About US Best Capital Partners LLC
US Best Capital Partners LLC is a private lender headquartered in Oakdale, PA offering funding in 41 states across the country. Their focus is primarily on hard money loans for commercial properties. Their lending parameters are versatile, including loan amounts ranging from $100,000 to $5,000,000 with a maximum LTV of 75% and rates starting at 6.49% . They require their borrowers to have a minimum credit score of 650 to obtain a loan. They offer loans on all the following property types: multi-family units, apartment buildings, office units, retail units, storage buildings, mixed use, warehouses, and industrial buildings.
Loan Types Offered: Commercial Hard Money Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Storage, Mixed Use, Warehouse, Industrial
Areas Served: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IN, KS, KY, LA, MA, MD, ME, MO, MS, MT, NC, NE, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TX, UT, VA, WA, WI, WV, WY
Lending Guidelines for US Best Capital Partners LLC
Below are the general loan guidelines published on the US Best Capital Partners LLC website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money LoansLoan Amounts: $100,000 - $5,000,000
Available Rates: 6.49% and up
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 75%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: 650
Time to Close: N/A
The following loans are for education purposes only. They do not represent actual loans executed by US Best Capital Partners LLC.
Loan Example 1
So she can purchase a new office building for her growing business, Bobbie turns to US Best Capital Partners LLC to fund her purchase with a commercial hard money loan since she can't secure a conforming loan from a bank. The property is listed for $190,000. Because there is a 80% loan-to-value (LTV) stipulated by the lender, the loan principle will be $152,000. The remaining $38,000 will be the responsibility of the borrower. Additionally, the lender will charge a 5 point origination fee in combination with the 10%, 6 month term on the deal. They will not enforce a pre-payment penalty if Bobbie pays off the note before expiration. By the rules of this deal, Bobbie will be required to pay an origination charge of $7,600 at closing (5% x $152,000 principle amount) and will then make payments of $1,267 per month ($152,000 principle amount x 10% interest / 12 months). Finally, she will make a balloon payment of the $152,000 principle amount upon expiration of the loan, or before if she chooses.
Loan Example 2
Jordan is a real estate investor in Houston, TX. He locates a run-down townhouse for a remodeling project and obtains a private money loan from US Best Capital Partners LLC with the following terms:
a) A $250,000 sales price, b) a 75% loan-to-value (LTV), c) a 18 month term, d) a 10% interest rate, and e) a 1% origination fee.
Once the renovation project is completed, if Jordan sells the property for $337,500, the outcome would be as follows:
$337,500 sales price
- $187,500 principle (75% LTV)
- $62,500 cash paid at closing (25% on 75% LTV)
- $1,875 origination fee (1% of the $187,500 principle)
- $28,125 interest payments (18 months x 10% interest)
= $57,500 gross profit (doesn't include taxes or rehab costs)
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