Private Mortgage Financing Partners

About Private Mortgage Financing Partners

Private Mortgage Financing Partners is a private lender in Magnolia, TX providing loans all throughout the United States. They provide investment property loans, fix and flip hard money loans, and commercial hard money loans. Their lending parameters are flexible, including loan amounts ranging from $400,000 to $3,000,000 with a maximum LTV of 65%, terms between 1 year and 5 years, and rates ranging between 12% and 12.75%. They lend money to all borrowers based on the value of the property and not on a minimum credit rating. They make loans on various property types, including single family homes, multi-family units, apartment buildings, office buildings, retail spaces, and industrial facilities.

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

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

Areas Served: National

Lending Guidelines for Private Mortgage Financing Partners

Below are the general loan guidelines published on the Private Mortgage Financing Partners 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 Private Mortgage Financing Partners.

Loan Example 1

Georgia is a real estate investor in Vancouver, WA. She locates an older property for sale and wants to rehab it and flip it for a profit. The property costs $310,000 but she does not have the full amount so she takes out a hard money loan with Private Mortgage Financing Partners. As the lender sets a 65% loan-to-value, Georgia will need to put 35% down and the principle amount of the loan will be $201,500. The loan is interest-only, with monthly payments, and is for 6 months at 9% interest with 3 origination points to be paid at closing.

In accordance with the terms of the note, Georgia will need to pay a $6,045 origination fee in addition to 35% of the purchase price, or $108,500, since there is a 65% LTV. Private Mortgage Financing Partners will collect $1,511 in monthly interest from the borrower. This is computed by taking the total loan amount of $201,500, multiplying by the 9% rate of interest, and then dividing that number by 12. If Georgia sells the house for $418,500 after 6 months, she would make a total profit of $93,388 after subtracting the original principle of $201,500, the funds paid at closing of $108,500, the origination fee of $6,045, and the total interest payments of $9,068. This amount does not include renovation costs.

Loan Example 2

Autumn is a real estate investor in Salt Lake City, UT. She purchases a run-down townhouse for a rehab project and obtains a private money loan from Private Mortgage Financing Partners with the following terms:

$150,000 purchase price
65% loan to value (LTV)
18 month term
13% interest rate
5% origination fee

If Autumn succeeds in her goal of a $217,500 sales price, the outcome of the project would be as follows:

$217,500 sales price
- $97,500 principle on note (65% LTV)
- $52,500 down payment (35% on 65% LTV)
- $4,875 origination fee (5% of the $97,500 principle amount)
- $19,013 interest payments (18 months x 13% interest)
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= $43,613 total profit (does not include taxes or rehab costs)

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