the purchase with her own funds, or 30% of the sales price. After the deal is closed and Bonita takes the property, she will begin making payments each month of $2,123 to the lender ($182,000 principle x 14% / 12 months). If Bonita accomplishes her goal of a $351,000 total sales price when the loan term expires, she would make a gross profit of $74,620 after repaying the principle on the note and subtracting the cash she brought to closing, the origination fee, and the monthly interest payments.

Loan Example 2

Jewel takes out a private money loan from PFC Commercial Group in order to remodel a house to resell in Chicago, IL. The loan has the following terms:

$330,000 purchase price
50% loan-to-value (LTV)
6 month term
10% interest rate
1% origination fee

Jewel intends to list the property when the note expires for $396,000. If she accomplishes her goal, the final numbers will be as follows:

$396,000 sales price
- $165,000 note principle (50% LTV)
- $165,000 down payment (50% on 50% LTV)
- $1,650 origination fee (1% of the $165,000 principle amount)
- $8,250 interest payments (6 months x 10% interest)
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= $56,100 total profit (doesn't include taxes or rehab costs)