ERS Nationwide

About ERS Nationwide

ERS Nationwide is a private money lender in Sacramento, CA offering funding in California. Their focus is mainly on commercial hard money loans. They provide loan amounts ranging from $150,000 to $5,000,000 with a maximum LTV of 70%. They will make loans on various types of properties, including multi family residences, apartments, office units, retail units, hotels, storage buildings, senior living facilities, mixed use buildings, warehouse buildings, 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: CA

Lending Guidelines for ERS Nationwide

Below are the general loan guidelines published on the ERS Nationwide 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 ERS Nationwide.

Loan Example 1

To facilitate her small business, Lupe must purchase a new building. After she is denied a commercial mortgage from her bank, she obtains a commercial private money loan from ERS Nationwide. Since the borrower and lender contract to a 70% loan to value (LTV), Lupe will fund $96,000 at closing and the loan principle will be $224,000 since the list price of the new building is $320,000. The lender additionally specifies the following terms of the loan: 1) a 8% rate of interest, 2) a 12 month length with interest-only payments monthly, 3) an origination fee of 5 points paid by Lupe when the deal closes, and 4) no penalty for pre-payment. By the parameters of this loan, Lupe will be required to pay an origination fee of $11,200 at the close (5% x $224,000 principle value) and will then make payments of $1,493 monthly ($224,000 principle value x 8% interest / 12 months). she will also make a balloon payment of the $224,000 principle value upon expiration of the note, or sooner if she chooses to pay off early.

Loan Example 2

Beth takes a private money loan from ERS Nationwide so she can remodel a property to flip in Los Angeles, CA. The deal has the following parameters:

$250,000 sales price
70% loan-to-value (LTV)
18 month term
14% rate of interest
5% origination fee

If Beth accomplishes her goal of a $362,500 sales price, the numbers of the deal would be the following:

$362,500 sales price
- $175,000 principle on note (70% LTV)
- $75,000 cash paid at closing (30% on 70% LTV)
- $8,750 origination fee (5% of the $175,000 principle)
- $36,750 total interest paid (18 months x 14% interest)
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= $67,000 gross profit (does not include taxes or renovation costs)

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