Standard Home Lending Inc

About Standard Home Lending Inc

Standard Home Lending Inc is a Studio City, CA based private lender who offers loans in Los Angeles. They offer loans for many different needs and situations, including private refinancing, hard money construction loans, short term loans, commercial hard money loans, loans for investments properties, and fix-and-flip hard money loans. They provide loans with a maximum LTV of 80% and rates ranging between 7.99% and 12%. They will make loans on all the following types of properties: single family homes, multi family residences, apartment buildings, office buildings, retail spaces, hotels and motels, storage facilities, senior communities, mixed use buildings, warehouse buildings, industrial facilities, medical facilities, and undeveloped land.

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, Warehouse, Industrial, Medical, Land

Areas Served: Los Angeles

Licenses: CA Bur of Real Estate - Real Estate Broker - BRE #01795652, NMLS#:234141

Lending Guidelines for Standard Home Lending Inc

Below are the general loan guidelines published on the Standard Home Lending Inc 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 Standard Home Lending Inc.

Loan Example 1

Standard Home Lending Inc makes a hard money loan to Jesus for a remodeling project in Los Angeles, CA, on a house that costs $330,000. The loan-to-value (LTV) on the note is 50%. This means Jesus will bring 50% of the sales price to closing and the principle will be $165,000 on the deal. The interest rate on the loan is 8% for a length of 18 months and the lender requires a five point origination fee at closing. The interest is to be paid on a monthly basis and the principle will be returned after the property sells.

In addition to paying the $8,250 origination fee, Jesus will also fund $165,000 of the purchase with his own cash, or 50% of the sales price. Once the loan is closed and Jesus takes over the property, he will have to begin making monthly payments of $1,100 to Standard Home Lending Inc ($165,000 principle x 8% / 12 months). Assuming Jesus sells the remodeled project for $478,500 at the end of the 18 month term, his total profit (not accounting for renovation costs) would be $120,450. This is calculated by taking the sales price ($478,500) and subtracting the original note amount ($165,000), the origination cost ($8,250), the cash he contributed to closing ($165,000), and the total interest expenses ($19,800).

Loan Example 2

Andrew locates a house in Los Angeles, CA to rehab and re-sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Standard Home Lending Inc with the following parameters:

$280,000 sales price
80% loan-to-value (LTV)
18 month term
8% interest rate
4% origination fee

Andrew plans to sell the property when the note expires for $406,000. If he achieves this goal, the deal numbers will be as follows:

$406,000 sales price
- $224,000 principle on note (80% LTV)
- $56,000 down payment (20% on 80% LTV)
- $8,960 origination fee (4% of the $224,000 principle amount)
- $26,880 interest payments (18 months x 8% interest)
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= $90,160 total profit (doesn't include taxes or renovation costs)

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