W Financial

About W Financial

W Financial is private money lender based in New York, NY. They offer loans across the United States. They provide loans for a variety of situations and needs, including cash out hard money loans, investment property loans, private commercial loans, hard money bridge loans, and fix and flip loans. Their lending guidelines are flexible, including rates ranging between 8% and 10%, loans with a maximum LTV of 75%, and terms between 6 months and 5 years. They will make loans on most types of properties, including multi-family, apartment buildings, office buildings, retail storefronts, and mixed use.

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

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

Areas Served: National

Lending Guidelines for W Financial

Below are the general loan guidelines published on the W Financial 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 W Financial.

Loan Example 1

Tracie is an investor in Austin, TX. She finds an older property and wants to renovate it and flip it for a profit. The house costs $230,000 but she does not have the full amount so she takes out a fix and flip loan with W Financial. The borrower will be required to fund 15% of the sales price in cash to the closing based on a 85% loan to value stipulated by the lender. This makes the principle note from W Financial $195,500. The parameters of the note also include a three point origination fee that will be paid at the closing and a 12 month, interest only note with a 10% interest rate.

The borrower must contribute a total of $32,400 up front to pay the $34,500 down payment plus the $5,865 origination fee. W Financial will collect $1,629 in monthly interest payments from the borrower. This is computed by taking the total note value of $195,500, multiplying by the 10% interest rate, and then dividing that number by 12. If Tracie achieves her goal of a $345,000 sales price when the loan expires, she would pocket a total profit of $89,585 after re-paying the principle and subtracting the cash she contributed at closing, the origination fee, and the monthly interest payments.

Loan Example 2

Larry takes out a loan from W Financial in order to remodel a property to flip in Alexandria, VA. The loan has the following parameters:

a) A $340,000 purchase price, b) a 80% loan to value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 4% origination fee.

After the rehab project is completed, if Larry sells the house for $493,000, the numbers would be as follows:

$493,000 sales price
- $272,000 principle on note (80% LTV)
- $68,000 cash paid at closing (20% on 80% LTV)
- $10,880 origination fee (4% of the $272,000 principle amount)
- $29,920 total interest paid (12 months x 11% interest)
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= $112,200 total profit (doesn't include taxes or rehab costs)

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