Allrise

About Allrise

Based in Incline Village, NV, Allrise is a private lender offering loans all across the US. They provide private commercial loans, short term loans, and fix and flip loans. They offer terms between 6 months and 1 year, loan amounts ranging from $100,000 to $10,000,000 with a maximum LTV of 70%, and rates starting at 8.95% . They offer loans on many types of properties, including single family units, multi-family, apartments, offices, retail storefronts, hotels, storage facilities, senior facilities, mixed use buildings, warehouse buildings, industrial buildings, and medical facilities.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for Allrise

Below are the general loan guidelines published on the Allrise 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 Allrise.

Loan Example 1

Roy takes a fix-and-flip loan from Allrise in order to rehab a duplex to resale in Chicago, IL. The sales price of the property is $270,000. The borrower will need to bring 40% of the sales price in cash to the closing based on a 60% loan-to-value set by the lending company. This makes the loan principle from Allrise $162,000. The deal also has the following features: 1) a 12 month term, 2) a 13% interest-only note, and 3) a one point origination charge.

Roy will have to contribute a total of $32,400 up front to pay the $108,000 down payment in addition to the $1,620 origination fee. Once the deal closes, he will need to pay Allrise $1,755 in monthly interest payments, or 13% multiplied by $162,000 divided by 12 months in the year. Roy's plan is to finish the project by the end of the 12 months and re-sell it for $337,500. If he succeeds he will collect a profit of $44,820 ($337,500 price - $162,000 principle - $108,000 funds brough to closing - $1,620 origination fee - $21,060 in interest.

Loan Example 2

Juan takes out a private money loan from Allrise so he can rehab a property to flip in Boca Raton, FL. The deal has the following terms:

$400,000 purchase price
70% loan-to-value (LTV)
18 month term
10% rate of interest
3% origination fee

Based on a $540,000 sales price after the 18 month term, the outcome for this project would look like this:

$540,000 sales price
- $280,000 loan principle (70% LTV)
- $120,000 cash paid at closing (30% on 70% LTV)
- $8,400 origination fee (3% of the $280,000 principle)
- $42,000 total interest paid (18 months x 10% interest)
-----------------------
= $89,600 total profit (does not include taxes or rehab costs)

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