YC Funding

About YC Funding

Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard money loans, and commercial loans. Their lending parameters are versatile, including rates starting at 12% , loans with a maximum LTV of 65%, and terms up to 1 year. They will make loans on numerous property types, including single family units, multi-family, apartments, office buildings, retail storefronts, and mixed use.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: FL, AL, AZ, CA, CO, GA, IL, MD, MA, MI, MN, MO, NV, NJ, NY, NC, OH, OK, PA, SC, TN, TX, VA

Lending Guidelines for YC Funding

Below are the general loan guidelines published on the YC Funding 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 YC Funding.

Loan Example 1

Benjamin closes on a $260,000 renovation project in Houston, TX, using a fix and flip loan from YC Funding. Because the lender sets a 70% loan to value, Benjamin will need to put 30% down so the total amount of the note will be $182,000. The terms of the loan also include a four percent origination fee which will be paid at closing and a 18 month, interest only note with a 13% interest rate.

Benjamin will have to bring $78,000 to closing (30% on the 70% LTV), plus he will have to pay the $7,280 origination fee. he must then pay $1,972 monthly to YC Funding. Benjamin's intention is to complete the renovation by the end of the 18 months and re-sell it for $312,000. If he succeeds he will make a gross profit of $9,230 ($312,000 sales price - $182,000 principle - $78,000 cash at closing - $7,280 origination points - $35,490 in interest.

Loan Example 2

YC Funding makes a hard money loan to Joel for a remodeling project in Houston, TX. The loan dictates the following:

a) A $200,000 sales price, b) a 80% loan to value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 2% origination fee.

After the rehab project is complete, if Joel sells the property for $280,000, the outcome would be the following:

$280,000 sales price
- $160,000 principle on note (80% LTV)
- $40,000 cash paid at closing (20% on 80% LTV)
- $3,200 origination fee (2% of the $160,000 principle)
- $16,000 interest payments (12 months x 10% interest)
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= $60,800 total profit (does not include taxes or renovation costs)

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