Lending Xpress

About Lending Xpress

Lending Xpress is a private lender in Irvine, CA providing loans throughout California. They offer construction loans, hard money loans for commercial properties, fix and flip loans, short term bridge loans, rental property loans, and private refinancing. Their lending parameters are versatile, including loan amounts ranging from $100,000 to $18,000,000 with a maximum LTV of 90% and rates starting at 7.99% . Their loan parameters do not require a minimum FICO score. They provide loans on all of the following types of properties: single family residences, multi family, apartments, offices, retail storefronts, hotels and motels, storage buildings, senior living communities, mixed use spaces, warehouses, industrial buildings, medical buildings, undeveloped land, and churches.

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, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church

Areas Served: CA

Licenses: CA Bureau of Real Estate - License #01976609, NMLS #1326021

Lending Guidelines for Lending Xpress

Below are the general loan guidelines published on the Lending Xpress 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 Lending Xpress.

Loan Example 1

Isaac takes a fix-and-flip loan from Lending Xpress in order to rehab a townhome to flip in Los Angeles, CA. The price of the property is $190,000. The lender agrees to issue a note with a 55% loan to value (LTV) so they will loan $104,500 on the property. The interest rate on the loan is 8% for a length of 18 months and the company requires a three point origination fee at the close. The interest payments are to be paid monthly and the principle amount will be returned after the property sells.

Therefore, Isaac will need to make a $85,500 down payment in addition to paying a $3,135 origination fee. The lender will collect $697 in monthly interest from the borrower. This is calculated by taking the total loan value of $104,500, multiplying by the 8% rate of interest, and then dividing that number by 12. Isaac's plan is to finish the house within the 18 months and sell it for $285,000. If he succeeds he will earn a total profit of $79,325 ($285,000 price - $104,500 principle amount - $85,500 down payment - $3,135 origination points - $12,540 in total interest.

Loan Example 2

Angel is a real estate investor in Los Angeles, CA. She locates an older townhouse for a rehab project and takes out a fix and flip loan from Lending Xpress with the following terms:

a) A $220,000 purchase price, b) a 70% loan-to-value (LTV), c) a 12 month term, d) a 13% interest rate, and e) a 1% origination fee.

Angel plans to list the house when the note expires for $275,000. If she achieves this goal, the final numbers would be the following:

$275,000 sales price
- $154,000 loan principle (70% LTV)
- $66,000 cash paid at closing (30% on 70% LTV)
- $1,540 origination points (1% of the $154,000 principle amount)
- $20,020 interest payments (12 months x 13% interest)
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= $33,440 gross profit (doesn't include taxes or rehab costs)