National Equity Funding
P.O. Box 51182
Irvine, CA 92619
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About National Equity Funding
National Equity Funding is private money lender based in Irvine, CA. They offer funding throughout the country. They offer fix and flip hard money loans, investment property loans, commercial loans, construction loans, and short term loans. They issue loan amounts ranging from $300,000 to $12,000,000. They provide loans on all of the following types of properties: single family homes, multi-family, apartment buildings, office units, retail storefronts, hotels/motels, storage buildings, senior housing facilities, mixed use buildings, warehouse buildings, industrial facilities, medical buildings, undeveloped land, and churches.
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Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction 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: National
Licenses: NMLS #333137, BRE #01866147
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Lending Guidelines for National Equity Funding
Below are the general loan guidelines published on the National Equity Funding website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $300,000 - $12,000,000
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: 2 WeeksFix and Flip Loans
Loan Amounts: $300,000 - $12,000,000
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: 2 WeeksCommercial Hard Money Loans
Loan Amounts: $300,000 - $12,000,000
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: 2 WeeksNew Construction Loans
Loan Amounts: $300,000 - $12,000,000
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: 2 WeeksBridge Loans
Loan Amounts: $300,000 - $12,000,000
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: 2 Weeks -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by National Equity Funding.
Loan Example 1
Luz takes a private money loan from National Equity Funding in order to rehab a townhouse to flip in Washington DC, DC. The sales price of the property is $270,000. The borrower will be required to fund 45% of the purchase price in cash to the closing based on a 55% loan to value stipulated by the lender. This makes the loan principle from National Equity Funding $148,500. The interest rate on the note is 14% for a length of 18 months and the company requires a five point origination fee at the closing. The interest is to be paid monthly and the principle will be returned after the sale of the property.
Luz will have to bring $121,500 to closing (45% on the 55% LTV), plus she will have to pay the $7,425 origination fee. The lender will collect $1,733 in monthly interest payments from the Luz. This is calculated by taking the full note amount of $148,500, multiplying by the 14% interest rate, and then dividing that number by 12. Luz's intention is to finish the house within the 18 months and re-sell it for $364,500. If she succeeds she will earn a profit of $55,890 ($364,500 price - $148,500 principle - $121,500 funds brough to closing - $7,425 origination points - $31,185 in total interest.
Loan Example 2
Jayne takes out a fix and flip loan from National Equity Funding so she can rehab a townhouse to flip in Corpus Christi, TX. The deal has the following parameters:
$210,000 sales price
65% loan to value (LTV)
18 month term
13% rate of interest
2% origination feeIf Jayne succeeds in her goal of a $273,000 sales price, the numbers of the deal will be the following:
$273,000 sales price
- $136,500 principle on note (65% LTV)
- $73,500 cash paid at closing (35% on 65% LTV)
- $2,730 origination fee (2% of the $136,500 principle)
- $26,618 total interest paid (18 months x 13% interest)
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= $33,653 gross profit (does not include taxes or renovation costs) -
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