Quality Consolidated Services

About Quality Consolidated Services

Quality Consolidated Services is a Newburgh, NY based private lender who offers loans all throughout the United States. They offer fix and flip hard money loans and hard money loans for commercial properties. They issue loan amounts ranging from $500,000 to $100,000,000, rates ranging between 9% and 15%, and terms between 6 months and 240 months. They make loans on the following property types: single family, multi family, apartment buildings, offices, retail storefronts, hotels and motels, storage buildings, assisted living communities, mixed use, warehouses, industrial facilities, medical offices, undeveloped land, and churches.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money 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

Lending Guidelines for Quality Consolidated Services

Below are the general loan guidelines published on the Quality Consolidated Services 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 Quality Consolidated Services.

Loan Example 1

Elise closes on a $400,000 rehab project in Tulsa, OK, using a fix and flip loan from Quality Consolidated Services. The lender agrees to write a loan with a 75% loan-to-value (LTV) so they will extend $300,000 on the house. The interest rate on the loan is 8% for a term of 6 months and the lender requires a one point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be repaid after the sale of the property.

Elise will need to bring a total of $32,400 upon closing to cover the $100,000 down payment in addition to the $3,000 origination fee. Quality Consolidated Services will collect $2,000 in monthly interest from the Elise. This is computed by taking the total loan amount of $300,000, multiplying by the 8% rate of interest, and then dividing that number by 12. At the end of the loan, she sells the rehabed property for $500,000. After deducting the $12,000 in total interest payments ($2,000 multiplied times 6 months), the $3,000 origination fee, the $300,000 principle on the loan, and the $100,000 she brought to the closing, she will earn a gross profit of $85,000 ($500,000 sales price minus $415,000 in costs). This amount would then be reduced by any building costs paid by the borrow.

Loan Example 2

Clifford finds a townhouse in Kansas City, MO to remodel and re-sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Quality Consolidated Services with the following parameters:

$170,000 sales price
80% loan to value (LTV)
18 month term
10% rate of interest
4% origination fee

Clifford plans to list the project when the note expires for $229,500. If he succeeds, the deal numbers will be as follows:

$229,500 sales price
- $136,000 principle on note (80% LTV)
- $34,000 cash paid at closing (20% on 80% LTV)
- $5,440 origination fee (4% of the $136,000 principle amount)
- $20,400 total interest paid (18 months x 10% interest)
-----------------------
= $33,660 total profit (does not include taxes or renovation costs)

No Reviews Yet

Quality Consolidated Services currently has no reviews. To add a review now, click the link below:

Write a Review for Quality Consolidated Services