Vanguard Hard Money

About Vanguard Hard Money

Vanguard Hard Money is a private lender in Santa Barbara, CA providing funding in California. They provide lending solutions for many different situations and needs, including short term bridge loans, hard money refinancing, loans for rental properties, hard money loans for commercial properties, construction loans, and fix and flip loans. They provide loan amounts ranging from $50,000 to $1,500,000, rates ranging between 9% and 14%, and terms between 12 months and 120 months. They provide loans on many types of properties, including single family units, multi-family, apartments, office units, retail spaces, mixed use, and industrial buildings.

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

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

Areas Served: CA

Licenses: BRE #01884973

Lending Guidelines for Vanguard Hard Money

Below are the general loan guidelines published on the Vanguard Hard 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 Vanguard Hard Money.

Loan Example 1

Marissa finds a townhome in Los Angeles, CA to flip and resell. Since she doesn't have enough cash to acquire the $250,000 project outright, she decides to take out a private money loan from Vanguard Hard Money. The borrower will be required to bring 50% of the purchase price in cash to the closing based on a 50% loan-to-value stipulated by the lender. This makes the loan principle from Vanguard Hard Money $125,000. The terms of the loan dictate a 14% note for 6 months. They also require a 5 point origination fee, that will also have to be paid at closing.

Therefore, Marissa will be required to contribute a $125,000 down payment in addition to paying a $6,250 origination fee. she will then pay $1,458 per month to the lender. If Marissa sells the property for $300,000 after 6 months, she would then earn a gross profit of $35,000 after subtracting the original principle of $125,000, the funds paid at the close of $125,000, the origination points of $6,250, and the aggregate interest payments of $8,750. This amount doesn't include remodeling costs.

Loan Example 2

Jaime is a real estate investor in Los Angeles, CA. He purchases an older townhouse for a remodeling project and obtains a fix and flip loan from Vanguard Hard Money with the following features:

$170,000 sales price
80% loan to value (LTV)
18 month term
8% rate of interest
2% origination fee

Assuming a $229,500 sales price at the end of the 18 month term, the numbers for the deal would look like this:

$229,500 sales price
- $136,000 note principle (80% LTV)
- $34,000 down payment (20% on 80% LTV)
- $2,720 origination fee (2% of the $136,000 principle amount)
- $16,320 interest payments (18 months x 8% interest)
-----------------------
= $40,460 gross profit (does not include taxes or rehab costs)

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