Wolf Mortgage

About Wolf Mortgage

Wolf Mortgage is private money lender based in Scottsale, AZ. They provide loans throughout Arizona. They offer loans for a variety of situations, including long term rental property loans and fix-and-flip hard money loans. Their loan guidelines are flexible, including loans with a maximum LTV of 80%. They do not require borrowers to have a minimum credit rating to receive a loan. They primarily provide funding for single family units and multi family residences.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family

Areas Served: AZ

Licenses: Wolf Mortgage LLC NMLS 1544271, AZMB 0938314

Lending Guidelines for Wolf Mortgage

Below are the general loan guidelines published on the Wolf Mortgage 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 Wolf Mortgage.

Loan Example 1

Belinda is a real estate investor in Phoenix, AZ. She locates an older property and decides to remodel it and sell it for a profit. The house costs $330,000 but she doesn't have the full amount so she takes out a hard money loan with Wolf Mortgage. The loan to value (LTV) on the note is 65%. This means that Belinda will bring 35% of the purchase price to closing and the principle amount will be $214,500 on the note. The terms of the note also include a three point origination fee which will be paid at closing and a 6 month, interest only note with a 13% rate of interest.

Belinda will have to contribute $115,500 to the closing (35% on the 65% LTV), plus she will pay the $6,435 origination fee. The monthly interest only payments will then total $2,324 to Wolf Mortgage. Belinda's plan is to finish the renovation by the end of the 6 months and resell it for $445,500. If she succeeds she will make a profit of $95,123 ($445,500 price - $214,500 principle amount - $115,500 funds brough to closing - $6,435 origination fee - $13,943 in interest.

Loan Example 2

Wolf Mortgage makes a fix and flip loan to Estelle for a renovation project in Phoenix, AZ. The loan includes the following:

$150,000 purchase price
80% loan-to-value (LTV)
18 month term
12% interest rate
3% origination fee

Assuming a $187,500 sales price after the 18 month term, the numbers for the deal would look like the following:

$187,500 sales price
- $120,000 note principle (80% LTV)
- $30,000 down payment (20% on 80% LTV)
- $3,600 origination points (3% of the $120,000 principle)
- $21,600 interest payments (18 months x 12% interest)
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= $12,300 total profit (doesn't include taxes or rehab costs)