Hard Money Loan Calculator- A Useful Tool To Figure Out The Cost Of The Loan

1. Hard Money Loan Calculator- A Useful Tool To Figure Out The Cost Of The Loan Do you need interim funding for your next construction renovation project? All California Lending can help you acquire a property quickly before you find and secure a longer-term source of capital for the duration of your project! Get benefited with the hard money loan. You can use it for your upcoming investment in, property acquisition, renovation, fix & flip. With this, you can minimize the amount of out-of-pocket expenses for your next project. It gives you the flexibility to fund and manage the acquisition process of a property. or or construction

2. House flippers like to purchase short-term real estate loans & employ them to buy and repair houses. Leading hard money lender gives the investor the funds they require to repair the property. The purpose is to renovate it and sell it at a profit and return the loan amount. The real estate investor required to pay back the full loan amount at the end of the loan terms (usually 12-24 months or 36 months). Typically, the complete loan balance is repaid using the proceeds from the sale of the home. In most cases, hard money lenders will provide 60 to 70% of the funds needed to complete the project, meaning that the house flipper is responsible for covering the shortfall. The value of the property after repairs must be significantly higher than the original purchase price. So there is hardly any chance of loss in the landing transaction. 2

3. You need a comprehensive Hard Money Calculator to calculate the ROI of a fix and flip. It enables you to assess the return on investment when you sell the property, analyze net operating income, and work out the monthly repayment amounts. Use our loan calculator to get a precise breakdown of the expenses and return on your real estate investment. Knowing your financial deals beforehand enables you to plan effectively. It also helps you stay away from any potential mistakes or solutions into consideration. However, this calculator is intended only to generate estimates and does not guarantee the terms of any loan. To get the most accurate figures for a hard money loan, you should contact a lending expert at All California Lending for full loan underwriting. They specialize in non-consumer purposes, hard money lending and commercial loans for many years. 3

4. Reputable Hard Money Lenders like All California Lending offer interest-only repayment terms. For example, if you were offered a $200,000 hard money loan, with a 12.5% hard money interest rate, your monthly payment would work out to $ 2,083.33. Here’s how it works: ●Amount Borrowed: $200,000 ●Annual Interest Rate: 12.5% ●Probable Monthly Repayment: Amount Borrowed * Annual Interest Rate / 12 ●Monthly Repayment: $200,000 * 12.5% / 12 ●Monthly Payments: $2,083.33 In other words, the amount of capital borrowed is only covered by the interesting part of your monthly payment. But, when the loan term ends, you must repay the entire amount that was borrowed. Do you wish to have a clear picture of your numbers can be a game-changing factor while applying for any hard money loan program? All California Lending offers the helpful hard money loan calculator tool to make things easy & transparent. If you’re unfamiliar with what you should enter in the calculator, they can help you. Call them today to know more about their service. 4

5. Thanks! Thanks! Any questions? Any questions? Find me at- 877 462 3422 cgoulart@acalending.com 5