VRM Capital Corporation

About VRM Capital Corporation

VRM Capital Corporation is hard money lender based in Conifer, CO. They offer loans throughout Denver. They offer short term bridge loans, fix and flip loans, commercial loans, and buy and hold loans. Their loan guidelines are flexible, including loan amounts ranging from $50,000 to $500,000, rates starting at 10%, and terms up to 6 months. They make loans on numerous property types, including single family residences, multi family, apartment buildings, office buildings, retail storefronts, storage facilities, mixed use spaces, hotels and motels, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Storage, Mixed Use, Hotel, Land

Areas Served: Denver

Lending Guidelines for VRM Capital Corporation

Below are the general loan guidelines published on the VRM Capital Corporation 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 VRM Capital Corporation.

Loan Example 1

VRM Capital Corporation issues a hard money loan to Harriett for a renovation project in Denver, CO, on a house that is listed for $220,000. As the lender agrees to a 70% loan to value, Harriett will have to put 30% down and the total amount of the loan will be $154,000. The interest rate on the loan is 8% for a length of 6 months and the company requires a four point origination fee at closing. The interest is to be paid on a monthly basis and the principle amount will be repaid after the sale of the property.

The borrower will need to contribute a total of $32,400 upon closing to pay the $66,000 down payment in addition to the $6,160 origination fee. she will then pay $1,027 monthly to VRM Capital Corporation. If Harriett sells the rehabed project for $264,000 at the end of the 6 month term, her total profit (not including renovation costs) would be $31,680. This is computed by taking the sales price ($264,000) and subtracting the principle ($154,000), the origination fee ($6,160), the cash she brought to closing ($66,000), and the total interest expenses ($6,160).

Loan Example 2

VRM Capital Corporation makes a loan to Anne for a renovation project in Denver, CO. The deal includes the following:

$250,000 sales price
50% loan-to-value (LTV)
18 month term
12% rate of interest
4% origination fee

Based on a $350,000 sales price at the end of the 18 month term, the outcome for this project would look like this:

$350,000 sales price
- $125,000 note principle (50% LTV)
- $125,000 cash paid at closing (50% on 50% LTV)
- $5,000 origination fee (4% of the $125,000 principle amount)
- $22,500 total interest paid (18 months x 12% interest)
-----------------------
= $72,500 gross profit (does not include taxes or renovation costs)

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