Blackhawk Investments
1793 Union St
San Francisco, CA 94123
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About Blackhawk Investments
Blackhawk Investments is a San Francisco, CA based hard money lender. They offer funding all across the United States. They offer short term bridge loans and fix-and-flip hard money loans. They offer loan amounts ranging from $25,000 to $200,000,000 with a maximum LTV of 65% and terms between 1 year and 3 years. They will consider various lending requests but primarily focus on single family homes and multi-family units.
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Loan Types Offered: Fix and Flip Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family
Areas Served: National
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Lending Guidelines for Blackhawk Investments
Below are the general loan guidelines published on the Blackhawk Investments website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: $25,000 - $200,000,000
Available Rates: N/A
Typical Terms: 12 months - 36 months
Points Charged: 2.5% and up
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 DaysBridge Loans
Loan Amounts: $25,000 - $200,000,000
Available Rates: N/A
Typical Terms: 12 months - 36 months
Points Charged: 2.5% and up
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Blackhawk Investments.
Loan Example 1
Olivia finds a property in Spring, TX to rehab and sell. Since she does not have enough cash on-hand to buy the $180,000 house outright, she takes out a fix and flip loan from Blackhawk Investments. The lender agrees to make a note with a 75% loan-to-value (LTV) so they are willing to loan $135,000 on the house. The interest rate on the note is 13% for a term of 6 months and the lender requires a five point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle amount will be paid back after the sale of the property.
Accordingly, the borrower will be required to contribute a $45,000 down payment in addition to paying a $6,750 origination fee. The lender will collect $1,463 in monthly interest from the borrower. This is computed by taking the total note amount of $135,000, multiplying by the 13% interest rate, and then dividing that number by 12. Olivia's plan is to complete the house by the end of the 6 months and sell it for $252,000. If she succeeds she will earn a gross profit of $56,475 ($252,000 price - $135,000 principle amount - $45,000 cash paid at closing - $6,750 origination points - $8,775 in total interest.
Loan Example 2
Blackhawk Investments makes a fix and flip loan to Kari for a rehab project in Boca Raton, FL. The loan includes the following:
$160,000 sales price
55% loan to value (LTV)
18 month term
10% rate of interest
1% origination feeIf Kari achieves her goal of a $208,000 sales price, the numbers of the project will be as follows:
$208,000 sales price
- $88,000 principle (55% LTV)
- $72,000 cash paid at closing (45% on 55% LTV)
- $880 origination points (1% of the $88,000 principle amount)
- $13,200 total interest paid (18 months x 10% interest)
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= $33,920 gross profit (does not include taxes or rehab costs) -
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