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Direct Lender for Residential Fix & Flip Investors
Boomerang Capital Partner is a direct lender based in Mesa, AZ. We have been in business for 14+ years and funded over 4,000 loans totaling over $500 million. We have funding available and can provide reliable and predictable financing in as few as 2 business days.
- Interest Charged Only on Funds Drawn
- No Credit Check
- No Junk Fees
- In-House Valuations
- Full appraisal only required in some cases
Please Note: We do NOT offer loans for raw land or owner-occupied homes.
Property Geographic Area Details
Arizona, Colorado, Texas
Loan Amounts
$100,000 to $2,500,000
Interest Rates
12% to 12%
Max Loan-To-Value
70.00%
Max Loan-To-Cost
85.00%
Origination Fees
1% to 2%
Loan Terms
6 months to 12 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Improve Subject Property
- Use Equity to Invest in Another Property
- Value Add Project
Property Occupancy
- Vacant
Property Types and Loan Types
Collateral Types
- Residential Property
Property Types
- 2-4 Units Residential
- Multifamily
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
Purchase Loan
Max Loan-To-Purchase Price
85.00%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
Rehab Value Add Loan
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
85.00%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
1Maximum After Repair Value
70.00%Details and Requirements
Typical Closing Time (Days)
3Fastest Closing Time (Days)
1Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
no
Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
- Self-Directed IRA
Documentation Required
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
noAppraisal Required for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
NeverFees
Extension Fee
We may consider extensions up to 90 days. The fee would be the same number of points charged on the initial funding.
Fees which are mandatory for all new borrower clients
- Title Fee
Fees which are paid to a third party company
- Title Fee
We work for you. We Are Non-Traditional.
We offer innovative financing solutions to our borrowers under-served by traditional banks. And, unlike other non-traditional lenders, we work for you. You aren’t just a number, you talk to a real person about your project and requirements, and we work to get you going. And you’ll keep talking to that same person at all stages of your project right through to the completion and back-end disposition of your project (and hopefully next one!)
We are Experienced
We have helped with thousands of homes and hundreds of millions of dollars of funding, across the country. We have seen the ups and downs of the economy as a whole and of individual projects, all of which helps us understand what you are doing, and work with you to accomplish your goals. The majority of our borrowers are repeat clients, and we’d love to have you as one too.
We are Fast & Dependable
You need certainty, and you need it fast. We get it. We have funding available and can provide reliable and predictable financing in as few as 2 business days. Our doors and phones have remained open through the housing crash and the COVID-19 pandemic.
License
Arizona BK-1001146, NMLS 1644075
Company Size (Number of Employees)
10
Year Established
2006
Associations
- American Association of Private Lenders
- Forbes Real Estate Council
Office Locations
2152 S. Vineyard #105, Mesa, Arizona 85210Primary Capital Source
- Own Funds
- Debt Fund We Manage
- Individual Investors
- Family Offices
- Private Equity Funds
Alternative Capital Sources
- Own Funds
- Debt Fund We Manage
- Individual Investors
- Family Offices
- Single Capital Partner
- Private Equity Funds
Loan Structure for Majority of Loans
- Own Balance Sheet
Alternative Loan Structures
- Own Balance Sheet
Percentage of company’s lending business focused on private mortgage
100%
Percentage of Loans Secured by Commercial Property
10%
Percentage of Loans Secured by Residential Property
90%
Percentage of Residential Property Loans Which are Fix and Flip
100%
Percentage of Residential Property Loans Which are Ground-Up Construction
3%
Total Number of Loans Funded to Date
4000
Total Loan Volume Funded to Date
$500,000,000
2017 Number of Loans Funded
112
2017 Loan Volume Funded
$11,977,442
2018 Number of Loans Funded
243
2018 Loan Volume Funded
$44,210,949
2019 Number of Loans Funded
292
2019 Loan Volume Funded
$57,731,600
David Nielson
Director of Lending
AZ LO - 0943318
Kendra McWhirter
Vice President of Lending
AZ LO - 0948730
Andrew Bang
Vice President of Lending
AZ LO - 0950774
Our Minimum Loan Amount Is
$100,000
What We Do
- Fix & Flip Lending in AZ, CO, TX
- Residential & Multifamily Properties
- LTP & LTC Up to 85%
- 15%+ Cash Required for Total Costs
Not Available
- NO 100% Financing
- NO Owner-Occupied Homes
- NO Land Loans
- NO Rural Properties
Loan Request
Our Minimum Loan Amount Is
$100,000
What We Do
- Fix & Flip Lending in AZ, CO, TX
- Residential & Multifamily Properties
- LTP & LTC Up to 85%
- 15%+ Cash Required for Total Costs
Not Available
- NO 100% Financing
- NO Owner-Occupied Homes
- NO Land Loans
- NO Rural Properties