Ameriquest Financial

About Ameriquest Financial

Ameriquest Financial is a Milton, GA based hard money lender. They provide loans all throughout the US. They provide rental property loans, hard money refinancing, and fix and flip loans. Their loan parameters are versatile, including terms between 2 years and 7 years and loan amounts ranging from $40,000 to $2,000,000 with a maximum LTV of 75%. They primarily offer funding for single family units and multi family residences.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family

Areas Served: National

Lending Guidelines for Ameriquest Financial

Below are the general loan guidelines published on the Ameriquest Financial 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 Ameriquest Financial.

Loan Example 1

Ameriquest Financial makes a hard money loan to Neil for a renovation project in Houston, TX, on a property that costs $290,000. The loan-to-value (LTV) on the deal is 50%. This means that Neil will need to bring 50% of the purchase price to closing and the principle amount will be $145,000 on the note. The deal also consists of these features: 1) a 6 month term, 2) a 12% interest only note, and 3) a two point origination fee.

Therefore, the borrower will be required to make a $145,000 down payment plus pay a $2,900 origination fee. Once the deal closes, he will pay the lender $1,450 in monthly interest payments, or 12% multiplied times $145,000 divided by 12 months in the year. If Neil sells the project for $420,500 after 6 months, he would realize a gross profit of $118,900 after deducting the principle amount of $145,000, the cash paid at the close of $145,000, the origination fee of $2,900, and the aggregate interest payments of $8,700. This amount doesn't account for building costs.

Loan Example 2

Lori takes a fix and flip loan from Ameriquest Financial so she can rehab a property to re-sell in Flushing, NY. The deal has the following terms:

a) A $280,000 purchase price, b) a 55% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 3% origination fee.

Lori plans to sell the project when the note expires for $336,000. If she succeeds, the deal numbers will be as follows:

$336,000 sales price
- $154,000 note principle (55% LTV)
- $126,000 down payment (45% on 55% LTV)
- $4,620 origination points (3% of the $154,000 principle)
- $6,160 total interest paid (6 months x 8% interest)
-----------------------
= $45,220 gross profit (doesn't include taxes or renovation costs)

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