Windvest Corporation

About Windvest Corporation

Windvest Corporation is a private lender based in San Diego, CA offering loans in Seattle, Portland, Phoenix, and Nashville. They offer loans for a variety of situations and needs, including investment property loans, hard money loans for commercial properties, short term bridge loans, and fix and flip loans. They issue loan amounts ranging from $100,000 to $3,000,000 with a maximum LTV of 70%, terms between 1 year and 5 years, and rates starting at 7.99% . They do not require their borrowers to have a minimum credit rating to obtain a loan. They provide loans on all the following types of properties: single family residences, multi family residences, apartment buildings, office buildings, retail spaces, mixed use spaces, and industrial buildings.

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, Mixed Use, Industrial

Areas Served: Seattle, Portland, Phoenix, Nashville, CA

Licenses: CA DEPT OF REAL ESTATE LIC #01881385, NMLS #394407

Lending Guidelines for Windvest Corporation

Below are the general loan guidelines published on the Windvest 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 Windvest Corporation.

Loan Example 1

Windvest Corporation issues a fix and flip loan to Natasha for a renovation project in Seattle, WA, on a property that costs $200,000. Because the lender sets a 55% loan to value, Natasha will need to put 45% down and the amount of the note will be $110,000. The parameters of the deal dictate a 10% note for 12 months. They also stipulate a 5 point origination fee, that will also have to be paid at closing.

According to the terms of the loan, Natasha will need to pay a $5,500 origination fee plus 45% of the purchase price, or $90,000, based on the 55% LTV. she will then pay $917 monthly to the lender. At the expiration of the note, she sells the renovated property for $260,000. After subtracting the $11,000 in interest expenses ($917 times 12 months), the $5,500 origination fee, the $110,000 principle amount on the note, and the $90,000 she contributed to the closing, she will make a total profit of $43,500 ($260,000 price minus $216,500 in costs). This profit would then be reduced by any building costs paid by the borrow.

Loan Example 2

Misty takes a hard money loan from Windvest Corporation so she can rehab a house to re-sell in Seattle, WA. The loan has the following parameters:

$290,000 purchase price
70% loan to value (LTV)
6 month term
10% interest rate
4% origination fee

Once the rehab project is complete, if Misty sells the house for $406,000, the numbers would be the following:

$406,000 sales price
- $203,000 loan principle (70% LTV)
- $87,000 cash paid at closing (30% on 70% LTV)
- $8,120 origination points (4% of the $203,000 principle)
- $10,150 interest payments (6 months x 10% interest)
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= $97,730 gross profit (doesn't include taxes or renovation costs)

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