Vintage Real Estate Fund
6975 S Union Park Ctr,
Cottonwood Heights, UT 84047
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About Vintage Real Estate Fund
Vintage Real Estate Fund is a Cottonwood Heights, UT based private money lender providing loans throughout Utah. They offer loans for a variety of scenarios, including fix and flip hard money loans and commercial loans. Their lending guidelines are flexible, including loan amounts ranging from $100,000 to $1,000,000 with a maximum LTV of 70%, rates ranging between 9% and 14%, and terms between 3 months and 1 year. They will make loans on most types of properties, including single family, multi-family, apartment buildings, office units, retail units, mixed use, industrial buildings, and raw land.
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Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial, Land
Areas Served: UT
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Lending Guidelines for Vintage Real Estate Fund
Below are the general loan guidelines published on the Vintage Real Estate Fund website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: $100,000 - $1,000,000
Available Rates: 9% - 14%
Typical Terms: 3 months - 12 months
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: $100,000 - $1,000,000
Available Rates: 9% - 14%
Typical Terms: 3 months - 12 months
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
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 Vintage Real Estate Fund.
Loan Example 1
Vintage Real Estate Fund makes a private money loan to Francis for a renovation project in Salt Lake City, UT, on a property that is listed for $260,000. The terms of the note include a 50% loan-to-value (LTV), so he must contribute 50% of the price as cash at closing, which makes the principle loan amount $130,000. The parameters of the deal also include a two percent origination fee that will be paid at the closing and a 12 month, interest-only note with a 10% rate of interest.
Therefore, Francis will have to contribute a $130,000 down payment plus pay a $2,600 origination fee. he must then pay $1,083 monthly to the lender. If Francis sells the project for $338,000 after 12 months, he would then make a total profit of $62,400 after deducting the principle amount of $130,000, the cash contributed at the close of $130,000, the origination points of $2,600, and the total interest payments of $13,000. This gross profit does not include remodeling costs.
Loan Example 2
Eduardo is a an investor in Salt Lake City, UT. He finds an older property for a renovation project and obtains a private money loan from Vintage Real Estate Fund with the following features:
$260,000 sales price
70% loan to value (LTV)
18 month term
9% rate of interest
3% origination feeBased on a $325,000 sales price at the end of the 18 month term, the numbers for this deal would look like the following:
$325,000 sales price
- $182,000 note principle (70% LTV)
- $78,000 down payment (30% on 70% LTV)
- $5,460 origination points (3% of the $182,000 principle)
- $24,570 total interest paid (18 months x 9% interest)
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= $34,970 total profit (does not include taxes or renovation costs) -
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