Sharestates

About Sharestates

Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long term rental property loans. Our lending guidelines are flexible, including loan amounts ranging from $100,000 to $10,000,000 with a maximum LTV of 90%, rates ranging between 3.5% and 11%, and terms between 6 months and 30 years. The minimum credit rating required is 620. Sharestates provides loans on the following property types: single family, multi-family, apartment, office, retail, and mixed use spaces.

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

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

Areas Served: AK, AL, AR, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, NE, NH, NJ, NM, NY, OH, OK, PA, RI, SC, TN, TX, VA, WI, WV, WY, AZ

Lending Guidelines for Sharestates

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

Loan Example 1

Amanda finds a house in Houston, TX to flip and re-sell. Since she does not have enough cash to purchase the $340,000 property outright, she takes out a private money loan from Sharestates. The lender agrees to write a loan with a 75% loan-to-value (LTV) so they will loan $255,000 on the house. The parameters of the deal also include a three percent origination fee that is to be paid at closing and a 6 month, interest-only note with a 9% interest rate.

Amanda must contribute a total of $32,400 up front to cover the $85,000 down payment in addition to the $7,650 origination fee. Once the deal is executed and Amanda takes on the property, she will need to begin making monthly payments of $1,913 to Sharestates ($255,000 principle x 9% / 12 months). If Amanda sells the project for $476,000 after 6 months, she would then earn a gross profit of $116,875 after subtracting the principle amount of $255,000, the cash contributed at the close of $85,000, the origination fee of $7,650, and the total interest payments of $11,475. This profit does not account for remodeling costs.

Loan Example 2

Joseph takes a fix and flip loan from Sharestates in order to renovate a townhouse to resell in Houston, TX. The loan has the following parameters:

$180,000 sales price
65% loan-to-value (LTV)
6 month term
13% interest rate
4% origination fee

Based on a $225,000 sales price after the 6 month term, the final numbers for this project would look like the following:

$225,000 sales price
- $117,000 principle on note (65% LTV)
- $63,000 down payment (35% on 65% LTV)
- $4,680 origination points (4% of the $117,000 principle amount)
- $7,605 interest payments (6 months x 13% interest)
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= $32,715 gross profit (doesn't include taxes or rehab costs)

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