About Advanced Investment Corp
Headquartered in Springfield, OR, Advanced Investment Corp is a private money lender providing loans throughout Oregon. Their lending focus is mainly on fix and flip loans. They issue terms up to 23 months, loan amounts up to $1,000,000 with a maximum LTV of 65%, and rates starting at 12%. They primarily provide loans on single family homes and multi family residences.
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family, Multi Family
Areas Served: OR
Licenses: NMLS 278210, Oregon ML-333
Lending Guidelines for Advanced Investment Corp
Below are the general loan guidelines published on the Advanced Investment Corp website. Please confirm all terms and rates directly with the lender.
Fix and Flip LoansLoan Amounts: Up to $1,000,000
Available Rates: 12%
Typical Terms: 23 months
Points Charged: 3% - 5%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/A
The following loans are for education purposes only. They do not represent actual loans executed by Advanced Investment Corp.
Loan Example 1
Elma closes on a $370,000 renovation project in Portland, OR, using a hard money loan from Advanced Investment Corp. The terms of the note include a 55% loan-to-value (LTV), so she must contribute 45% of the price as cash at closing, making the principle note amount $203,500. The terms of the loan dictate a 13% note for 6 months. They also stipulate a 1 point origination fee, which will also have to be paid at closing.
Elma will need to contribute $166,500 to the closing (45% on the 55% LTV), plus she will need to pay the $2,035 origination fee. The monthly interest-only payments will then be $2,205 to Advanced Investment Corp. At the expiration of the note, she sells the renovated house for $555,000. After subtracting the $13,228 in total interest payments ($2,205 multiplied by 6 months), the $2,035 origination fee, the $203,500 principle amount on the note, and the $166,500 she contributed to closing, she will earn a total profit of $169,738 ($555,000 sales price minus $385,263 in total costs). This amount would then be reduced by any renovation costs paid by Elma .
Loan Example 2
Salvador is a real estate investor in Portland, OR. He finds a run-down townhouse for a renovation project and takes out a hard money loan from Advanced Investment Corp with the following terms:
$390,000 sales price
85% loan-to-value (LTV)
18 month term
13% rate of interest
3% origination fee
After the renovation project is completed, if Salvador sells the property for $546,000, the final numbers would be the following:
$546,000 sales price
- $331,500 principle (85% LTV)
- $58,500 cash paid at closing (15% on 85% LTV)
- $9,945 origination points (3% of the $331,500 principle)
- $64,643 total interest paid (18 months x 13% interest)
= $81,413 gross profit (does not include taxes or rehab costs)
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