About WSC Synergy Investments
WSC Synergy Investments is a Los Angeles, CA based private lender. They offer loans in 20 states across the country. Their lending focus is mainly on fix and flip loans. They issue loans with a maximum LTV of 75%. They will consider varying lending scenarios but primarily focus on single family homes and multi family residences.
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family, Multi Family
Areas Served: CA, AZ, CO, FL, GA, IL, MI, MO, NC, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
Fix and Flip LoansLoan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 75%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A
Loan Example 1
WSC Synergy Investments makes a fix and flip loan to Perry for a rehab project in Houston, TX, on a property that is listed for $200,000. The lender agrees to write a loan with a 75% loan to value (LTV) so they will loan $150,000 on the house. The parameters of the deal also include a four point origination fee which will be paid at closing and a 18 month, interest-only note with a 10% interest rate.
Therefore, Perry will have to contribute a $50,000 down payment plus pay a $6,000 origination fee. he will then pay $1,250 per month to WSC Synergy Investments. If Perry sells the rehabed project for $240,000 at the end of the 18 month term, his total profit (not including rehab costs) would be $11,500. This is computed by taking the purchase price ($240,000) and subtracting the original principle ($150,000), the origination fee ($6,000), the funds he brought to closing ($50,000), and the total interest expenses ($22,500).
Loan Example 2
Maritza is a an investor in Houston, TX. She purchases a run-down property for a renovation project and obtains a fix and flip loan from WSC Synergy Investments with the following paramters:
a) A $160,000 purchase price, b) a 80% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 2% origination fee.
Maritza intends to list the project when the note expires for $192,000. If she succeeds, the final numbers will be the following:
$192,000 sales price
- $128,000 principle on note (80% LTV)
- $32,000 down payment (20% on 80% LTV)
- $2,560 origination points (2% of the $128,000 principle amount)
- $17,280 interest payments (18 months x 9% interest)
= $12,160 gross profit (doesn't include taxes or rehab costs)
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