About Triumph Real Estate Investments
Triumph Real Estate Investments is private lender headquartered in Miami, FL. They offer loans throughout the country. Their lending focus is primarily on short term fix and flip loans. They offer loans on various types of properties, including single family units, multi-family units, apartments, office buildings, retail units, industrial buildings, and mixed use buildings.
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial, Mixed Use
Areas Served: National
Fix and Flip LoansLoan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
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: N/A
Loan Example 1
Seth finds a property in Reading, PA to flip and resell. Since he doesn't have enough cash on-hand to purchase the $400,000 project outright, he decides to take out a hard money loan from Triumph Real Estate Investments. The lender agrees to make a loan with a 65% loan to value (LTV) so they will extend $260,000 on the project. The note is interest-only, with monthly payments, and is for 6 months at 12% interest with 3 points paid when the deal closes.
Seth must bring a total of $32,400 up front to pay the $140,000 down payment in addition to the $7,800 origination fee. After the loan closes, he will pay Triumph Real Estate Investments $2,600 in monthly interest fees, or 12% multiplied times $260,000 divided by 12 months in the year. If Seth sells the house for $520,000 after 6 months, he would then realize a gross profit of $96,600 after deducting the original principle of $260,000, the money paid at closing of $140,000, the origination fee of $7,800, and the total interest payments of $15,600. This amount doesn't account for rehab costs.
Loan Example 2
Philip locates a house in Stockton, CA to remodel and resell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Triumph Real Estate Investments with the following parameters:
a) A $180,000 sales price, b) a 75% loan to value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 4% origination fee.
If Philip succeeds in his goal of a $216,000 sales price, the outcome of the deal would be the following:
$216,000 sales price
- $135,000 principle on note (75% LTV)
- $45,000 cash paid at closing (25% on 75% LTV)
- $5,400 origination points (4% of the $135,000 principle)
- $24,300 interest payments (18 months x 12% interest)
= $6,300 gross profit (doesn't include taxes or renovation costs)
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