Spearson Investment Group

About Spearson Investment Group

Spearson Investment Group is private lender headquartered in Wesley Chapel, FL. They offer loans all across the country. They provide loans for a variety of situations and needs, including short term bridge loans and fix and flip hard money loans. They issue loans with a maximum LTV of 75%. They will consider various lending requests but generally focus on single family and multi-family units.

Loan Types Offered: Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: National

Lending Guidelines for Spearson Investment Group

Below are the general loan guidelines published on the Spearson Investment Group 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 Spearson Investment Group.

Loan Example 1

Geraldine takes a fix-and-flip loan from Spearson Investment Group in order to rehab a house to flip in Henderson, NV. The list price of the house is $300,000. The borrower will need to fund 40% of the sales price in cash to the closing based on a 60% loan to value set by the lender. This makes the loan principle from Spearson Investment Group $180,000. The parameters of the note also stipulate a five percent origination fee that is to be paid at the closing and a 6 month, interest only note with a 10% interest rate.

Geraldine will need to bring a total of $32,400 upon closing to cover the $120,000 down payment plus the $9,000 origination fee. Once the loan closes, she will pay Spearson Investment Group $1,500 in monthly interest fees, or 10% multiplied times $180,000 divided by 12 months in a year. Geraldine's plan is to complete the house by the end of the 6 months and re-sell it for $390,000. If she succeeds she will earn a total profit of $72,000 ($390,000 price - $180,000 principle - $120,000 funds brough to closing - $9,000 origination points - $9,000 in total interest payments.

Loan Example 2

Lila is a real estate investor in Scottsdale, AZ. She buys a run-down house for a rehab project and takes out a private money loan from Spearson Investment Group with the following features:

$300,000 purchase price
55% loan to value (LTV)
6 month term
8% rate of interest
4% origination fee

After the renovation project is completed, if Lila sells the house for $390,000, the outcome would be as follows:

$390,000 sales price
- $165,000 principle on note (55% LTV)
- $135,000 down payment (45% on 55% LTV)
- $6,600 origination points (4% of the $165,000 principle)
- $6,600 interest payments (6 months x 8% interest)
-----------------------
= $76,800 gross profit (doesn't include taxes or rehab costs)

No Reviews Yet

Spearson Investment Group currently has no reviews. To add a review now, click the link below:

Write a Review for Spearson Investment Group