Rainmaker Lending Capital

About Rainmaker Lending Capital

Rainmaker Lending Capital is private money lender based in Boise, ID. They provide loans throughout Boise. Their focus is mainly on private commercial loans. They make loans on many property types, including multi-family, apartment buildings, office buildings, mixed use spaces, retail units, warehouse buildings, storage facilities, and industrial facilities.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Mixed Use, Retail, Warehouse, Storage, Industrial

Areas Served: Boise

Lending Guidelines for Rainmaker Lending Capital

Below are the general loan guidelines published on the Rainmaker Lending Capital 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 Rainmaker Lending Capital.

Loan Example 1

Staci runs a small business in Boise, ID and decides to acquire a new office space to run her operations. Since she isn't able to secure a conforming loan from a bank, she looks to Rainmaker Lending Capital for a commercial private money loan. The cost of the property is $190,000 and the lending company agrees to fund 50% of the price (the loan to value / "LTV"), or $95,000. The other $95,000 will have to be funded by the borrower when the loan is executed. The terms of the note include a 18 month term, a 12% interest rate, and a 3 origination fee to be paid by the borrower when the deal closes. According to the parameters of this deal, Staci will need to pay origination points of $2,850 when the deal is executed. She will also start to make payments of $950 per month for the duration of the loan and will pay off the principle at the end of the 18 month term. If she decides to pay off the loan early, she can do so without an additional cost because there is not a pre-payment penalty stipulated by the note.

Loan Example 2

Robert is a real estate investor in Boise, ID. He purchases a run-down house for a remodeling project and takes out a private money loan from Rainmaker Lending Capital with the following features:

$210,000 purchase price
60% loan to value (LTV)
12 month term
11% rate of interest
2% origination fee

Assuming a $262,500 sales price after the 12 month term, the numbers for the deal would look like the following:

$262,500 sales price
- $126,000 principle on note (60% LTV)
- $84,000 down payment (40% on 60% LTV)
- $2,520 origination points (2% of the $126,000 principle amount)
- $13,860 interest payments (12 months x 11% interest)
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= $36,120 total profit (doesn't include taxes or renovation costs)

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