Touchstone Capital Partners
103 Ripley Rd
Cohasset, MA 02025
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About Touchstone Capital Partners
Headquartered in COHASSET, MA, Touchstone Capital Partners is a private money lender offering funding in Boston. They provide fix and flip loans and short term bridge loans. The focus of their loans is for single family residences and multi-family.
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Loan Types Offered: Fix and Flip Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family
Areas Served: Boston
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Lending Guidelines for Touchstone Capital Partners
Below are the general loan guidelines published on the Touchstone Capital Partners website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Touchstone Capital Partners.
Loan Example 1
Edwin takes a fix and flip loan from Touchstone Capital Partners in order to rehab a property to flip in Boston, MA. The price of the property is $370,000. The borrower will be required to bring 50% of the sales price in cash to the closing based on a 50% loan-to-value stipulated by the lending company. This makes the principle amount from Touchstone Capital Partners $185,000. The deal also includes these features: 1) a 12 month length, 2) a 13% interest-only note, and 3) a one point origination fee.
Accordingly, Edwin will need to contribute a $185,000 down payment plus pay a $1,850 origination fee. Once the deal closes, he will pay Touchstone Capital Partners $2,004 in monthly interest fees, or 13% multiplied times $185,000 divided by 12 months in a year. Assuming Edwin sells the rehabed project for $481,000 at the end of the 12 month term, his total profit (not including rehab costs) would be $85,100. This is calculated by taking the sales price ($481,000) and subtracting the original principle ($185,000), the origination fee ($1,850), the money he contributed to closing ($185,000), and the total interest payments ($24,050).
Loan Example 2
Touchstone Capital Partners issues a hard money loan to Clinton for a rehab project in Boston, MA. The deal includes the following:
a) A $340,000 sales price, b) a 80% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 2% origination fee.
Assuming a $459,000 sales price after the 12 month term, the outcome for this project would look like the following:
$459,000 sales price
- $272,000 principle (80% LTV)
- $68,000 cash paid at closing (20% on 80% LTV)
- $5,440 origination fee (2% of the $272,000 principle amount)
- $24,480 interest payments (12 months x 9% interest)
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= $89,080 total profit (does not include taxes or renovation costs) -
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