RLS Mortgage

About RLS Mortgage

RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and bridge loans. Their loan parameters are flexible, including loans with a maximum LTV of 80%, terms up to 12 months, and rates ranging between 14% and 18%. They make loans on numerous property types, including single family homes, multi-family, apartments, office units, retail units, hotels, storage buildings, senior facilities, mixed use, undeveloped land, churches, warehouses, industrial facilities, and medical buildings.

Loan Types Offered: Investment Property Loans, 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, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: AZ, CA, NV

Licenses: NMLS 1034659, AZ BK0923196

Lending Guidelines for RLS Mortgage

Below are the general loan guidelines published on the RLS Mortgage 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 RLS Mortgage.

Loan Example 1

Kristina closes on a $190,000 rehab project in Los Angeles, CA, using a fix and flip loan from RLS Mortgage. As the lender sets a 70% loan to value, Kristina will have to put 30% down and the amount of the note will be $133,000. The loan also includes these features: 1) a 18 month term, 2) a 13% interest only note, and 3) a five point origination charge.

Therefore, the borrower will be required to contribute a $57,000 down payment plus pay a $6,650 origination fee. she must then pay $1,441 per month to RLS Mortgage. Kristina's intention is to finish the renovation by the end of the 18 months and resell it for $247,000. If she succeeds she will collect a profit of $24,415 ($247,000 sales price - $133,000 principle amount - $57,000 funds brough to closing - $6,650 origination fee - $25,935 in interest.

Loan Example 2

Dustin is a real estate investor in Los Angeles, CA. He buys a run-down property for a renovation project and takes out a hard money loan from RLS Mortgage with the following features:

$350,000 sales price
80% loan-to-value (LTV)
6 month term
11% interest rate
4% origination fee

If Dustin achieves his goal of a $455,000 sales price, the numbers of the project will be as follows:

$455,000 sales price
- $280,000 principle on note (80% LTV)
- $70,000 down payment (20% on 80% LTV)
- $11,200 origination points (4% of the $280,000 principle)
- $15,400 interest payments (6 months x 11% interest)
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= $78,400 total profit (does not include taxes or renovation costs)