Primeau Funding
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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About Primeau Funding
Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They provide rates ranging between 9.5% and 12.5%, loan amounts ranging from $250,000 to $1,000,000, and terms up to 3 years. They offer loans on the following property types: single family units, multi-family, apartment buildings, offices, mixed use spaces, retail spaces, warehouses, storage buildings, and industrial facilities.
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Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Mixed Use, Retail, Warehouse, Storage, Industrial
Areas Served: National
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Lending Guidelines for Primeau Funding
Below are the general loan guidelines published on the Primeau Funding website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: $250,000 - $1,000,000
Available Rates: 9.5% - 12.5%
Typical Terms: Up to 36 months
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: N/ACommercial Hard Money Loans
Loan Amounts: $250,000 - $1,000,000
Available Rates: 9.5% - 12.5%
Typical Terms: Up to 36 months
Points Charged: N/A
Max Loan-to-Value (LTV): 75%
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: N/ANew Construction Loans
Loan Amounts: $1,000,000 and up
Available Rates: 9.5% - 12.5%
Typical Terms: Up to 36 months
Points Charged: N/A
Max Loan-to-Value (LTV): 75%
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: N/ABridge Loans
Loan Amounts: $250,000 - $1,000,000
Available Rates: 9.5% - 12.5%
Typical Terms: Up to 36 months
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: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Primeau Funding.
Loan Example 1
Jordan closes on a $150,000 rehab project in Henderson, NV, using a hard money loan from Primeau Funding. The lender agrees to write a loan with a 85% loan-to-value (LTV) so they are willing to extend $127,500 on the project. The terms of the loan also stipulate a two percent origination fee which is to be paid at the closing and a 12 month, interest only note with a 8% rate of interest.
According to the terms of the note, Jordan will have to pay a $2,550 origination fee plus 15% of the sales price, or $22,500, based on the 85% LTV. After the deal closes, he will need to pay Primeau Funding $850 in monthly interest payments, or 8% multiplied times $127,500 divided by 12 months in a year. If Jordan accomplishes his goal of a $225,000 sales price when the loan term expires, he would make a total profit of $62,250 after re-paying the principle on the note and deducting the cash he paid at closing, the origination points, and the total interest payments.
Loan Example 2
Sam takes a loan from Primeau Funding in order to remodel a property to flip in Alexandria, VA. The deal has the following terms:
a) A $390,000 purchase price, b) a 85% loan-to-value (LTV), c) a 12 month term, d) a 8% interest rate, and e) a 3% origination fee.
If Sam succeeds in his goal of a $546,000 sales price, the final numbers of the deal would be as follows:
$546,000 sales price
- $331,500 principle (85% LTV)
- $58,500 cash paid at closing (15% on 85% LTV)
- $9,945 origination fee (3% of the $331,500 principle amount)
- $26,520 total interest paid (12 months x 8% interest)
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= $119,535 total profit (does not include taxes or renovation costs) -
by BobbyS 05/23/2024
The purpose of this letter is to personally thank you for all you have done to improve my credit score – by 28 points and counting – to help me obtain needed funding for our exciting project. Your guidance how to improve my credit score with all three credit reporting agencies has been masterful. You crafted multiple letters to each agency that relayed a sense of urgency in a very professional manner. Each agency responded quickly since time is of the essence. I also want to say that your fee is very reasonable, especially compared to the results we have received to date. Thank you and your Team at Primeau Funding for persevering to obtain the results we need to move forward with the loan process. When many other entities have said ‘no’ or unnecessarily dragged out the process, your ‘can do’ spirit and professionalism shines brighter than all the rest.
The purpose of this letter is to personally thank you for all you have done to improve my credit score – by 28 points and counting – to help me obtain needed funding for our exciting project. Your guidance how to improve my credit score with all three credit reporting agencies has been masterful. You crafted multiple letters to each agency that relayed a sense of urgency in a very professional manner. Each agency responded quickly since time is of the essence. I also want to say that your fee is very reasonable, especially compared to the results we have received to date. Thank you and your Team at Primeau Funding for persevering to obtain the results we need to move forward with the loan process. When many other entities have said ‘no’ or unnecessarily dragged out the process, your ‘can do’ spirit and professionalism shines brighter than all the rest.by Holly S. 05/25/2021
Debbie McNutt was very kind as she and I had three phone calls after several investors and brokers played around with our loan and wanted money to come and do a site visit without taking any time to really understand our loan needs or the property type. Debbie asked if she could speak with the seller along with spent over two hours between three calls with myself along with a phone call with the seller of the property of which no one else would get on the phone with. Debbie did not charge us a dime to help us to this extent. I wish there were more people like Debbie in the loan community that would take the kind of time that she did to assist my husband and I.Holly S.
Debbie McNutt was very kind as she and I had three phone calls after several investors and brokers played around with our loan and wanted money to come and do a site visit without taking any time to really understand our loan needs or the property type. Debbie asked if she could speak with the seller along with spent over two hours between three calls with myself along with a phone call with the seller of the property of which no one else would get on the phone with. Debbie did not charge us a dime to help us to this extent. I wish there were more people like Debbie in the loan community that would take the kind of time that she did to assist my husband and I.Holly S.by Chemah D. 01/22/2019
I was referred to Debbie McNutt with Primeau Funding by someone who had done business with them in the past as we were looking for equity participation for our project in Angola. Debbie was very nice along with provided us with the opportunity to meet with her investors less than 3-weeks from the time we sent in our documentation.
I was referred to Debbie McNutt with Primeau Funding by someone who had done business with them in the past as we were looking for equity participation for our project in Angola. Debbie was very nice along with provided us with the opportunity to meet with her investors less than 3-weeks from the time we sent in our documentation.by Kevin Davies 09/10/2018
My partners and I flew into Phoenix and met with Debbie along with had dinner at the Hilton where we stayed in Mesa. We were very pleased as to the time that Debbie spent with us going over our project as she did not rush our meeting along with treated us to dinner. We ended up spending five-hours together. We stayed an extra night in order to do some site seeing of which Debbie was quite helpful in providing us with the names of some places throughout the valley to visit during our stay. Debbie explained the process in detail along with guided us on the changes that would need to be made to our Executive Summary. Since our visit to Phoenix, Debbie has made an introduction to her equity group and we are currently moving forward toward funding with our project.
My partners and I flew into Phoenix and met with Debbie along with had dinner at the Hilton where we stayed in Mesa. We were very pleased as to the time that Debbie spent with us going over our project as she did not rush our meeting along with treated us to dinner. We ended up spending five-hours together. We stayed an extra night in order to do some site seeing of which Debbie was quite helpful in providing us with the names of some places throughout the valley to visit during our stay. Debbie explained the process in detail along with guided us on the changes that would need to be made to our Executive Summary. Since our visit to Phoenix, Debbie has made an introduction to her equity group and we are currently moving forward toward funding with our project.
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