WSC Synergy Investments
6709 La Tijera Blvd #127
Los Angeles, CA 90045
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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.Visit Website
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
Lending Guidelines for WSC Synergy Investments
Below are the general loan guidelines published on the WSC Synergy Investments website. Please confirm all terms and rates directly with the lender.
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
The following loans are for education purposes only. They do not represent actual loans executed by WSC Synergy Investments.
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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