Scottsdale Private Lending

About Scottsdale Private Lending

Scottsdale Private Lending is a hard money lender in Scottsdale, AZ offering loans throughout Arizona. They provide cash out hard money loans, short term fix and flip loans, hard money bridge loans, loans for rental properties, new construction loans, and commercial loans. Their lending parameters are flexible, including loan amounts ranging from $75,000 to $2,500,000 with a maximum LTV of 65% and terms between 6 months and 5 years. They offer loans on numerous types of properties, including single family units, multi family residences, apartments, office units, retail units, hotels/motels, storage buildings, senior living facilities, mixed use spaces, raw land, churches, warehouses, industrial buildings, and medical offices.

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

Licenses: MB:0928434, NMLS: 1240417

Lending Guidelines for Scottsdale Private Lending

Below are the general loan guidelines published on the Scottsdale Private Lending 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 Scottsdale Private Lending.

Loan Example 1

Lester is a house flipper in Phoenix, AZ. He locates an older property for sale and decides to remodel it and flip it for a profit. The house costs $190,000 but he doesn't have the full amount so he takes a private money loan with Scottsdale Private Lending. The terms of the note include a 50% loan to value (LTV), so he must bring 50% of the price as cash at closing, making the principle note amount $95,000. The loan also has the following features: 1) a 6 month term, 2) a 8% interest only note, and 3) a two percent origination charge.

In addition to paying the $1,900 origination fee, Lester will also fund $95,000 of the purchase with his own cash, or 50% of the purchase price. Scottsdale Private Lending will collect $633 in monthly interest from the Lester. This is computed by taking the total note value of $95,000, multiplying by the 8% rate of interest, and then dividing that amount by 12. If Lester achieves his goal of a $285,000 total sales price when the loan expires, he would make a gross profit of $89,300 after repaying the principle amount and subtracting the money he brought to closing, the origination points, and the total interest payments.

Loan Example 2

Elaine takes a hard money loan from Scottsdale Private Lending in order to rehab a house to flip in Phoenix, AZ. The loan has the following parameters:

$200,000 purchase price
75% loan-to-value (LTV)
6 month term
12% interest rate
4% origination fee

Elaine intends to sell the property when the note expires for $290,000. If she succeeds, the outcome would be as follows:

$290,000 sales price
- $150,000 loan principle (75% LTV)
- $50,000 down payment (25% on 75% LTV)
- $6,000 origination points (4% of the $150,000 principle)
- $9,000 total interest paid (6 months x 12% interest)
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= $75,000 total profit (does not include taxes or rehab costs)

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