USA Private Money

About USA Private Money

Based in Mesa, AZ, USA Private Money is a private lender providing loans across the United States. They provide fix-and-flip loans, hard money bridge loans, refinancing, loans for rental properties, and private commercial loans. They offer loan amounts starting from $45,000 with a maximum LTV of 90%, terms up to 300 months, and rates ranging between 6% and 8%. Their loan guidelines do not include a minimum credit score. They will make loans on many types of properties, including single family homes, multi family, apartment buildings, office buildings, retail units, hotels, storage facilities, senior living communities, mixed use spaces, warehouse spaces, industrial buildings, and medical facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for USA Private Money

Below are the general loan guidelines published on the USA Private Money 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 USA Private Money.

Loan Example 1

Lee takes a hard money loan from USA Private Money in order to remodel a property to flip in San Antonio, TX. The list price of the property is $220,000. The terms of the note include a 75% loan to value (LTV), so she must bring 25% of the price as cash at closing, which makes the principle note amount $165,000. The interest rate on the note is 12% for a term of 12 months and the company requires a two point origination fee at closing. The interest payments are to be paid monthly and the principle will be repaid after the property sells.

Lee will need to bring $55,000 at closing (25% on the 75% LTV), plus she will need to pay the $3,300 origination fee. USA Private Money will collect $1,650 in monthly interest from the borrower. This is calculated by taking the total note amount of $165,000, multiplying by the 12% interest rate, and then dividing that amount by 12. At the end of the note, she sells the rehabed property for $286,000. After subtracting the $19,800 in total interest payments ($1,650 multiplied by 12 months), the $3,300 origination fee, the $165,000 principle on the note, and the $55,000 she brought to the closing, she will make a gross profit of $42,900 ($286,000 price minus $243,100 in costs). This amount would be reduced by any renovation costs paid out of pocket.

Loan Example 2

USA Private Money issues a private money loan to Neva for a rehab project in Tulsa, OK. The loan includes the following:

a) A $240,000 purchase price, b) a 85% loan to value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 1% origination fee.

Neva intends to sell the house at the end of the term for $300,000. If she achieves this goal, the outcome would be the following:

$300,000 sales price
- $204,000 principle on note (85% LTV)
- $36,000 cash paid at closing (15% on 85% LTV)
- $2,040 origination fee (1% of the $204,000 principle)
- $42,840 interest payments (18 months x 14% interest)
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= $15,120 total profit (does not include taxes or rehab costs)

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