Altus Equity

About Altus Equity

Based in Santa Rosa, CA, Altus Equity is a private money lender offering loans all across the country. They provide short term fix and flip loans and commercial hard money loans. They make loans on most types of properties, including single family, multi-family units, apartment buildings, office buildings, retail storefronts, hotels/motels, storage facilities, mixed use spaces, and industrial buildings.

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

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

Areas Served: National

Lending Guidelines for Altus Equity

Below are the general loan guidelines published on the Altus Equity 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 Altus Equity.

Loan Example 1

Mike is a real estate investor in Kansas City, MO. He discovers an older property for sale and wants to rehab it and sell it for a profit. The house has a cost of $180,000 but he does not have the full amount so he takes a hard money loan with Altus Equity. The lender agrees to issue a note with a 70% loan to value (LTV) so they will loan $126,000 on the house. The deal also consists of the following features: 1) a 6 month term, 2) a 11% interest-only note, and 3) a four percent origination fee.

Mike will have to contribute $54,000 at closing (30% on the 70% LTV), plus he will need to pay the $5,040 origination fee. he must then pay $1,155 monthly to the lender. If Mike sells the remodeled project for $270,000 at the end of the 6 month term, his total profit (not including renovation expenses) would be $78,030. This is computed by taking the purchase price ($270,000) and subtracting the principle ($126,000), the origination cost ($5,040), the money he brought to closing ($54,000), and the total interest expenses ($6,930).

Loan Example 2

Albert takes a loan from Altus Equity in order to rehab a house to resell in Alexandria, VA. The deal has the following parameters:

a) A $230,000 sales price, b) a 60% loan-to-value (LTV), c) a 18 month term, d) a 10% interest rate, and e) a 3% origination fee.

If Albert achieves his goal of a $299,000 sales price, the outcome of the deal will be as follows:

$299,000 sales price
- $138,000 note principle (60% LTV)
- $92,000 down payment (40% on 60% LTV)
- $4,140 origination fee (3% of the $138,000 principle)
- $20,700 total interest paid (18 months x 10% interest)
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= $44,160 total profit (doesn't include taxes or rehab costs)

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