Freeman Commercial Lending

About Freeman Commercial Lending

Freeman Commercial Lending is a Longwood, FL based private lender providing loans all across the country. Their focus is primarily on private commercial loans. Their loan guidelines are flexible, including rates ranging between 9% and 14% and loan amounts ranging from $1,000,000 to $100,000,000 with a maximum LTV of 80%. They offer loans on various types of properties, including multi-family units, apartment buildings, office units, retail spaces, hotels and motels, storage facilities, senior housing facilities, mixed use spaces, warehouse spaces, industrial buildings, and medical buildings.

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 Freeman Commercial Lending

Below are the general loan guidelines published on the Freeman Commercial Lending 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 Freeman Commercial Lending.

Loan Example 1

Wilma is an entrepreneur in Toledo, OH. She wants to buy a new office building for her business but she isn't able to obtain a commercial mortgage from her bank because of her below average FICO score. She looks to Freeman Commercial Lending for a commercial hard money loan in order to fund the purchase. Since the borrower and lender agree to a 70% loan-to-value (LTV), Wilma will pay $60,000 at the closing and the principle will be $140,000 since the price of the new building is $200,000. The loan also dictates a 6 month length, a 14% interest rate, interest-only payments paid each month with a final payment at the end of the note (without a pre-payment penalty), and a 2 percent origination charge. Wilma will be required to pay an origination fee of $2,800 and she will then start making the monthly payments of $1,633 ($140,000 principle x 14% interest rate / 12 months in a year). She may pay back the note whenever she wants to because there is not a pre-payment penalty but she is responsible for the original principle whenever she closes the loan.

Loan Example 2

Casey takes out a hard money loan from Freeman Commercial Lending so he can remodel a townhome to re-sell in San Antonio, TX. The deal has the following parameters:

$150,000 purchase price
85% loan-to-value (LTV)
6 month term
13% rate of interest
5% origination fee

If Casey accomplishes his goal of a $225,000 sales price, the outcome of the project will be as follows:

$225,000 sales price
- $127,500 loan principle (85% LTV)
- $22,500 cash paid at closing (15% on 85% LTV)
- $6,375 origination points (5% of the $127,500 principle amount)
- $8,288 total interest paid (6 months x 13% interest)
-----------------------
= $60,338 total profit (does not include taxes or rehab costs)

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