VFindLoans

About VFindLoans

VFindLoans is a Corona, CA based hard money lender. They offer funding in California. They provide loans for investments properties, fix and flip hard money loans, cash out loans, and commercial loans. Their lending guidelines are flexible, including terms between 6 months and 300 months, loan amounts ranging from $50,000 to $750,000 with a maximum LTV of 75%, and rates starting at 8.99% . They do not require their borrowers to have a minimum credit rating to receive a loan. They provide loans on the following property types: single family units, multi-family, apartment buildings, office buildings, retail spaces, hotels and motels, storage buildings, senior living facilities, mixed use spaces, raw land, churches, warehouse spaces, and industrial buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial

Areas Served: CA

Lending Guidelines for VFindLoans

Below are the general loan guidelines published on the VFindLoans 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 VFindLoans.

Loan Example 1

Dorothy closes on a $240,000 renovation project in Los Angeles, CA, using a fix-and-flip loan from VFindLoans. The borrower will be required to fund 15% of the sales price in cash to closing based on a 85% loan-to-value set by the lender. This makes the principle amount from VFindLoans $204,000. The deal also has these features: 1) a 12 month term, 2) a 8% interest only note, and 3) a five percent origination charge.

Dorothy will need to bring $36,000 to closing (15% on the 85% LTV), plus she will have to pay the $10,200 origination fee. she must then pay $1,360 monthly to VFindLoans. Assuming Dorothy sells the renovated house for $312,000 at the end of the 12 month term, her total profit (not accounting for rehab expenses) would be $45,480. This is calculated by taking the purchase price ($312,000) and subtracting the original principle ($204,000), the origination cost ($10,200), the money she brought to closing ($36,000), and the total interest expenses ($16,320).

Loan Example 2

Simone is a real estate investor in Los Angeles, CA. She purchases a run-down townhouse for a renovation project and takes a fix and flip loan from VFindLoans with the following paramters:

a) A $380,000 sales price, b) a 50% loan-to-value (LTV), c) a 12 month term, d) a 12% interest rate, and e) a 2% origination fee.

Simone plans to list the project when the note expires for $513,000. If she achieves this goal, the outcome will be as follows:

$513,000 sales price
- $190,000 note principle (50% LTV)
- $190,000 cash paid at closing (50% on 50% LTV)
- $3,800 origination points (2% of the $190,000 principle amount)
- $22,800 interest payments (12 months x 12% interest)
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= $106,400 gross profit (doesn't include taxes or renovation costs)

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