Real Funding Group

About Real Funding Group

Based in Salt Lake City, UT, Real Funding Group is an asset-based lender offering funding in Salt Lake City. They offer loans for a variety of scenarios, including builder loans, short term loans, fix-and-flip loans, loans for rental properties, and commercial loans. They issue loan amounts ranging from $5,000 to $1,000,000 with a maximum LTV of 90%, terms up to 12 months, and rates ranging between 12% and 18%. They offer loans on many types of properties, including single family homes, multi family residences, apartments, office buildings, retail storefronts, hotels/motels, storage facilities, senior housing facilities, mixed use, warehouse buildings, industrial buildings, medical offices, and raw land.

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

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

Areas Served: Salt Lake City

Lending Guidelines for Real Funding Group

Below are the general loan guidelines published on the Real Funding 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 Real Funding Group.

Loan Example 1

Real Funding Group issues a fix and flip loan to Sidney for a renovation project in Salt Lake City, UT, on a property that is listed for $280,000. The loan-to-value (LTV) on the deal is 70%. This means that Sidney will need to bring 30% of the purchase price to closing and the principle will be $196,000 on the deal. The loan also includes the following features: 1) a 6 month term, 2) a 8% interest-only note, and 3) a five point origination charge.

Sidney will have to bring a total of $32,400 upon closing to cover the $84,000 down payment plus the $9,800 origination fee. The monthly interest-only payments will then be $1,307 to Real Funding Group. If Sidney achieves his goal of a $336,000 total sales price when the loan term expires, he would earn a total profit of $38,360 after re-paying the principle on the note and deducting the cash he brought to closing, the origination fee, and the total interest payments.

Loan Example 2

Shelia is a real estate investor in Salt Lake City, UT. She finds a run-down property for a rehab project and takes a private money loan from Real Funding Group with the following terms:

$340,000 sales price
65% loan-to-value (LTV)
12 month term
13% rate of interest
2% origination fee

Shelia plans to sell the project when the note expires for $459,000. If she succeeds, the outcome would be the following:

$459,000 sales price
- $221,000 note principle (65% LTV)
- $119,000 down payment (35% on 65% LTV)
- $4,420 origination fee (2% of the $221,000 principle)
- $28,730 total interest paid (12 months x 13% interest)
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= $85,850 total profit (does not include taxes or renovation costs)

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