Silver Hill Funding

About Silver Hill Funding

Silver Hill Funding is private lender based in Coral Gables, FL. They provide funding in 39 states throughout the United States. Their lending focus is primarily on commercial loans. They provide rates ranging between 6% and 9%, loan amounts ranging from $250,000 to $2,000,000, and terms between 5 years and 7 years. They offer loans on all of the following property types: multi-family units, apartment buildings, offices, retail spaces, hotels and motels, storage buildings, senior living communities, mixed use, warehouses, industrial facilities, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans

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

Areas Served: KS, NE, NM, OK, TX, CT, ME, MA, NH, NJ, NY, RI, MO, NC, SC, AK, AZ, CA, CO, OR, UT, WA, AL, AR, LA, MD, DC, MS, VA, MN, PA, WI, IA, IL, KY, OH, IN, FL, GA

Licenses: AZ #0944445, CA #60DBO58171, FL #MLD1457, NC #227, SD #ML05161, VT #1564077 CLL

Lending Guidelines for Silver Hill Funding

Below are the general loan guidelines published on the Silver Hill Funding 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 Silver Hill Funding.

Loan Example 1

In order to purchase a new commercial building for his business, Jesse looks to Silver Hill Funding to fund his acquisition with a commercial private money loan since he cannot obtain a conforming loan from a bank. The building is listed for $400,000. Jesse will need to put 50% down, or $200,000, because the lender will only loan 50% of the transaction (the loan-to-value or "LTV"). Accordingly, the principle on the deal will be $200,000. The deal also dictates a 12 month term, a 13% rate of interest, interest only payments made monthly with a balloon payment when the note expires (without a pre-payment penalty), and a 1 percent origination fee. By the rules of this deal, Jesse will be required to pay an origination fee of $2,000 at closing (1% x $200,000 principle) and will then begin making payments of $2,167 per month ($200,000 principle x 13% interest / 12 months per year). Finally, he will make a balloon payment of the $200,000 principle upon expiration of the note, or before if he decides to pay off early.

Loan Example 2

Roxanne takes a hard money loan from Silver Hill Funding in order to renovate a house to flip in Houston, TX. The loan has the following terms:

$400,000 purchase price
65% loan-to-value (LTV)
18 month term
13% rate of interest
3% origination fee

Once the rehab project is finished, if Roxanne sells the project for $540,000, the numbers would be the following:

$540,000 sales price
- $260,000 principle (65% LTV)
- $140,000 cash paid at closing (35% on 65% LTV)
- $7,800 origination points (3% of the $260,000 principle)
- $50,700 interest payments (18 months x 13% interest)
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= $81,500 gross profit (does not include taxes or rehab costs)