Saxe Mortgage Company

About Saxe Mortgage Company

Saxe Mortgage Company is a hard money lender in Daly City, CA providing loans in San Francisco, Oakland, and San Jose. They provide short term loans, buy and hold loans, refinancing, builder loans, commercial loans, and short term fix and flip loans. They offer loan amounts starting from $100,000 with a maximum LTV of 70%. They do not require their borrowers to have a minimum credit rating to obtain a loan. They will make loans on most property types, including single family, multi family, office buildings, retail spaces, industrial facilities, and mixed use 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, Office, Retail, Industrial, Mixed Use

Areas Served: San Francisco, Oakland, San Jose

Licenses: Real Estate Broker - CA Bureau of Real Estate - License #01823875, NMLS #320862

Lending Guidelines for Saxe Mortgage Company

Below are the general loan guidelines published on the Saxe Mortgage Company 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 Saxe Mortgage Company.

Loan Example 1

Patrica closes on a $270,000 rehab project in San Francisco, CA, using a fix and flip loan from Saxe Mortgage Company. Because the lender sets a 70% loan-to-value, Patrica will need to put 30% down and the total amount of the note will be $189,000. The rate on the note is 14% for a term of 12 months and the lender requires a five point origination fee at the close. The interest is to be paid monthly and the principle amount will be returned after the sale of the property.

In addition to paying the $9,450 origination fee, Patrica will also fund $81,000 of the purchase with her own funds, or 30% of the sales price. After the deal is executed and Patrica takes the project, she will begin making monthly payments of $2,205 to the lender ($189,000 principle x 14% / 12 months). If Patrica achieves her goal of a $324,000 total sales price at the end of the loan term, she would pocket a total profit of $18,090 after repaying the principle and deducting the cash she paid at closing, the origination fee, and the total interest payments.

Loan Example 2

Lynette is a an investor in San Francisco, CA. She purchases a run-down property for a renovation project and obtains a hard money loan from Saxe Mortgage Company with the following terms:

a) A $320,000 purchase price, b) a 75% loan to value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 3% origination fee.

Based on a $448,000 sales price after the 6 month term, the final numbers for this deal would look like this:

$448,000 sales price
- $240,000 principle (75% LTV)
- $80,000 down payment (25% on 75% LTV)
- $7,200 origination fee (3% of the $240,000 principle)
- $9,600 total interest paid (6 months x 8% interest)
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= $111,200 gross profit (does not include taxes or rehab costs)