About HML Capital Group
HML Capital Group is hard money lender headquartered in Baltimore, MD. They offer funding in Maryland. Their focus is primarily on fix-and-flip hard money loans. They issue terms up to 6 months and loan amounts ranging from $15,000 to $250,000 with a maximum LTV of 65%. They primarily make loans for single family homes and multi-family.
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family, Multi Family
Areas Served: MD
Lending Guidelines for HML Capital Group
Below are the general loan guidelines published on the HML Capital Group website. Please confirm all terms and rates directly with the lender.
Fix and Flip LoansLoan Amounts: $15,000 - $250,000
Available Rates: N/A
Typical Terms: 6 months
Points Charged: N/A
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 100%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/A
The following loans are for education purposes only. They do not represent actual loans executed by HML Capital Group.
Loan Example 1
HML Capital Group issues a hard money loan to Alvin for a remodeling project in Baltimore, MD, on a property that is listed for $270,000. The borrower will have to fund 20% of the sales price in cash to closing based on a 80% loan-to-value stipulated by the lending company. This makes the principle note from HML Capital Group $216,000. The loan also includes the following features: 1) a 18 month length, 2) a 9% interest only note, and 3) a two percent origination charge.
Alvin must contribute a total of $32,400 upon closing to cover the $54,000 down payment in addition to the $4,320 origination fee. The monthly interest only payments will then total $1,620 to HML Capital Group. If he sells the renovated house for $405,000 at the end of the 18 month term, his gross profit (not accounting for remodeling expenses) would be $101,520. This is calculated by taking the purchase price ($405,000) and subtracting the original note amount ($216,000), the origination fee ($4,320), the money he brought to closing ($54,000), and the total interest expenses ($29,160).
Loan Example 2
HML Capital Group makes a loan to Phillip for a rehab project in Baltimore, MD. The loan includes the following:
$370,000 sales price
70% loan to value (LTV)
6 month term
12% interest rate
5% origination fee
After the renovation project is complete, if Phillip sells the house for $462,500, the numbers would be as follows:
$462,500 sales price
- $259,000 note principle (70% LTV)
- $111,000 cash paid at closing (30% on 70% LTV)
- $12,950 origination points (5% of the $259,000 principle)
- $15,540 total interest paid (6 months x 12% interest)
= $64,010 total profit (does not include taxes or renovation costs)
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