About M&M Real Estate Holdings
M&M Real Estate Holdings is private lender based in Pittsburgh, PA. They offer funding throughout Pittsburgh. Their lending focus is primarily on fix-and-flip loans. Their lending guidelines are versatile, including loan amounts ranging from $50,000 to $500,000. They primarily offer loans for single family residences and multi family.
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family, Multi Family
Areas Served: Pittsburgh
Lending Guidelines for M&M Real Estate Holdings
Below are the general loan guidelines published on the M&M Real Estate Holdings website. Please confirm all terms and rates directly with the lender.
Fix and Flip LoansLoan Amounts: $50,000 - $500,000
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 M&M Real Estate Holdings.
Loan Example 1
Jason is a house flipper in Pittsburgh, PA. He discovers an older property for sale and wants to rehab it and flip it for a profit. The house costs $380,000 but he does not have the full amount so he obtains a fix-and-flip loan with M&M Real Estate Holdings. The lender agrees to issue a loan with a 85% loan-to-value (LTV) so they will loan $323,000 on the house. The rate on the note is 13% for a length of 18 months and the company requires a three point origination fee at closing. The interest is to be paid on a monthly basis and the principle amount will be returned after the property sells.
The borrower must bring a total of $32,400 up front to cover the $57,000 down payment in addition to the $9,690 origination fee. After the loan closes, he will have to pay M&M Real Estate Holdings $3,499 in monthly interest fees, or 13% multiplied times $323,000 divided by 12 months in the year. If Jason sells the house for $494,000 after 18 months, he would make a total profit of $41,325 after deducting the principle of $323,000, the funds paid at closing of $57,000, the origination points of $9,690, and the aggregate interest payments of $62,985. This gross profit does not account for building costs.
Loan Example 2
M&M Real Estate Holdings issues a loan to Marcia for a remodeling project in Pittsburgh, PA. The deal dictates the following:
$290,000 sales price
65% loan to value (LTV)
18 month term
11% interest rate
5% origination fee
Marcia intends to list the project at the end of the term for $362,500. If she accomplishes her goal, the outcome will be as follows:
$362,500 sales price
- $188,500 principle on note (65% LTV)
- $101,500 cash paid at closing (35% on 65% LTV)
- $9,425 origination fee (5% of the $188,500 principle amount)
- $31,103 total interest paid (18 months x 11% interest)
= $31,973 gross profit (does not include taxes or rehab costs)
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