RevitaLending

About RevitaLending

RevitaLending is a Washington DC based private lender. They provide funding throughout Washington DC. They offer private commercial loans, construction loans, private refinancing, investment property loans, short term loans, and fix-and-flip hard money loans. They provide rates ranging between 10% and 14%, loan amounts ranging from $50,000 to $5,000,000 with a maximum LTV of 65%, and terms between 6 months and 1 year. They do not require a minimum credit score to receive a loan. They make loans on all the following types of properties: single family units, multi-family units, mixed use spaces, retail spaces, office buildings, industrial facilities, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Mixed Use, Retail, Office, Industrial, Land

Areas Served: Washington DC

Loan Example 1

Phyllis takes a fix and flip loan from RevitaLending in order to rehab a duplex to resale in Washington DC, DC. The sales price of the property is $320,000. The loan to value (LTV) on the deal is 70%. This means that Phyllis will have to bring 30% of the purchase price to closing and the principle will be $224,000 on the note. The terms of the loan dictate a 10% note for 12 months. They also require a 3 point origination fee, which will also need to be paid when the property closes.

In addition to paying the $6,720 origination fee, Phyllis will also need to fund $96,000 of the purchase with her own funds, or 30% of the purchase price. After the loan is closed and Phyllis takes the property, she will begin making monthly payments of $1,867 to RevitaLending ($224,000 principle x 10% / 12 months). Phyllis 's plan is to finish the project within the 12 months and re-sell it for $480,000. If she succeeds she will collect a gross profit of $130,880 ($480,000 price - $224,000 principle - $96,000 down payment - $6,720 origination points - $22,400 in total interest.

Loan Example 2

Guy is a an investor in Washington DC, DC. He buys a run-down townhouse for a renovation project and obtains a hard money loan from RevitaLending with the following paramters:

$330,000 sales price
70% loan to value (LTV)
18 month term
12% interest rate
4% origination fee

After the rehab project is complete, if Guy sells the project for $462,000, the final numbers would be as follows:

$462,000 sales price
- $231,000 note principle (70% LTV)
- $99,000 cash paid at closing (30% on 70% LTV)
- $9,240 origination fee (4% of the $231,000 principle)
- $41,580 interest payments (18 months x 12% interest)
-----------------------
= $81,180 gross profit (doesn't include taxes or renovation costs)

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