Premier Lending Group

About Premier Lending Group

Premier Lending Group is a San Antonio, TX based private money lender. They offer loans in San Antonio. They provide lending solutions for many different situations, including investment property loans, private commercial loans, construction loans, and short term fix and flip loans. They require borrowers to have a minimum FICO rating of 550 to obtain a loan. They provide loans on the following types of properties: single family, multi family, apartments, office buildings, retail units, and industrial buildings.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial

Areas Served: San Antonio

Licenses: NMLS: 294874

Lending Guidelines for Premier Lending Group

Below are the general loan guidelines published on the Premier Lending 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 Premier Lending Group.

Loan Example 1

Premier Lending Group makes a fix-and-flip loan to Shana for a rehab project in San Antonio, TX, on a property that costs $220,000. The loan to value (LTV) on the loan is 65%. This means that Shana will bring 35% of the purchase price to closing and the principle amount will be $143,000 on the deal. The terms of the deal also stipulate a five percent origination fee that will be paid at closing and a 6 month, interest only note with a 10% rate of interest.

According to the terms of the loan, Shana will be required to contribute a $7,150 origination fee in addition to 35% of the purchase price, or $77,000, since there is a 65% LTV. The lender will collect $1,192 in monthly interest payments from the borrower. This is calculated by taking the total note amount of $143,000, multiplying by the 10% rate of interest, and then dividing that number by 12. Assuming she sells the rehabed project for $319,000 at the end of the 6 month term, her total profit (not accounting for remodeling expenses) would be $84,700. This is calculated by taking the sales price ($319,000) and subtracting the original principle ($143,000), the origination fee ($7,150), the cash she brought to closing ($77,000), and the total interest payments ($7,150).

Loan Example 2

Dean takes a private money loan from Premier Lending Group so he can remodel a property to re-sell in San Antonio, TX. The loan has the following parameters:

$320,000 sales price
80% loan-to-value (LTV)
12 month term
10% interest rate
2% origination fee

Dean plans to sell the project at the end of the term for $384,000. If he achieves this goal, the deal numbers would be as follows:

$384,000 sales price
- $256,000 note principle (80% LTV)
- $64,000 down payment (20% on 80% LTV)
- $5,120 origination fee (2% of the $256,000 principle)
- $25,600 interest payments (12 months x 10% interest)
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= $33,280 total profit (does not include taxes or rehab costs)

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