RevitaLending

About RevitaLending

RevitaLending is a hard money lender that specializes in short-term investment loans. They have been lending since 2007. Their lending guidelines are simple, direct, and hassle-free. They offer rehab loans, bridge loans, long-term rental loans, and small balance commercial loans.

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

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

Areas Served: National

Lending Guidelines for RevitaLending

Below are the general loan guidelines published on the RevitaLending 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 RevitaLending.

Loan Example 1

Phyllis takes a fix and flip loan from RevitaLending in order to rehab a duplex to resale in Washington DC, DC. The sales price of the property is $320,000. The loan to value (LTV) on the deal is 70%. This means that Phyllis will have to bring 30% of the purchase price to closing and the principle will be $224,000 on the note. The terms of the loan dictate a 10% note for 12 months. They also require a 3 point origination fee, which will also need to be paid when the property closes.

In addition to paying the $6,720 origination fee, Phyllis will also need to fund $96,000 of the purchase with her own funds, or 30% of the purchase price. After the loan is closed and Phyllis takes the property, she will begin making monthly payments of $1,867 to RevitaLending ($224,000 principle x 10% / 12 months). Phyllis's plan is to finish the project within the 12 months and re-sell it for $480,000. If she succeeds she will collect a gross profit of $130,880 ($480,000 price - $224,000 principle - $96,000 down payment - $6,720 origination points - $22,400 in total interest.

Loan Example 2

Guy is a an investor in Washington DC, DC. He buys a run-down townhouse for a renovation project and obtains a hard money loan from RevitaLending with the following paramters:

$330,000 sales price
70% loan to value (LTV)
18 month term
12% interest rate
4% origination fee

After the rehab project is complete, if Guy sells the project for $462,000, the final numbers would be as follows:

$462,000 sales price
- $231,000 note principle (70% LTV)
- $99,000 cash paid at closing (30% on 70% LTV)
- $9,240 origination fee (4% of the $231,000 principle)
- $41,580 interest payments (18 months x 12% interest)
-----------------------
= $81,180 gross profit (doesn't include taxes or renovation costs)

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