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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%

Max Loan-To-Cost

85%

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

Borrower must have cash down payment. We do not allow gap funding or seller financing in lieu of cash.

Max Loan-To-Purchase Price

85%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

85%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

1

Maximum After Repair Value

70.00%

Details and Requirements

Typical Closing Time (Days)

3

Fastest Closing Time (Days)

1

Works 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

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will 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

Always

Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Fees

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 85210

Primary 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

License Information
AZ LO - 0943318

Kendra McWhirter

Vice President of Lending

License Information
AZ LO - 0948730

Andrew Bang

Vice President of Lending

License Information
AZ LO - 0950774
Before You Contact Us

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

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
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$
%

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
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how will the loan be paid off?

acres

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acres

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