Rest Investment Group

About Rest Investment Group

Rest Investment Group is an Opa Locka, FL based private lender. They provide funding all throughout the country. Their focus is primarily on commercial loans. They provide loans on all the following types of properties: multi-family units, apartments, office buildings, and retail spaces.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Retail

Areas Served: National

Lending Guidelines for Rest Investment Group

Below are the general loan guidelines published on the Rest Investment Group 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 Rest Investment Group.

Loan Example 1

Rest Investment Group issues a private money loan to Rodney for the acquisition of a new commercial building after he is denied a conforming loan by his local bank because he has a subpar credit rating. The building carries a price tag of $250,000. Rodney will have to put 45% down, or $112,500, since the lender will only loan 55% of the acquisition (the loan-to-value or "LTV"). This means that the principle on the deal is $137,500. The loan also includes a 6 month term, a 11% rate of interest, interest-only payments paid monthly with a balloon payment when the note expires (without a pre-payment penalty), and a 1 percent origination fee. Rodney can eliminate the loan at any point in time if he pays off the $137,500 in principle, but he will must make $1,260 per month interest payments ($137,500 principle amount x 11% interest rate / 12 months) in the interim, or until the loan expires. Since there isn't a pre-payment penalty, the only additional expense he would have to pay is the $1,375 origination charge which he will pay at closing.

Loan Example 2

Jack finds a duplex in Salt Lake City, UT to rehab and sell. Because he does not have enough cash to buy the property outright, he takes a hard money loan from Rest Investment Group with the following parameters:

$390,000 sales price
75% loan to value (LTV)
6 month term
11% rate of interest
1% origination fee

After the rehab project is complete, if Jack sells the house for $507,000, the outcome would be the following:

$507,000 sales price
- $292,500 principle (75% LTV)
- $97,500 down payment (25% on 75% LTV)
- $2,925 origination fee (1% of the $292,500 principle amount)
- $16,088 total interest paid (6 months x 11% interest)
-----------------------
= $97,988 total profit (doesn't include taxes or renovation costs)

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