Andreadis Capital

About Andreadis Capital

Andreadis Capital is an Atoria, NY based hard money lender. They offer funding in New York City. They offer loans for many different scenarios, including hard money loans for commercial properties, fix-and-flip hard money loans, and buy and hold loans. Their lending parameters are flexible, including loan amounts ranging from $75,000 to $500,000 with a maximum LTV of 70%, rates ranging from 12%, and terms between 1 year and 2 years. They provide loans on all the following property types: single family residences, multi-family units, apartment buildings, office buildings, retail spaces, mixed use spaces, and industrial facilities.

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

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

Areas Served: New York City, Suffolk County, Nassau County, Westchester County

Lending Guidelines for Andreadis Capital

Below are the general loan guidelines published on the Andreadis Capital 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 Andreadis Capital.

Loan Example 1

Shelby finds a house in Cos Cob, CT to renovate and sell. Since she doesn't have enough cash to buy the $160,000 project outright, she takes out a private money loan from Andreadis Capital. Since the lender agrees to a 60% loan to value, Shelby will have to put 40% down so the amount of the loan will be $96,000. The loan is interest-only, with monthly payments, and is for 6 months at 12% interest with 4 origination points paid when the deal closes.

On top of the $3,840 origination fee, Shelby will also have to fund $64,000 of the purchase with her own funds, or 40% of the purchase price. After the loan is closed and Shelby takes on the project, she will need to begin making monthly payments of $960 to the lender ($96,000 principle x 12% / 12 months). If Shelby achieves her goal of a $224,000 total sales price at the end of the loan term, she would collect a gross profit of $54,400 after repaying the principle amount and deducting the cash she contributed at closing, the origination points, and the total monthly interest payments.

Loan Example 2

Andreadis Capital makes a fix and flip loan to Harry for a rehab project in Cos Cob, CT. The loan includes the following:

$340,000 sales price
85% loan-to-value (LTV)
18 month term
9% interest rate
1% origination fee

Once the renovation project is complete, if Harry sells the house for $476,000, the numbers would be the following:

$476,000 sales price
- $289,000 loan principle (85% LTV)
- $51,000 cash paid at closing (15% on 85% LTV)
- $2,890 origination fee (1% of the $289,000 principle)
- $39,015 interest payments (18 months x 9% interest)
-----------------------
= $94,095 gross profit (doesn't include taxes or renovation costs)

No Reviews Yet

Andreadis Capital currently has no reviews. To add a review now, click the link below:

Write a Review for Andreadis Capital