Greenleaf Funding

About Greenleaf Funding

Greenleaf Funding is private money lender based in Blue Ash, OH. They provide funding throughout Cincinnati and Columbus. They provide lending solutions for a variety of situations, including refinancing, short term bridge loans, and fix and flip loans. They issue loans with a maximum LTV of 75% and rates starting at 15%. They do not require a minimum credit score to receive a loan. They will consider various loan requests but primarily focus on single family units and multi family.

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

Property Types Covered: Single Family, Multi Family

Areas Served: Cincinnati, Columbus

Lending Guidelines for Greenleaf Funding

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

Loan Example 1

Ollie is an investor in Cincinnati, OH. She locates a run-down property for sale and wants to renovate it and flip it for a profit. The property has a cost of $310,000 but she does not have the full amount so she takes out a fix and flip loan with Greenleaf Funding. The loan-to-value (LTV) on the note is 60%. This means that Ollie will bring 40% of the sales price to the closing and the principle will be $186,000 on the note. The deal also has the following features: 1) a 18 month term, 2) a 10% interest only note, and 3) a five percent origination charge.

Therefore, the borrower will have to make a $124,000 down payment plus pay a $9,300 origination fee. The monthly interest only payments will then be $1,550 to the lender. If Ollie sells the remodeled project for $418,500 at the end of the 18 month term, her total profit (not including renovation costs) would be $71,300. This is computed by taking the sales price ($418,500) and subtracting the original principle ($186,000), the origination fee ($9,300), the funds she brought to closing ($124,000), and the total interest payments ($27,900).

Loan Example 2

Oscar takes a hard money loan from Greenleaf Funding in order to remodel a townhouse to re-sell in Cincinnati, OH. The loan has the following parameters:

a) A $240,000 sales price, b) a 70% loan to value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 3% origination fee.

Once the renovation project is finished, if Oscar sells the house for $300,000, the outcome would be the following:

$300,000 sales price
- $168,000 note principle (70% LTV)
- $72,000 cash paid at closing (30% on 70% LTV)
- $5,040 origination points (3% of the $168,000 principle amount)
- $23,520 interest payments (12 months x 14% interest)
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= $31,440 total profit (does not include taxes or renovation costs)

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