Aurelian Lending

About Aurelian Lending

Headquartered in Grand Blanc, MI, Aurelian Lending is a private money lender offering funding all throughout the United States. They provide bridge loans and hard money loans for commercial properties. They provide terms up to 1 year and rates ranging between 9% and 14%. They will make loans on all the following property types: multi-family units, apartment buildings, offices, retail spaces, hotels/motels, storage buildings, mixed use buildings, and industrial buildings.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for Aurelian Lending

Below are the general loan guidelines published on the Aurelian Lending 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 Aurelian Lending.

Loan Example 1

Dustin owns a business in Salt Lake City, UT and decides to acquire a new warehouse for his operations. Since he can't obtain a conforming loan from a bank, he looks to Aurelian Lending for a commercial hard money loan. The new building costs $180,000. Dustin will have to put 25% down, or $45,000, since the lender will only loan 75% of the purchase (the loan to value or "LTV"). This means the principle amount on the deal is $135,000. In addition, the lender will charge a 2 percent origination fee in addition to the 12%, 6 month term on the loan. They agree to not enforce a pre-payment penalty if Dustin pays off the note before expiration. By the parameters of this deal, Dustin will have to pay an origination charge of $2,700 at closing (2% x $135,000 principle value) and will then start making payments of $1,350 per month ($135,000 principle value x 12% interest / 12 months). Finally, he will make a final payment of the $135,000 principle value upon expiration of the loan, or before if he decides to pay off early.

Loan Example 2

Patty locates a house in Flushing, NY to remodel and re-sell. Since she does not have enough cash to buy the property outright, she takes a bridge loan from Aurelian Lending with the following parameters:

$380,000 purchase price
75% loan to value (LTV)
18 month term
8% rate of interest
5% origination fee

Patty plans to list the house when the note expires for $532,000. If she accomplishes her goal, the deal numbers would be as follows:

$532,000 sales price
- $285,000 principle (75% LTV)
- $95,000 down payment (25% on 75% LTV)
- $14,250 origination points (5% of the $285,000 principle amount)
- $34,200 interest payments (18 months x 8% interest)
-----------------------
= $103,550 gross profit (does not include taxes or renovation costs)

No Reviews Yet

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

Write a Review for Aurelian Lending