Render Capital Group

About Render Capital Group

Render Capital Group is a Hobart, IN based hard money lender. They offer loans in 15 states across the country. They offer loans for a variety of scenarios, including commercial hard money loans, hard money bridge loans, and fix-and-flip hard money loans. Their lending guidelines are flexible, including loan amounts ranging from $75,000 to $500,000 with a maximum LTV of 75% and rates ranging between 7% and 12.5%. They require a minimum credit rating of 550 to receive a loan. They primarily offer funding for single family and multi family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: CO, CT, FL, GA, IL, MD, MI, MO, OH, PA, SC, TN, WA, WV, VA

Lending Guidelines for Render Capital Group

Below are the general loan guidelines published on the Render Capital 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 Render Capital Group.

Loan Example 1

Rhonda takes a fix-and-flip loan from Render Capital Group in order to remodel a property to resale in Chicago, IL. The price of the house is $360,000. Since the lender agrees to a 65% loan-to-value, Rhonda will have to put 35% down so the total amount of the loan will be $234,000. The terms of the loan dictate a 10% note for 12 months. They also require a 2 point origination fee, which will also need to be paid at closing.

Rhonda must contribute a total of $32,400 up front to cover the $126,000 down payment in addition to the $4,680 origination fee. The lender will collect $1,950 in monthly interest from the borrower. This is computed by taking the total loan value of $234,000, multiplying by the 10% rate of interest, and then dividing that number by 12. If Rhonda sells the house for $540,000 after 12 months, she would then make a total profit of $151,920 after deducting the principle of $234,000, the money paid at the close of $126,000, the origination fee of $4,680, and the total interest payments of $23,400. This profit does not include rehab costs.

Loan Example 2

Keith finds a townhouse in Chicago, IL to renovate and sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Render Capital Group with the following parameters:

a) A $330,000 purchase price, b) a 50% loan to value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 4% origination fee.

Keith plans to list the project when the note expires for $495,000. If he succeeds, the deal numbers would be the following:

$495,000 sales price
- $165,000 principle on note (50% LTV)
- $165,000 down payment (50% on 50% LTV)
- $6,600 origination fee (4% of the $165,000 principle amount)
- $18,150 interest payments (12 months x 11% interest)
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= $140,250 total profit (does not include taxes or rehab costs)

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