Resolve Funding

About Resolve Funding

Resolve Funding is a Boulder, CO based private lender who provides funding in 18 states across the US. They offer hard money bridge loans, fix-and-flip hard money loans, cash out loans, and commercial loans. Their lending guidelines are versatile, including rates starting at 9.95% , terms up to 36 months, and loan amounts ranging from $250,000 to $3,000,000 with a maximum LTV of 75%. The focus of their loans is on single family and multi family residences.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: AZ, IN, SC, CA, KS, TX, CO, MO, UT, DE, NJ, WA, FL, OH, OR, WY, IL, PA

Lending Guidelines for Resolve Funding

Below are the general loan guidelines published on the Resolve Funding 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 Resolve Funding.

Loan Example 1

Audra takes a hard money loan from Resolve Funding in order to renovate a house to flip in Houston, TX. The list price of the property is $230,000. Since the lender sets a 65% loan to value, Audra will have to put 35% down and the total amount of the note will be $149,500. The parameters of the loan dictate a 13% note for 6 months. They also stipulate a 1 point origination fee, which will also have to be paid upon closing.

Audra must contribute a total of $32,400 upon closing to cover the $80,500 down payment plus the $1,495 origination fee. Resolve Funding will collect $1,620 in monthly interest payments from the borrower. This is computed by taking the full note value of $149,500, multiplying that by the 13% interest rate, and then dividing that number by 12. Assuming Audra sells the renovated project for $287,500 at the end of the 6 month term, her total profit (not accounting for renovation costs) would be $46,288. This is computed by taking the sales price ($287,500) and subtracting the original note amount ($149,500), the origination fee ($1,495), the money she brought to closing ($80,500), and the total interest expenses ($9,718).

Loan Example 2

Nelson is a real estate investor in Houston, TX. He finds a run-down townhouse for a rehab project and takes out a hard money loan from Resolve Funding with the following paramters:

$400,000 purchase price
65% loan to value (LTV)
6 month term
8% interest rate
3% origination fee

Based on a $540,000 sales price after the 6 month term, the numbers for this deal would look like the following:

$540,000 sales price
- $260,000 note principle (65% LTV)
- $140,000 down payment (35% on 65% LTV)
- $7,800 origination fee (3% of the $260,000 principle)
- $10,400 total interest paid (6 months x 8% interest)
-----------------------
= $121,800 total profit (does not include taxes or rehab costs)

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