R & R Commercial Lending, Inc

About R & R Commercial Lending, Inc

R & R Commercial Lending, Inc is a Winter Park, FL based private money lender. They offer loans throughout Florida. They offer commercial loans, fix-and-flip loans, short term bridge loans, and private refinancing. Their loan parameters are flexible, including terms up to 5 years, loan amounts ranging from $100,000 to $1,000,000 with a maximum LTV of 60%, and rates ranging between 12% and 15%. They require a minimum credit score of 500 to obtain a loan. They offer loans on the following types of properties: single family residences, multi-family units, apartments, office buildings, retail spaces, hotels, storage buildings, assisted living communities, mixed use, warehouse spaces, industrial buildings, and medical buildings.

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

Areas Served: FL

Lending Guidelines for R & R Commercial Lending, Inc

Below are the general loan guidelines published on the R & R Commercial Lending, Inc 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 R & R Commercial Lending, Inc.

Loan Example 1

Brianna finds a property in Miami, FL to flip and re-sell. Since she doesn't have enough cash on-hand to purchase the $300,000 project outright, she decides to take out a private money loan from R & R Commercial Lending, Inc. Because the lender sets a 75% loan to value, Brianna will have to put 25% down and the total amount of the note will be $225,000. The note is interest only, with monthly payments, and is for 12 months at 8% interest with 1 origination points paid at closing.

On top of the $2,250 origination fee, Brianna will also need to fund $75,000 of the purchase with her own funds, or 25% of the purchase price. The monthly interest only payments will then total $1,500 to the lender. At the end of the note, she sells the rehabed property for $420,000. After subtracting the $18,000 in interest payments ($1,500 multiplied times 12 months), the $2,250 origination fee, the $225,000 principle amount on the note, and the $75,000 she contributed to closing, she will earn a total profit of $99,750 ($420,000 sales price minus $320,250 in total costs). This amount would be reduced by any renovation costs paid by the borrow.

Loan Example 2

Alice takes a private money loan from R & R Commercial Lending, Inc in order to remodel a townhome to flip in Miami, FL. The deal has the following parameters:

$280,000 purchase price
70% loan-to-value (LTV)
18 month term
8% interest rate
2% origination fee

Based on a $364,000 sales price at the end of the 18 month term, the numbers for this project would look like this:

$364,000 sales price
- $196,000 note principle (70% LTV)
- $84,000 cash paid at closing (30% on 70% LTV)
- $3,920 origination points (2% of the $196,000 principle)
- $23,520 total interest paid (18 months x 8% interest)
-----------------------
= $56,560 total profit (does not include taxes or rehab costs)

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