Del Mar Financial & Investments

About Del Mar Financial & Investments

Based in Scottsdale, AZ, Del Mar Financial & Investments is an asset-based lender providing loans throughout Arizona. They provide private refinancing, hard money construction loans, fix and flip hard money loans, short term loans, commercial hard money loans, and investment property loans. They issue loan amounts ranging from $50,000 to $3,000,000. They make loans on all the following property types: single family homes, multi-family, apartment buildings, office buildings, retail spaces, hotels, storage buildings, assisted living facilities, mixed use spaces, raw land, churches, warehouse spaces, industrial facilities, and medical facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: AZ

Licenses: MB 0919350

Lending Guidelines for Del Mar Financial & Investments

Below are the general loan guidelines published on the Del Mar Financial & Investments 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 Del Mar Financial & Investments.

Loan Example 1

Dale takes a fix-and-flip loan from Del Mar Financial & Investments in order to remodel a property to resale in Phoenix, AZ. The sales price of the house is $270,000. The borrower will need to fund 50% of the purchase price in cash to closing based on a 50% loan to value stipulated by the lending company. This makes the principle amount from Del Mar Financial & Investments $135,000. The parameters of the loan dictate a 11% note for 6 months. They also stipulate a 4 point origination fee, which will also need to be paid at closing.

In addition to paying the $5,400 origination fee, Dale will also need to fund $135,000 of the purchase with her own funds, or 50% of the purchase price. she must then pay $1,238 monthly to the lender. Assuming Dale sells the remodeled house for $324,000 at the end of the 6 month term, her total profit (not accounting for remodeling expenses) would be $41,175. This is computed by taking the sales price ($324,000) and subtracting the original note amount ($135,000), the origination fee ($5,400), the cash she contributed to closing ($135,000), and the total interest expenses ($7,425).

Loan Example 2

Shane is a an investor in Phoenix, AZ. He locates an older house for a renovation project and takes out a hard money loan from Del Mar Financial & Investments with the following paramters:

$170,000 sales price
50% loan-to-value (LTV)
12 month term
12% interest rate
5% origination fee

If Shane accomplishes his goal of a $246,500 sales price, the final numbers of the deal would be the following:

$246,500 sales price
- $85,000 principle on note (50% LTV)
- $85,000 cash paid at closing (50% on 50% LTV)
- $4,250 origination points (5% of the $85,000 principle)
- $10,200 total interest paid (12 months x 12% interest)
-----------------------
= $62,050 total profit (doesn't include taxes or renovation costs)

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