
360 CB Capital Funding
711 Westchester Avenue, Suite 202
White Plains, NY 10604
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About 360 CB Capital Funding
360 CB Capital Funding is a White Plains, NY based hard money lender. They provide funding all across the US. They provide ground up construction loans, short term loans, long term rental property loans, cash out loans, fix and flip hard money loans, and commercial loans. They issue terms between 6 months and 3 years, loan amounts ranging from $500,000 to $2,000,000 with a maximum LTV of 85%, and rates ranging between 8% and 12%. They provide loans on various property types, including single family homes, multi family residences, apartment buildings, offices, retail storefronts, hotels, storage buildings, senior living facilities, and mixed use spaces.
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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, Hotel, Storage, Assisted Living, Mixed Use
Areas Served: National
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Lending Guidelines for 360 CB Capital Funding
Below are the general loan guidelines published on the 360 CB Capital Funding website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $500,000 - $2,000,000
Available Rates: 8% - 12%
Typical Terms: 6 months - 36 months
Points Charged: 1% - 2%
Max Loan-to-Value (LTV): 85%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: YES
Minimum FICO Score: N/A
Time to Close: N/AFix and Flip Loans
Loan Amounts: $500,000 - $2,000,000
Available Rates: 8% - 12%
Typical Terms: 6 months - 36 months
Points Charged: 1% - 2%
Max Loan-to-Value (LTV): 85%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: YES
Minimum FICO Score: N/A
Time to Close: N/ACommercial Hard Money Loans
Loan Amounts: $500,000 - $2,000,000
Available Rates: 8% - 12%
Typical Terms: 6 months - 36 months
Points Charged: 1% - 2%
Max Loan-to-Value (LTV): 85%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: YES
Minimum FICO Score: N/A
Time to Close: N/ANew Construction Loans
Loan Amounts: $500,000 - $2,000,000
Available Rates: 8% - 12%
Typical Terms: 6 months - 36 months
Points Charged: 1% - 2%
Max Loan-to-Value (LTV): 85%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: YES
Minimum FICO Score: N/A
Time to Close: N/ARefinance / Cash Out Loans
Loan Amounts: $500,000 - $2,000,000
Available Rates: 8% - 12%
Typical Terms: 6 months - 36 months
Points Charged: 1% - 2%
Max Loan-to-Value (LTV): 85%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: YES
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: $500,000 - $2,000,000
Available Rates: 8% - 12%
Typical Terms: 6 months - 36 months
Points Charged: 1% - 2%
Max Loan-to-Value (LTV): 85%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: YES
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by 360 CB Capital Funding.
Loan Example 1
Mamie finds a duplex in Tacoma, WA to remodel and resell. Since she doesn't have enough cash on-hand to buy the $320,000 property outright, she decides to take out a hard money loan from 360 CB Capital Funding. The borrower will need to contribute 30% of the purchase price in cash to the closing based on a 70% loan to value set by the lender. This makes the principle amount from 360 CB Capital Funding $224,000. The interest rate on the note is 14% for a term of 18 months and the lender requires a two point origination fee at the closing. The interest is to be paid monthly and the principle amount will be repaid after the sale of the property.
Mamie will have to contribute $96,000 at closing (30% on the 70% loan-to-value), plus she will need to pay the $4,480 origination fee. 360 CB Capital Funding will collect $2,613 in monthly interest from the Mamie. This is computed by taking the full note amount of $224,000, multiplying by the 14% rate of interest, and then dividing that amount by 12. Mamie's intention is to finish the house by the end of the 18 months and resell it for $464,000. If she succeeds she will collect a total profit of $92,480 ($464,000 price - $224,000 principle amount - $96,000 cash at closing - $4,480 origination points - $47,040 in total interest payments.
Loan Example 2
360 CB Capital Funding makes a hard money loan to Sam for a remodeling project in Tacoma, WA. The loan dictates the following:
a) A $320,000 purchase price, b) a 65% loan-to-value (LTV), c) a 12 month term, d) a 13% interest rate, and e) a 3% origination fee.
If Sam achieves his goal of a $480,000 sales price, the numbers of the project would be the following:
$480,000 sales price
- $208,000 loan principle (65% LTV)
- $112,000 down payment (35% on 65% LTV)
- $6,240 origination fee (3% of the $208,000 principle amount)
- $27,040 interest payments (12 months x 13% interest)
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= $126,720 gross profit (doesn't include taxes or rehab costs) -
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