Hilton Financial Corporation

Direct Hard Money Lender for Investment Real Estate

Hilton Financial Corporation (HFC) is a licensed hard money lender for non-owner occupied, business use real estate loans in 5 states: Arizona, Colorado, Hawaii, Ohio, Utah. We lend on a variety of deal types, including distressed sale acquisitions, fix & flip, spec construction, small subdivision development and others.

We specialize in entry-level and first-move-up projects. Easy qualifying with a stated income statement, verification of federal tax filing status (2 years or LOE), and credit check with no score requirement.

Property Geographic Area Details

Arizona, Colorado, Hawaii, Ohio, Utah

Loan Amounts

$10,000 to $700,000

Interest Rates

7% to 10%

Loan Terms

12 months to 35 months

Origination Fees

2% to 3%

Lien Position

1st

Collateral Types

Residential Property
Commercial Property

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Value Add Project
Development Project

Property Occupancy

Vacant
Tenant Occupied 100%
Owner Occupied Commercial

Construction loans are available for manufactured homes (affixture required). Loans for other alternative construction types are reviewed on a case-by-case basis.

Lot development, minor land divisions, small subdivisions, and other projects for horizontal development available.

The vast majority of our loans have no prepayment penalty.

Loans can be structured with no origination fee at higher interest rates, but will include a prepayment penalty of 1 month’s interest for the 1st 3 months from close of escrow — zero penalty thereafter.

Property Types

2-4 Units Residential
Assisted Living Facility
Bed and Breakfast
Commercial Condominium
Commercial Land
Condominium
Manufactured Home
Mobile Home Park
Multifamily
Office
Parking Lot
Portfolio of Commercial Properties
Portfolio of Residential Properties
Residential Land
Retail
Single Family Residence

Loan Types

Private Money
Hard Money
Residential Bridge
Residential Fix and Flip
Residential Rehab and Rent
Residential Ground-Up Construction
Commercial Property Value Add
Commercial Ground-Up Construction

Specialty Loan Types

Condo Conversion
Land Development
Note Purchase
Subdivisions

Description

Raw land loans available inside city limits of major MSA's at up to 50% LTV/LTC. Fully improved residential and commercial lots at up to 65% LTV, not to exceed 80% LTC. Legal and street access required.

Land Types Considered

Residential Land
Multifamily Land
Office Land
Retail Land

Will Consider Land That is NOT Entitled

Existing Land Improvements Required

Street Access

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

2nd liens and seller carrybacks are allowable at HFC's discretion.

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

Allowed Source of Borrower’s Equity

Own Cash
Partner
Equity in Subject Property
Equity in Another Investment Property
Family

LTC cap above is for stick-built SFR's. Call for caps on other property types or alternative construction types. No prior experience needed. Minimum contingency required at 5% of total build costs. Most of our renovation loans are fully funded at close of escrow. Draws are paid on a line-item, percentage of completion basis for work in place. 3rd party inspections are standard. Most draws are processed within 5-7 business days of complete draw submittal.

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

Maximum After Repair Value

69%

LTC cap above is for spec SFR construction on traditional build types. Call for caps on other property types or alternative construction types. No prior experience needed. Minimum contingency required at 5% of total build costs. Supervision by a licensed general contractor is required and build must utilize licensed sub contractors on certain trade lines. Most of our renovation loans are fully funded at close of escrow. Draws are paid on a line-item, percentage of completion basis for work in place. 3rd party inspections are standard. Most draws are processed within 5-7 business days of complete draw submittal. Construction completion loans require full indemnification.

Development Experience Required

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Site Visit Fee

HFC officers visit each property or hire a 3rd party inspection. Fees vary based on location.

Processing Fee

Typically $500.

Documents Fee

Typically $400.

Inspection Fee

Construction inspection fees vary based on location.

Credit Report Fee

No charge.

Extension Fee

1 point for 1 year extension.

Appraisal Fee

As quoted by 3rd party appraiser.

Environmental Report Fee

On commercial properties and case-by-case basis for horizontal development projects as quoted by 3rd party.

Renovation Construction Draw Fee

As quoted by 3rd party.

Minimum Origination Fee Amount

Other Fee

Construction Control Fee ranging from $250-$500 on most renovation and construction projects.

Fees which are mandatory for all new borrower clients

Site Visit Fee
Processing Fee
Documents Fee
Appraisal Fee
Inspection Fee
Escrow Fee
Title Fee
Renovation or Construction Funds Draw Fee
Other Fee

Fees which are paid to a third party company

Site Visit Fee
Appraisal Fee
Escrow Fee
Title Fee
Environmental Report Fee
Other Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Interest Reserve

Payment Structure Details

Monthly interest only payments are typical.

Pre Payment Penalty

Will lend to a foreign national

yes

Foreign national loans are allowable with a domestic entity.

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

Joint Ventures may be available for borrowers who perform reliably.

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Corporation
Self-Directed IRA

Documentation Required

Credit Report
Tax Returns
Financial Statements

Personal Guaranty (Recourse) Required

Sometimes
Personal guaranty may be required depending on property type and situation, but are not typical on most residential loans.

Credit Check Required

yes

Credit Check Description

No minimum score requirement. We check for items that would negatively impact a 1st lien position or exit strategy (e.g. open bankruptcy, lis pendens, active foreclosure, tax liens, etc.)

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Legal Disclaimer

Fees, rates, and other costs are subject to change without notice.

Additional Details

3rd party inspection fees may be charged outside of Arizona. A reassignment fee may be charged by title. Other fees may be charged depending on the particular project and will be quoted on a case-by-case basis.

Contact Hilton Financial Corporation

Hilton Financial Corporation pays us to be listed, so there is no fee to connect with them directly. Call them, send an email, or share your loan request.

602-375-XXXX

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Hilton Financial Corporation (HFC) is a licensed mortgage banker, specializing in originating private or hard money real estate loans.

The mission of HFC is to provide timely real estate loans for the acquisition, renovation, and/or development of real estate. These projects will primarily be located in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, and Utah.

The principals of HFC have been funding private money loans since 1980.

Over $1 billion funded since 1990.

License

AZ BK-1001945, UT MB 5491797, NMLS ID 143636

Company Size (Number of Employees)

Year Established

1990

Associations

Arizona Private Lenders Association - Member
Arizona Real Estate Investors Association - Business Associate

Office Locations

Hilton Financial Corporation
11024 N. 28th Drive, Suite 170, Phoenix, Arizona 85029

Primary Capital Source

Own Funds
Debt Fund We Manage
Individual Investors

Alternative Capital Sources

Debt Fund We Manage
Individual Investors
Bank Credit Line

Loan Structure for Majority of Loans

One Investor One Loan
LLC Syndicated Investors

Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

85%

Total Loan Volume Funded to Date

$1,000,000,000

Our Team

Jack W. Hilton

President

NMLS ID - 165825
AZ BK - 1001945
UT MB - 5491797

Sue Watford

Senior Vice President

Jack Hilton II

Loan Officer

NMLS - 1471011
AZ LO - 0935845

Contact Hilton Financial Corporation

Hilton Financial Corporation pays us to be listed, so there is no fee to connect with them directly. Call them, send an email, or share your loan request.

602-375-XXXX

Click to show phone number

Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

Contact This Lender

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602-375-XXXX

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