About Bayard Business Capital
Bayard Business Capital is a St Louis, MO based private lender. They provide loans throughout the United States. Their lending focus is mainly on hard money loans for commercial properties. Their loan parameters are versatile, including rates ranging between 9% and 14% and loan amounts ranging from $1,000,000 to $100,000,000 with a maximum LTV of 80%. They will make loans on many property types, including multi-family units, apartments, offices, retail storefronts, hotels, storage facilities, senior facilities, mixed use buildings, warehouses, industrial facilities, and medical facilities.
Loan Types Offered: Commercial Hard Money Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical
Areas Served: National
Lending Guidelines for Bayard Business Capital
Below are the general loan guidelines published on the Bayard Business Capital website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money LoansLoan Amounts: $1,000,000 - $100,000,000
Available Rates: 9% - 14%
Typical Terms: N/A
Points Charged: 1% - 4%
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 - 30 Days
The following loans are for education purposes only. They do not represent actual loans executed by Bayard Business Capital.
Loan Example 1
Bayard Business Capital issues a private money loan to Nelson for the acquisition of a new retail space after he is denied a conventional mortgage loan by his bank because he has a low FICO score. Since the borrower and lender agree to a 60% loan to value (LTV), Nelson will bring $128,000 at closing and the loan principle amount will be $192,000 because the cost of the building is $320,000. The terms of the deal include a 12 month length, a 9% rate of interest, and a 3 origination fee to be paid by Nelson when the deal closes. Nelson will pay the origination fee of $5,760 and he will then begin making the interest payments in the amount of $1,440 ($192,000 principle amount x 9% interest rate / 12 months in a year). He can pay off the note whenever he decides to because there isn't a pre-payment penalty but he is responsible for paying off the principle when he eliminates the loan.
Loan Example 2
Freddie is a an investor in Flushing, NY. He finds an older townhouse for a rehab project and takes out a private money loan from Bayard Business Capital with the following terms:
a) A $360,000 purchase price, b) a 55% loan-to-value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 1% origination fee.
Based on a $468,000 sales price after the 18 month term, the numbers for the deal would look like the following:
$468,000 sales price
- $198,000 principle on note (55% LTV)
- $162,000 cash paid at closing (45% on 55% LTV)
- $1,980 origination fee (1% of the $198,000 principle amount)
- $41,580 total interest paid (18 months x 14% interest)
= $64,440 total profit (doesn't include taxes or renovation costs)
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