WN Financial Solutions

About WN Financial Solutions

WN Financial Solutions is a Colorado Springs, CO based hard money lender who offers funding in Denver. They offer loans for many different situations and needs, including commercial loans and short term bridge loans. They offer loans with a maximum LTV of 80% and rates ranging between 9% and 14%. They provide loans on most property types, including multi family, office units, retail units, industrial buildings, mixed use buildings, apartments, warehouses, and hotels/motels.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

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

Areas Served: Denver

Lending Guidelines for WN Financial Solutions

Below are the general loan guidelines published on the WN Financial 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 WN Financial Solutions.

Loan Example 1

To accommodate his growing business, Glenn must purchase a new commercial building. After he is turned down for a conventional mortgage loan from his bank, he obtains a commercial hard money loan from WN Financial Solutions. The list price of the building is $370,000 and the lender agrees to fund 85% of the price (the loan to value / "LTV"), or $314,500. The remaining $55,500 will have to be contributed by the borrower when the loan closes. The parameters of the loan include a 12 month term, a 9% interest rate, and 5 origination points to be paid by the borrower at closing. Glenn will need to pay the origination fee of $15,725 and will then start to make the monthly payments of $2,359 ($314,500 principle amount x 9% interest / 12 months in a year). He can re-pay the note whenever he wants to because there is no pre-payment penalty but he is responsible for paying off the full principle whenever he concludes the loan.

Loan Example 2

WN Financial Solutions issues a private money bridge loan to Zachary for a remodeling project in Denver, CO. The deal dictates the following:

$160,000 purchase price
65% loan-to-value (LTV)
12 month term
14% rate of interest
3% origination fee

After the rehab project is completed, if Zachary sells the project for $240,000, the final numbers would be as follows:

$240,000 sales price
- $104,000 loan principle (65% LTV)
- $56,000 cash paid at closing (35% on 65% LTV)
- $3,120 origination points (3% of the $104,000 principle amount)
- $14,560 interest payments (12 months x 14% interest)
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= $62,320 gross profit (doesn't include taxes or rehab costs)

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