Polaris Commercial Financing Group

About Polaris Commercial Financing Group

Polaris Commercial Financing Group is hard money lender headquartered in Arlington, TX. They offer funding all throughout the United States. They provide lending solutions for a variety of situations and needs, including ground up construction loans, commercial loans, and short term loans. They provide rates ranging between 9% and 14% and loan amounts ranging from $1,000,000 to $100,000,000 with a maximum LTV of 80%. They offer loans on all of the following types of properties: multi family, apartments, offices, retail storefronts, hotels and motels, storage facilities, assisted living facilities, mixed use spaces, warehouse spaces, industrial facilities, medical facilities, and raw land.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for Polaris Commercial Financing Group

Below are the general loan guidelines published on the Polaris Commercial Financing 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 Polaris Commercial Financing Group.

Loan Example 1

Polaris Commercial Financing Group makes a hard money loan to Todd for the acquisition of a new office space after he is turned down for a standard loan by his credit union because he has a subpar credit rating. Because the lender and borrower contract to a 80% loan to value (LTV), Todd will fund $72,000 at the close and the loan principle amount will be $288,000 because the list price of the property is $360,000. The loan also specifies a 6 month term, a 12% interest rate, interest-only payments made each month with a final payment when the note expires (without a pre-payment penalty), and a 1 percent origination fee. Todd will be required to pay the origination fee of $2,880 and will then begin to make the monthly payments in the amount of $2,880 ($288,000 principle x 12% interest / 12 months). He may repay the note whenever he chooses since there isn't a pre-payment penalty but he is responsible for paying off the full principle whenever he eliminates the loan.

Loan Example 2

William is a an investor in Corpus Christi, TX. He purchases a run-down property for a remodeling project and obtains a hard money bridge loan from Polaris Commercial Financing Group with the following features:

$280,000 sales price
75% loan-to-value (LTV)
12 month term
8% rate of interest
2% origination fee

After the rehab project is completed, if William sells the property for $420,000, the final numbers would be as follows:

$420,000 sales price
- $210,000 note principle (75% LTV)
- $70,000 down payment (25% on 75% LTV)
- $4,200 origination points (2% of the $210,000 principle)
- $16,800 interest payments (12 months x 8% interest)
-----------------------
= $119,000 gross profit (doesn't include taxes or rehab costs)

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