About Caffrey & Company
Headquartered in Overland Park, KS, Caffrey & Company is an asset-based lender providing funding across the country. Their focus is primarily on hard money loans for commercial properties. They issue loan amounts ranging from $500,000 to $100,000,000 with a maximum LTV of 85%. They make loans on most types of properties, including multi-family, apartments, offices, retail spaces, hotels and motels, storage facilities, senior facilities, mixed use buildings, warehouses, industrial buildings, and medical facilities.Visit Website
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 Caffrey & Company
Below are the general loan guidelines published on the Caffrey & Company website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money LoansLoan Amounts: $500,000 - $100,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 85%
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: N/A
The following loans are for education purposes only. They do not represent actual loans executed by Caffrey & Company.
Loan Example 1
To accommodate his small business, Eddie needs to buy a new warehouse. After being denied a conventional mortgage loan from his credit union, he secures a commercial private money loan from Caffrey & Company. Since the lender and borrower agree on a 80% loan-to-value (LTV), Eddie will fund $54,000 at the close and the loan principle will be $216,000 since the cost of the new property is $270,000. In addition, the lender requires a 4 percent origination fee along with the 8%, 12 month term on the note. They agree to not enforce a pre-payment penalty in the event that Eddie pays off the loan before it expires. Eddie will be required to pay the origination fee of $8,640 and he will then begin making the interest payments in the amount of $1,440 ($216,000 principle amount x 8% interest / 12 months). He can re-pay the note whenever he decides to because there is no pre-payment penalty but he is responsible for paying off the principle whenever he closes the loan.
Loan Example 2
Jared takes out a hard money loan from Caffrey & Company in order to rehab a townhome to re-sell in Scottsdale, AZ. The loan has the following terms:
a) A $370,000 sales price, b) a 55% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 1% origination fee.
Jared plans to sell the property at the end of the term for $499,500. If he succeeds, the outcome will be the following:
$499,500 sales price
- $203,500 loan principle (55% LTV)
- $166,500 down payment (45% on 55% LTV)
- $2,035 origination fee (1% of the $203,500 principle amount)
- $27,473 total interest paid (18 months x 9% interest)
= $99,993 total profit (doesn't include taxes or renovation costs)
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