VeriLync Capital Solutions

About VeriLync Capital Solutions

VeriLync Capital Solutions is private money lender based in Boston, MA. They offer funding throughout Boston. They offer commercial loans and new construction loans. Their lending guidelines are flexible, including loan amounts up to $100,000,000. They provide loans on numerous property types, including multi-family, apartment buildings, office buildings, retail units, mixed use spaces, warehouse buildings, industrial buildings, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans

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

Areas Served: Boston

Lending Guidelines for VeriLync Capital Solutions

Below are the general loan guidelines published on the VeriLync Capital Solutions 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 VeriLync Capital Solutions.

Loan Example 1

Rosemarie runs a business in Boston, MA and needs to buy a new office space for her operations. Since she isn't able to obtain a standard loan from a bank, she turns to VeriLync Capital Solutions for a commercial private money loan. The building is listed for $210,000. Because there is a 65% loan-to-value (LTV) set by the lender, the loan principle amount is $136,500. The remaining $73,500 will be be funded by Rosemarie. The loan also includes a 18 month term, a 11% interest rate, interest-only payments made each month with a final payment when the note expires (without a pre-payment penalty), and a 3 percent origination charge. Rosemarie can eliminate the loan at any time by paying back the $136,500 in principle, but she will be required to make $1,251 monthly interest payments ($136,500 principle value x 11% interest / 12 months in a year) in the meantime, or up to the point the note expires. Since there is no pre-payment penalty, the only other expense she will have is the $4,095 origination points which she will pay at the closing.

Loan Example 2

Adrian takes a hard money loan from VeriLync Capital Solutions so he can renovate a townhome to resell in Boston, MA. The loan has the following terms:

$260,000 sales price
60% loan to value (LTV)
6 month term
8% interest rate
3% origination fee

Adrian plans to list the house at the end of the term for $312,000. If he succeeds, the outcome would be the following:

$312,000 sales price
- $156,000 principle on note (60% LTV)
- $104,000 down payment (40% on 60% LTV)
- $4,680 origination points (3% of the $156,000 principle amount)
- $6,240 interest payments (6 months x 8% interest)
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= $41,080 gross profit (doesn't include taxes or rehab costs)

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