About Sage Global Finance, LLC
Sage Global Finance, LLC is a Miramar, FL based private money lender. They provide funding across the country. Their focus is primarily on private commercial loans. They offer loan amounts ranging from $100,000 to $50,000,000 with a maximum LTV of 80% and rates ranging between 9% and 14%. They offer loans on many types of properties, including multi family residences, apartment buildings, offices, retail spaces, hotels and motels, storage facilities, senior housing communities, mixed use spaces, warehouses, industrial facilities, and medical facilities.
Loan Types Offered: Commercial Hard Money Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical
Areas Served: National
Lending Guidelines for Sage Global Finance, LLC
Below are the general loan guidelines published on the Sage Global Finance, LLC website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money LoansLoan Amounts: $100,000 - $50,000,000
Available Rates: 9% - 14%
Typical Terms: N/A
Points Charged: 1% - 4%
Max Loan-to-Value (LTV): 80%
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: 5 - 30 Days
The following loans are for education purposes only. They do not represent actual loans executed by Sage Global Finance, LLC.
Loan Example 1
Ken owns a small business in Tacoma, WA and needs to buy a new commercial building to run his operations. Since he isn't able to get a commercial mortgage from a bank, he turns to Sage Global Finance, LLC for a commercial private money loan. The new property carries a price tag of $190,000. Ken will need to put 40% down, or $76,000, since the lender will loan only 60% of the transaction (the loan to value or "LTV"). Accordingly, the principle amount on the deal is $114,000. The lender additionally lays out the following terms to the transaction: 1) a 8% rate of interest, 2) a 12 month length with interest only payments monthly, 3) an origination fee of 3 percent paid by Ken at the close, and 4) no penalty for pre-payment. Under the parameters of this deal, Ken will have to pay an origination fee of $3,420 when the deal closes. He will also start to make payments of $760 each month for the duration of the note and will pay back the principle amount at the expiration of the 12 month loan term. If he decides to re-pay the note earlier, he can do so with no additional expense since there is not a pre-payment penalty stipulated by the note.
Loan Example 2
Winifred takes out a private money loan from Sage Global Finance, LLC in order to remodel a townhouse to flip in Boston, MA. The deal has the following parameters:
a) A $390,000 purchase price, b) a 70% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 5% origination fee.
Based on a $585,000 sales price after the 6 month term, the numbers for the project would look like this:
$585,000 sales price
- $273,000 loan principle (70% LTV)
- $117,000 cash paid at closing (30% on 70% LTV)
- $13,650 origination fee (5% of the $273,000 principle)
- $10,920 interest payments (6 months x 8% interest)
= $170,430 total profit (does not include taxes or rehab costs)
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