Pine Financial Group

About Pine Financial Group

Headquartered in Wheat Ridge, CO, Pine Financial Group is a private money lender offering loans in Colorado and Minnesota. They offer fix and flip loans, short term loans, and long term rental property loans. Their loan guidelines are versatile, including terms up to 9 months, loans with a maximum LTV of 70%, and rates starting at 15%. They will consider various loan scenarios but generally focus on single family and multi-family units.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: CO, MN

Lending Guidelines for Pine Financial Group

Below are the general loan guidelines published on the Pine Financial 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 Pine Financial Group.

Loan Example 1

Jordan closes on a $300,000 rehab project in Minneapolis, MN, using a hard money loan from Pine Financial Group. The loan to value (LTV) on the deal is 65%. This means Jordan will have to bring 35% of the sales price to closing and the principle will be $195,000 on the deal. The rate on the note is 8% for a length of 18 months and the company requires a four point origination fee at the closing. The interest payments are to be paid monthly and the principle amount will be repaid after the sale of the property.

Jordan must fund a total of $32,400 up front to pay the $105,000 down payment in addition to the $7,800 origination fee. After the deal is executed and Jordan takes the project, he will have to begin making monthly payments of $1,300 to Pine Financial Group ($195,000 principle x 8% / 12 months). Jordan's intention is to complete the remodel by the end of the 18 months and sell it for $375,000. If he succeeds he will earn a profit of $43,800 ($375,000 sales price - $195,000 principle - $105,000 down payment - $7,800 origination points - $23,400 in total interest.

Loan Example 2

Kirk finds a house in Minneapolis, MN to rehab and resell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Pine Financial Group with the following parameters:

$370,000 purchase price
50% loan to value (LTV)
12 month term
8% rate of interest
5% origination fee

Assuming a $499,500 sales price after the 12 month term, the final numbers for the project would look like the following:

$499,500 sales price
- $185,000 loan principle (50% LTV)
- $185,000 cash paid at closing (50% on 50% LTV)
- $9,250 origination points (5% of the $185,000 principle amount)
- $14,800 interest payments (12 months x 8% interest)
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= $105,450 total profit (does not include taxes or rehab costs)