Percentage of the purchase price the lender will loan.
Processing, appraisal, doc fees (e.g., $1,800).
Points charged on the loan amount (e.g., 2.5). One point = 1%.
Nominal annual interest rate for the hard money loan (e.g., 14%).
Estimated resale value after renovations (e.g., $375,000).
Property purchase price (e.g., $250,000).
Total estimated renovation budget (e.g., $50,000).
Buyer side closing costs at purchase (e.g., $2,500).
Estimated duration of project in months (e.g., 6).
Total finished square footage (e.g., 2,000).
Select the property's state to estimate taxes/holding costs.
Estimated costs to sell the property (e.g., $1,500).
Select the commission rate for the sale (e.g., 5 - 6%)
Total private money loan amount requested (e.g., $150,000).
Points charged by the private lender (e.g., 2.5).
Nominal annual interest rate for the private loan (e.g., 12%).
Fixed interest fee charged upfront or at exit (e.g., $3,000).
Lender's share of profit, as a percent (e.g., 10%).
Estimated monthly interest payment to the private lender (e.g., $1,500).