About Infinity Commercial Lending
Infinity Commercial Lending is a private lender headquartered in Old Greenwich, CT offering funding throughout the country. Their focus is primarily on hard money loans for commercial properties. They make loans on the following types of properties: multi-family, apartments, office buildings, retail spaces, hotels and motels, storage facilities, assisted living facilities, mixed use buildings, warehouse spaces, industrial facilities, and medical offices.
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 Infinity Commercial Lending
Below are the general loan guidelines published on the Infinity Commercial Lending website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money LoansLoan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
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 Infinity Commercial Lending.
Loan Example 1
Infinity Commercial Lending issues a private money loan to Ginger for the acquisition of a new office building after she is turned down for a conventional mortgage loan by her local bank because she has a low credit rating. Since the lender and borrower agree on a 65% loan-to-value (LTV), Ginger will bring $133,000 at the closing and the loan principle will be $247,000 because the list price of the new property is $380,000. The parameters of the loan include a 6 month term, a 10% rate of interest, and a 2 origination fee paid by the borrower when the transaction closes. By the parameters of the deal, Ginger will have to pay an origination fee of $4,940 at closing (2% x $247,000 principle value) and will then start making payments of $2,058 per month ($247,000 principle value x 10% interest / 12 months). Finally, she will make a final payment of the $247,000 principle value upon expiration of the loan, or before if she chooses to pay off early.
Loan Example 2
Infinity Commercial Lending issues a loan to Roger for a renovation project in Reading, PA. The loan dictates the following:
a) A $180,000 sales price, b) a 60% loan-to-value (LTV), c) a 6 month term, d) a 9% interest rate, and e) a 3% origination fee.
After the renovation project is complete, if Roger sells the project for $225,000, the final numbers would be the following:
$225,000 sales price
- $108,000 loan principle (60% LTV)
- $72,000 cash paid at closing (40% on 60% LTV)
- $3,240 origination fee (3% of the $108,000 principle amount)
- $4,860 total interest paid (6 months x 9% interest)
= $36,900 gross profit (does not include taxes or rehab costs)
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