Taylor Mortgage Group

About Taylor Mortgage Group

Taylor Mortgage Group is an Elizabeth, CO based hard money lender who offers funding throughout Colorado. They offer lending solutions for many different situations, including fix-and-flip hard money loans, ground up construction loans, private commercial loans, and bridge loans. They provide loans on all the following property types: single family, multi family residences, apartments, office buildings, retail storefronts, hotels, storage facilities, senior facilities, mixed use spaces, warehouses, industrial buildings, medical facilities, and undeveloped land.

Loan Types Offered: 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, Land

Areas Served: CO

Licenses: CO License: 100013875, NMLS: 385946

Lending Guidelines for Taylor Mortgage Group

Below are the general loan guidelines published on the Taylor Mortgage 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 Taylor Mortgage Group.

Loan Example 1

Antonio takes a private money loan from Taylor Mortgage Group in order to renovate a property to flip in Denver, CO. The list price of the house is $250,000. The terms of the deal include a 60% loan-to-value (LTV), so he must contribute 40% of the price as cash at closing, which makes the principle loan amount $150,000. The parameters of the note also stipulate a four percent origination fee that will be paid at closing and a 6 month, interest only note with a 8% interest rate.

Antonio will have to contribute $100,000 at closing (40% on the 60% loan-to-value), plus he will pay the $6,000 origination fee. Once the loan is executed and Antonio takes on the project, he will have to begin making payments each month of $1,000 to Taylor Mortgage Group ($150,000 principle x 8% / 12 months). Antonio's plan is to complete the project by the end of the 6 months and resell it for $350,000. If he succeeds he will collect a profit of $88,000 ($350,000 price - $150,000 principle - $100,000 cash at closing - $6,000 origination fee - $6,000 in total interest payments.

Loan Example 2

Taylor Mortgage Group issues a private money loan to Jerome for a remodeling project in Denver, CO. The loan dictates the following:

$290,000 purchase price
55% loan-to-value (LTV)
6 month term
14% rate of interest
1% origination fee

If Jerome accomplishes his goal of a $435,000 sales price, the outcome of the deal would be the following:

$435,000 sales price
- $159,500 note principle (55% LTV)
- $130,500 down payment (45% on 55% LTV)
- $1,595 origination fee (1% of the $159,500 principle)
- $11,165 interest payments (6 months x 14% interest)
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= $132,240 total profit (does not include taxes or renovation costs)