The Nikols Company

About The Nikols Company

The Nikols Company is private lender based in Newport Beach, CA. They offer funding in California. They offer lending solutions for a variety of scenarios, including hard money refinancing, hard money bridge loans, and private commercial loans. Their loan parameters are flexible, including rates ranging between 6% and 10%, loan amounts ranging from $1,000,000 to $10,000,000 with a maximum LTV of 75%, and terms up to 1 year. They provide loans on various property types, including multi family residences, apartment buildings, industrial facilities, office units, retail storefronts, and mixed use.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: CA

Lending Guidelines for The Nikols Company

Below are the general loan guidelines published on the The Nikols Company 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 The Nikols Company.

Loan Example 1

Joshua is a small business owner in Los Angeles, CA. He decides to buy a new building for his business but he isn't able to secure a commercial mortgage from his bank because of his subpar credit rating. He looks to The Nikols Company for a commercial hard money loan to fund the purchase. The building carries a price tag of $180,000. Joshua will need to put 40% down, or $72,000, since the lender will loan only 60% of the purchase (the loan-to-value or "LTV"). This means that the principle on the deal will be $108,000. In addition, the lender will charge a 3 point origination fee in addition to the 12%, 6 month term on the loan. They agree to not enforce a pre-payment penalty if Joshua pays off the loan early. Joshua will be required to pay the origination fee of $3,240 and will then begin making the interest payments of $1,080 ($108,000 principle x 12% interest / 12 months in a year). He may pay back the note early if he chooses since there isn't a pre-payment penalty but he will be responsible for the principle whenever he eliminates the loan.

Loan Example 2

The Nikols Company issues a hard money bridge loan to Sybil for a renovation project in Los Angeles, CA. The deal includes the following:

a) A $380,000 purchase price, b) a 55% loan to value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 1% origination fee.

After the rehab project is completed, if Sybil sells the house for $475,000, the final numbers would be the following:

$475,000 sales price
- $209,000 note principle (55% LTV)
- $171,000 cash paid at closing (45% on 55% LTV)
- $2,090 origination fee (1% of the $209,000 principle)
- $28,215 total interest paid (18 months x 9% interest)
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= $64,695 gross profit (does not include taxes or rehab costs)

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