About Vertical Lending
Based in Winter Haven, FL, Vertical Lending is a private lender offering loans throughout Florida. Their lending focus is mainly on loans for rental properties. They provide loans on various property types, including single family homes, multi family, apartments, office units, retail storefronts, hotels/motels, storage buildings, senior facilities, mixed use buildings, warehouse spaces, industrial buildings, medical buildings, raw land, and churches.
Loan Types Offered: Investment Property Loans
Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church
Areas Served: FL
Licenses: NMLS #342544
Lending Guidelines for Vertical Lending
Below are the general loan guidelines published on the Vertical Lending website. Please confirm all terms and rates directly with the lender.
Investment Property 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
The following loans are for education purposes only. They do not represent actual loans executed by Vertical Lending.
Loan Example 1
Raquel closes on a $290,000 renovation project in Miami, FL, using a hard money loan from Vertical Lending. The lender agrees to issue a note with a 85% loan to value (LTV) so they are willing to extend $246,500 on the property. The rate on the loan is 8% for a term of 18 months and the lender requires a four point origination fee at closing. The interest is to be paid on a monthly basis and the principle amount will be paid back after the property sells.
Raquel will have to contribute $43,500 to the closing (15% on the 85% LTV), plus she will have to pay the $9,860 origination fee. After the deal is executed and Raquel takes over the property, she will need to begin making monthly payments of $1,643 to Vertical Lending ($246,500 principle x 8% / 12 months). If Raquel meets her goal of a $420,500 total sales price when the loan expires, she would earn a total profit of $91,060 after re-paying the principle on the note and subtracting the cash she contributed at closing, the origination fee, and the monthly interest payments.
Loan Example 2
Dianne takes out a loan from Vertical Lending in order to renovate a townhouse to re-sell in Miami, FL. The loan has the following terms:
a) A $220,000 sales price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 11% interest rate, and e) a 1% origination fee.
After the renovation project is completed, if Dianne sells the house for $297,000, the outcome would be the following:
$297,000 sales price
- $176,000 principle (80% LTV)
- $44,000 cash paid at closing (20% on 80% LTV)
- $1,760 origination fee (1% of the $176,000 principle amount)
- $29,040 total interest paid (18 months x 11% interest)
= $46,200 gross profit (doesn't include taxes or rehab costs)
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