Taylor Derrick Capital

About Taylor Derrick Capital

Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard money construction loans, short term fix and flip loans, and hard money bridge loans. They provide terms between 3 months and 2 years, rates ranging between 9% and 14%, and loan amounts ranging from $1,000,000 to $10,000,000 with a maximum LTV of 75%. They make loans on most types of properties, including single family units, multi family, apartment buildings, office buildings, retail spaces, hotels, storage facilities, senior housing communities, mixed use spaces, warehouse spaces, industrial buildings, and medical offices.

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

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

Areas Served: UT, CO, CA, NV, ID, AZ, OR, WA, MT, WY

Lending Guidelines for Taylor Derrick Capital

Below are the general loan guidelines published on the Taylor Derrick Capital 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 Taylor Derrick Capital.

Loan Example 1

Clifford takes a private money loan from Taylor Derrick Capital in order to renovate a condo to flip in Los Angeles, CA. The list price of the property is $160,000. The loan-to-value (LTV) on the loan is 85%. This means Clifford will need to bring 15% of the purchase price to closing and the principle amount will be $136,000 on the note. The parameters of the note also stipulate a five percent origination fee which is to be paid at closing and a 6 month, interest only note with a 12% rate of interest.

Therefore, Clifford will have to make a $24,000 down payment plus pay a $6,800 origination fee. The monthly interest-only payments will then total $1,360 to Taylor Derrick Capital. If he sells the renovated project for $216,000 at the end of the 6 month term, his total profit (not accounting for renovation expenses) would be $41,040. This is computed by taking the sales price ($216,000) and subtracting the original note amount ($136,000), the origination cost ($6,800), the cash he brought to closing ($24,000), and the total interest payments ($8,160).

Loan Example 2

Taylor Derrick Capital issues a fix and flip loan to Theodore for a rehab project in Los Angeles, CA. The deal dictates the following:

$350,000 sales price
65% loan-to-value (LTV)
12 month term
11% rate of interest
1% origination fee

If Theodore accomplishes his goal of a $455,000 sales price, the numbers of the project would be the following:

$455,000 sales price
- $227,500 principle on note (65% LTV)
- $122,500 cash paid at closing (35% on 65% LTV)
- $2,275 origination fee (1% of the $227,500 principle)
- $25,025 total interest paid (12 months x 11% interest)
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= $77,700 gross profit (doesn't include taxes or renovation costs)

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