About Markour Funding and Investments
Markour Funding and Investments is a Scottsale, AZ based private lender offering funding in Arizona. Their focus is mainly on fix and flip loans. Their lending guidelines are versatile, including loan amounts starting at $100,000. The focus of their lending is for single family residences and multi family.Visit Website
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family, Multi Family
Areas Served: AZ
Licenses: MB–0904943, NMLS-180627
Lending Guidelines for Markour Funding and Investments
Below are the general loan guidelines published on the Markour Funding and Investments website. Please confirm all terms and rates directly with the lender.
Fix and Flip LoansLoan Amounts: $100,000 and up
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 Markour Funding and Investments.
Loan Example 1
Shawn closes on a $220,000 rehab project in Phoenix, AZ, using a hard money loan from Markour Funding and Investments. The borrower will have to contribute 30% of the purchase price in cash to the closing based on a 70% loan-to-value stipulated by the lending company. This makes the principle note from Markour Funding and Investments $154,000. The parameters of the deal dictate a 11% note for 18 months. They also stipulate a 5 point origination fee, which will also need to be paid when the property closes.
Accordingly, the borrower will have to contribute a $66,000 down payment plus pay a $7,700 origination fee. Once the deal closes, he will have to pay Markour Funding and Investments $1,412 in monthly interest fees, or 11% times $154,000 divided by 12 months in the year. At the expiration of the loan, he sells the renovated house for $330,000. After subtracting the $25,410 in interest expenses ($1,412 times 18 months), the $7,700 origination fee, the $154,000 principle amount on the loan, and the $66,000 he contributed to the closing, he will earn a gross profit of $76,890 ($330,000 price minus $253,110 in costs). This profit would then be reduced by any building costs paid by Shawn.
Loan Example 2
Clarice takes out a fix and flip loan from Markour Funding and Investments so she can remodel a property to resell in Phoenix, AZ. The deal has the following parameters:
a) A $170,000 sales price, b) a 85% loan-to-value (LTV), c) a 18 month term, d) a 10% interest rate, and e) a 3% origination fee.
Once the renovation project is completed, if Clarice sells the house for $212,500, the numbers would be as follows:
$212,500 sales price
- $144,500 note principle (85% LTV)
- $25,500 cash paid at closing (15% on 85% LTV)
- $4,335 origination fee (3% of the $144,500 principle amount)
- $21,675 interest payments (18 months x 10% interest)
= $16,490 total profit (doesn't include taxes or rehab costs)
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