The Money Lending

About The Money Lending

The Money Lending is a Miami, FL based hard money lender who provides loans in Florida. They offer fix and flip hard money loans and private commercial loans. They issue loans with a maximum LTV of 70%. They provide loans on many types of properties, including single family residences, multi-family units, apartment buildings, office units, retail storefronts, hotels and motels, storage facilities, assisted living facilities, mixed use, warehouse spaces, industrial facilities, and medical buildings.

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

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

Areas Served: FL

Lending Guidelines for The Money Lending

Below are the general loan guidelines published on the The Money 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 The Money Lending.

Loan Example 1

Alisa closes on a $240,000 renovation project in Miami, FL, using a fix-and-flip loan from The Money Lending. The loan-to-value (LTV) on the note is 55%. This means Alisa will have to bring 45% of the sales price to the closing and the principle amount will be $132,000 on the loan. The rate on the loan is 12% for a length of 6 months and the lender requires a four point origination fee at the closing. The interest is to be paid on a monthly basis and the principle will be returned after the sale of the property.

Alisa will have to contribute $108,000 to closing (45% on the 55% LTV), plus she will have to pay the $5,280 origination fee. Once the loan closes, she will have to pay The Money Lending $1,320 in monthly interest payments, or 12% times $132,000 divided by 12 months in a year. At the end of the loan, she sells the rehabed property for $336,000. After subtracting the $7,920 in total interest payments ($1,320 times 6 months), the $5,280 origination fee, the $132,000 principle amount on the loan, and the $108,000 she contributed to the closing, she will make a gross profit of $82,800 ($336,000 price minus $253,200 in costs). This amount would be reduced by any building costs paid out of pocket.

Loan Example 2

Kelly is a real estate investor in Miami, FL. She locates an older house for a remodeling project and takes out a fix and flip loan from The Money Lending with the following features:

$310,000 sales price
85% loan to value (LTV)
12 month term
8% interest rate
2% origination fee

Based on a $449,500 sales price at the end of the 12 month term, the outcome for the project would look like this:

$449,500 sales price
- $263,500 loan principle (85% LTV)
- $46,500 cash paid at closing (15% on 85% LTV)
- $5,270 origination points (2% of the $263,500 principle amount)
- $21,080 interest payments (12 months x 8% interest)
-----------------------
= $113,150 total profit (doesn't include taxes or rehab costs)

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