York Commercial Finance

About York Commercial Finance

York Commercial Finance is an Addison, TX based private lender who provides funding all across the United States. They provide new construction loans, private refinancing, commercial loans, and short term loans. Their loan parameters are versatile, including rates ranging between 10% and 16%. They provide loans on the following types of properties: multi family, apartment buildings, office units, retail storefronts, hotels/motels, storage facilities, senior housing communities, mixed use, warehouse spaces, industrial facilities, medical facilities, and churches.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for York Commercial Finance

Below are the general loan guidelines published on the York Commercial Finance 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 York Commercial Finance.

Loan Example 1

Roland is an entrepreneur in Salt Lake City, UT. He wants to buy a new retail space for his company but he isn't able to obtain a conventional mortgage loan from his bank due to his subpar FICO score. He turns to York Commercial Finance for a commercial private money loan so he can fund the transaction. Since the lender and borrower agree to a 65% loan-to-value (LTV), Roland will bring $80,500 toward the closing and the principle will be $149,500 since the list price of the property is $230,000. Additionally, the lender will collect a 1 point origination fee along with the 11%, 18 month term on the deal. They agree to not charge a pre-payment penalty if Roland pays off the note early. Roland may eliminate the loan at any point in time by paying back the $149,500 of principle, however, he will need to pay $1,370 monthly interest payments ($149,500 principle x 11% interest / 12 months in a year) in the meantime, or until the note expires. Because there is not a pre-payment penalty, the only other expense he would have to pay is the $1,495 origination cost which he will pay at closing.

Loan Example 2

Clyde takes a hard money bridge loan from York Commercial Finance in order to remodel a townhome to flip in Fort Worth, TX. The deal has the following terms:

$350,000 purchase price
65% loan to value (LTV)
6 month term
10% interest rate
2% origination fee

After the renovation project is completed, if Clyde sells the project for $420,000, the outcome would be the following:

$420,000 sales price
- $227,500 loan principle (65% LTV)
- $122,500 cash paid at closing (35% on 65% LTV)
- $4,550 origination points (2% of the $227,500 principle amount)
- $11,375 interest payments (6 months x 10% interest)
-----------------------
= $54,075 total profit (does not include taxes or rehab costs)

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