Hamptons Financial

About Hamptons Financial

Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States. They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and rental property loans. They provide loan amounts ranging from $100,000 to $20,000,000 with a maximum LTV of 75%, terms between 6 months and 7 years, and rates starting at 7% . They provide loans on various property types, including single family homes, multi-family, offices, mixed use buildings, retail storefronts, and raw land.

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

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

Areas Served: National

Lending Guidelines for Hamptons Financial

Below are the general loan guidelines published on the Hamptons Financial 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 Hamptons Financial.

Loan Example 1

Alexis closes on a $180,000 rehab project in Flushing, NY, using a fix-and-flip loan from Hamptons Financial. The lender agrees to write a loan with a 75% loan-to-value (LTV) so they will extend $135,000 on the house. The interest rate on the note is 13% for a length of 18 months and the company requires a one point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle amount will be returned after the property sells.

Alexis will have to fund a total of $32,400 up front to pay the $45,000 down payment plus the $1,350 origination fee. Once the loan is closed and Alexis takes on the property, she will begin making monthly payments of $1,463 to the lender ($135,000 principle x 13% / 12 months). At the end of the loan, she sells the renovated house for $225,000. After deducting the $26,325 in total interest payments ($1,463 multiplied by 18 months), the $1,350 origination fee, the $135,000 principle amount on the loan, and the $45,000 she contributed to closing, she will earn a total profit of $17,325 ($225,000 price minus $207,675 in costs). This profit would be reduced by any building costs paid by the borrow.

Loan Example 2

Lawrence is a an investor in Atlanta, GA. He buys an older house for a remodeling project and obtains a hard money loan from Hamptons Financial with the following terms:

$210,000 sales price
80% loan-to-value (LTV)
6 month term
8% rate of interest
5% origination fee

Lawrence plans to list the property when the note expires for $283,500. If he accomplishes his goal, the final numbers would be as follows:

$283,500 sales price
- $168,000 loan principle (80% LTV)
- $42,000 cash paid at closing (20% on 80% LTV)
- $8,400 origination fee (5% of the $168,000 principle amount)
- $6,720 interest payments (6 months x 8% interest)
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= $58,380 total profit (doesn't include taxes or renovation costs)

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