Taylor Made Lending

About Taylor Made Lending

Taylor Made Lending is private lender headquartered in Oakland Park, FL. They provide loans throughout Florida. They offer short term fix and flip loans and hard money loans for commercial properties. Their loan parameters are versatile, including terms between 24 months and 36 months, rates ranging between 10% and 13%, and loan amounts ranging from $100,000 to $10,000,000. They provide loans on all of the following types of properties: single family, multi family residences, apartments, office buildings, retail spaces, industrial buildings, and storage buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial, Storage

Areas Served: FL

Licenses: NMLS #376933

Lending Guidelines for Taylor Made Lending

Below are the general loan guidelines published on the Taylor Made Lending 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 Made Lending.

Loan Example 1

Francis finds a house in Miami, FL to rehab and re-sell. Since he does not have enough cash to purchase the $160,000 house outright, he decides to take out a hard money loan from Taylor Made Lending. Because the lender sets a 50% loan to value, Francis will have to put 50% down so the total amount of the note will be $80,000. The rate on the note is 10% for a length of 12 months and the company requires a five point origination fee at the close. The interest payments are to be paid monthly and the principle will be returned after the property sells.

By the parameters of the note, Francis will have to pay a $4,000 origination fee plus 50% of the purchase price, or $80,000, based on the 50% LTV. Once the loan closes, he will have to pay the lender $667 in monthly interest payments, or 10% times $80,000 divided by 12 months in the year. Assuming he sells the renovated house for $216,000 at the end of the 12 month term, his gross profit (not including rehab expenses) would be $44,000. This is computed by taking the purchase price ($216,000) and subtracting the original principle ($80,000), the origination cost ($4,000), the cash he contributed to closing ($80,000), and the total interest expenses ($8,000).

Loan Example 2

Peggy locates a house in Miami, FL to remodel and sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Taylor Made Lending with the following parameters:

$310,000 purchase price
55% loan-to-value (LTV)
6 month term
14% interest rate
3% origination fee

Peggy intends to list the house when the note expires for $403,000. If she accomplishes her goal, the final numbers would be as follows:

$403,000 sales price
- $170,500 principle on note (55% LTV)
- $139,500 cash paid at closing (45% on 55% LTV)
- $5,115 origination fee (3% of the $170,500 principle amount)
- $11,935 interest payments (6 months x 14% interest)
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= $75,950 gross profit (doesn't include taxes or renovation costs)

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