Emory Funding

About Emory Funding

Emory Funding is an asset-based lender in Las Vegas, NV providing loans throughout Nevada. They offer fix and flip hard money loans, commercial loans, bridge loans, and refinancing. Their loan guidelines are flexible, including loans with a maximum LTV of 65%. They are able to lend money to all borrowers based on the property value and do not require a minimum FICO rating. They will make loans on various property types, including single family homes, multi-family units, apartments, office units, retail spaces, mixed use spaces, and industrial buildings.

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

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

Areas Served: NV

Licenses: NMLS #1404964

Lending Guidelines for Emory Funding

Below are the general loan guidelines published on the Emory Funding 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 Emory Funding.

Loan Example 1

Michele finds a townhome in Las Vegas, NV to flip and sell. Since she does not have enough cash available to purchase the $290,000 house outright, she takes out a private money loan from Emory Funding. The lender agrees to make a loan with a 65% loan-to-value (LTV) so they will extend $188,500 on the project. The parameters of the loan also stipulate a five percent origination fee that is to be paid at the closing and a 6 month, interest only note with a 13% interest rate.

Michele will need to bring a total of $32,400 upon closing to cover the $101,500 down payment plus the $9,425 origination fee. she will then pay $2,042 per month to the lender. Assuming she sells the renovated project for $348,000 at the end of the 6 month term, her gross profit (not accounting for renovation costs) would be $36,323. This is computed by taking the sales price ($348,000) and subtracting the original note amount ($188,500), the origination fee ($9,425), the cash she contributed to closing ($101,500), and the total interest expenses ($12,253).

Loan Example 2

Emory Funding makes a loan to Kelley for a renovation project in Las Vegas, NV. The loan dictates the following:

$290,000 sales price
55% loan to value (LTV)
18 month term
10% rate of interest
5% origination fee

Kelley plans to sell the property at the end of the term for $377,000. If she achieves this goal, the outcome will be as follows:

$377,000 sales price
- $159,500 note principle (55% LTV)
- $130,500 down payment (45% on 55% LTV)
- $7,975 origination points (5% of the $159,500 principle amount)
- $23,925 interest payments (18 months x 10% interest)
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= $55,100 gross profit (doesn't include taxes or renovation costs)

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