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%

Max Loan-To-Value

69.00%

Max Loan-To-Cost

90.00%

Origination Fees

2% to 3%

Loan Terms

12 months to 35 months

Lien Position

  • 1st

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

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

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
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Specialty Loan Types

  • Land Development
  • Condo Conversion
  • Note Purchase
  • Subdivisions

Land Loan

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

no

Existing Land Improvements Required

  • Street Access

Max LTV for Land

50.00%

Max LTC for Land Acquisition

50.00%

Purchase Loan

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

Max Loan-To-Purchase Price

80.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

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

Rehab Value Add Loan

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

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

69.00%

Construction Loan

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

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

90.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

1

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Payment Structure Details

Monthly interest only payments are typical.

Pre Payment Penalty

no

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

Fees

Site Visit Fee

$100.00 to $400.00

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

Processing Fee

Typically $500.

Documents Fee

Typically $400.

Funding Fee

Origination fees range from 2-3 points.

Inspection Fee

Construction inspection fees vary based on location.

Escrow Fee

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

$2

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 charged upfront prior to loan closing

  • Appraisal Fee
  • Environmental Report 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

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.

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, 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)

5

Year Established

1990

Associations

  • Arizona Private Lenders Association - Member, President
  • Arizona Real Estate Investors Association - Business Associate

Office Locations

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

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Debt Fund We Manage
  • Individual Investors
  • Bank Credit Line

Loan Structure for Majority of Loans

  • One Investor One Loan

Alternative Loan Structures

  • Table Funding with Capital Partner
  • LLC Syndicated Investors

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

85%

Percentage of Residential Property Loans Which are Fix and Flip

42%

Percentage of Residential Property Loans Which are Buy and Hold

15%

Percentage of Loans Secured by Land

5%

Percentage of Commercial Property Loans Which are Ground-Up Construction

50%

Percentage of Residential Property Loans Which are Ground-Up Construction

43%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

1%

Total Loan Volume Funded to Date

$1,000,000,000

Jack W. Hilton

President

Mr. Hilton is the Chairman and President of Hilton Financial Corporation. He has funded over $1 billion of private money loans since 1990. Mr. Hilton is also the Chairman and a Director of Metro Phoenix Bank. He is the Designated Broker for Hilton Realty Corporation, and Chairman and President of Phoenix MGP, Inc., which serves as the General Partner and/or Manager of numerous entities.

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

Sue Watford

Senior Vice President

Jack Hilton II

Loan Officer

Lending with HFC since 2000, Jack II has a background in renovating fix and flips, spec construction, & rental operations. He has a bachelor's degree from Arizona State University.

License Information
NMLS - 1471011
AZ LO - 0935845
Before You Contact Us

Our Minimum Loan Amount Is

$10,000

What We Do

  • Investment Properties in AZ, CO, HI, OH, UT
  • LTV & LTARV up to 69%
  • 20%+ Cash Required for Flip Purchase
  • Land LTV/LTC up to 50%
  • Seller Carrybacks Allowed for Purchase

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Loans Over $700,000
  • NO 2nd Mortgages
  • 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.)

$
$
$
$
$
$
$
%

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

$
%
$
$
%

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

$
$
$
$
$
$
$
%

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

$
%
$
$

how will the loan be paid off?

acres

Add links to photos here.

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1
Add
1
acres

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1
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Add

Add links to documents, photos, etc.

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Before You Contact Us

Our Minimum Loan Amount Is

$10,000

What We Do

  • Investment Properties in AZ, CO, HI, OH, UT
  • LTV & LTARV up to 69%
  • 20%+ Cash Required for Flip Purchase
  • Land LTV/LTC up to 50%
  • Seller Carrybacks Allowed for Purchase

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Loans Over $700,000
  • NO 2nd Mortgages
  • NO Rural Properties