Plymouth Funding
333 Sandy Springs Circle
Atlanta, GA 30328
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About Plymouth Funding
Plymouth Funding is a private money lender headquartered in Atlanta, GA providing loans in Atlanta. They offer fix and flip hard money loans, ground up construction loans, and commercial loans. They provide loans on all the following property types: single family units, multi family residences, apartments, office buildings, retail storefronts, industrial buildings, and raw land.
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Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial, Land
Areas Served: Atlanta
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Lending Guidelines for Plymouth Funding
Below are the general loan guidelines published on the Plymouth Funding website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 4 - 5 DaysCommercial Hard Money Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 4 - 5 DaysNew Construction Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 4 - 5 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Plymouth Funding.
Loan Example 1
Greg takes a fix and flip loan from Plymouth Funding in order to rehab a townhome to resale in Atlanta, GA. The list price of the property is $310,000. The terms of the note include a 50% loan-to-value (LTV), so he must bring 50% of the price as cash to closing, which makes the principle loan amount $155,000. The deal also consists of these features: 1) a 18 month length, 2) a 11% interest only note, and 3) a four point origination fee.
Greg will have to bring $155,000 at the closing (50% on the 50% loan to value), plus he will have to pay the $6,200 origination fee. Once the deal closes, he will have to pay the lender $1,421 in monthly interest fees, or 11% multiplied by $155,000 divided by 12 months in a year. If Greg achieves his goal of a $465,000 total sales price when the loan expires, he would make a total profit of $123,225 after repaying the principle and deducting the cash he paid at closing, the origination fee, and the monthly interest payments.
Loan Example 2
Charity takes a hard money loan from Plymouth Funding in order to renovate a townhouse to re-sell in Atlanta, GA. The deal has the following parameters:
a) A $190,000 purchase price, b) a 50% loan to value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 4% origination fee.
If Charity accomplishes her goal of a $228,000 sales price, the numbers of the deal will be the following:
$228,000 sales price
- $95,000 principle (50% LTV)
- $95,000 down payment (50% on 50% LTV)
- $3,800 origination fee (4% of the $95,000 principle)
- $12,825 interest payments (18 months x 9% interest)
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= $21,375 total profit (does not include taxes or rehab costs) -
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