Gist Group LLC

About Gist Group LLC

Gist Group LLC is private money lender headquartered in Duluth, GA. They offer funding throughout the country. They provide ground up construction loans, short term bridge loans, fix-and-flip hard money loans, and commercial hard money loans. Their lending guidelines are versatile, including rates starting at 6% , loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 70%, and terms up to 13 months. They provide loans on numerous types of properties, including single family, multi-family, apartment buildings, office units, retail units, hotels, storage facilities, senior housing facilities, mixed use spaces, warehouse buildings, industrial buildings, medical facilities, raw land, and churches.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for Gist Group LLC

Below are the general loan guidelines published on the Gist Group LLC 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 Gist Group LLC.

Loan Example 1

Arlene takes a hard money loan from Gist Group LLC in order to remodel a duplex to resale in Austin, TX. The list price of the property is $230,000. Because the lender agrees to a 55% loan-to-value, Arlene will have to put 45% down and the principle amount of the note will be $126,500. The loan also has the following features: 1) a 18 month length, 2) a 11% interest-only note, and 3) a two percent origination fee.

Therefore, Arlene will be required to make a $103,500 down payment in addition to paying a $2,530 origination fee. she must then pay $1,160 per month to the lender. If Arlene sells the house for $276,000 after 18 months, she would then realize a total profit of $22,598 after deducting the principle amount of $126,500, the cash paid at closing of $103,500, the origination fee of $2,530, and the aggregate interest payments of $20,873. This gross profit does not include remodeling costs.

Loan Example 2

Edgar takes out a loan from Gist Group LLC so he can renovate a house to resell in Milwaukee, WI. The loan has the following terms:

a) A $180,000 sales price, b) a 50% loan-to-value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 5% origination fee.

Once the rehab project is completed, if Edgar sells the property for $252,000, the numbers would be as follows:

$252,000 sales price
- $90,000 loan principle (50% LTV)
- $90,000 cash paid at closing (50% on 50% LTV)
- $4,500 origination fee (5% of the $90,000 principle amount)
- $12,600 interest payments (12 months x 14% interest)
-----------------------
= $54,900 gross profit (doesn't include taxes or renovation costs)

No Reviews Yet

Gist Group LLC currently has no reviews. To add a review now, click the link below:

Write a Review for Gist Group LLC