With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Bridge Loans in Adolph, Minnesota
Adolph, MN has 28 bridge lenders operating in the city. The median note amount in this city is $297,917. Interest rates for loans average about 10.7%. The average note issued in the city has a term of 22 months. A typical hard money loan offered in this city carries a 2.6 point origination charge. 71% is the typical loan-to-value for for loans in Adolph.
Loan Example 1
Felix is an investor in Adolph, MN. He locates a run-down property for sale and decides to remodel it and sell it for a profit. The property has a cost of $220,000 but he doesn't have the full amount so he obtains a bridge loan with South End Investment Company. The loan-to-value (LTV) on the loan is 60%. This means that Felix will need to bring 40% of the purchase price to closing and the principle will be $132,000 on the deal. The loan also has these features: 1) a 18 month term, 2) a 11% interest only note, and 3) a four point origination fee.
Felix will need to fund a total of $32,400 upon closing to cover the $88,000 down payment plus the $5,280 origination fee. After the loan closes, he will need to pay South End Investment Company $1,210 in monthly interest fees, or 11% multiplied times $132,000 divided by 12 months in the year. If Felix sells the house for $330,000 after 18 months, he would realize a total profit of $82,940 after deducting the principle amount of $132,000, the cash paid at closing of $88,000, the origination points of $5,280, and the aggregate interest payments of $21,780. This amount doesn't account for rehab costs.
Loan Example 2
Melba is a an investor in Adolph, MN. She locates an older house for a remodeling project and obtains a private money bridge loan from Easy Brook Lending Group with the following terms:
a) A $240,000 purchase price, b) a 65% loan to value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 3% origination fee.
Based on a $360,000 sales price at the end of the 18 month term, the final numbers for the project would look like this:
$360,000 sales price
- $156,000 principle (65% LTV)
- $84,000 down payment (35% on 65% LTV)
- $4,680 origination points (3% of the $156,000 principle)
- $32,760 interest payments (18 months x 14% interest)
-----------------------
= $82,560 gross profit (does not include taxes or renovation costs)
Offering Fix and Flip, Bridge, and DSCR loans. With same day approvals, 3-5 day close time, and lending in 47 states, Park Place Finance will get your next deal funded fast!
Temple View Capital
7550 Wisconsin Ave. 10th Floor
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Temple View Capital is a private lender headquartered in Bethesda, MD. They provide loans in 46 states throughout the US. They provide short-term and long-term fix and flip loans, loans for rental properties, bridge loans, and ground-up new construction loans ...
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
Kiavi
575 Market Street
San Francisco, CA 94105
With more than $20B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
New Silver is a fintech that provides fast financing to real estate investors who focus on fix and flip residential projects. New Silver’s software accelerates, automates and streamlines loan originations, while using data to reduce default risk. You can get ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...
TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Pine Financial Group
10200 W. 44th Ave Suite 220
Wheat Ridge, CO 80033
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
Cherrywood Commercial is a Diamnond Bar, CA based private money lender who provides loans in 48 states throughout the United States. They provide lending solutions for many different situations, including short term bridge loans and commercial hard money loans. ...
Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
We lend to all different kinds of real estate investors, whether you are an expert or a novice. We provide funding for building from the ground up, fix-and-flip projects, and a range of single- and multi-family rental loans. Start your ...
Roc Capital
645 Madison Ave
New York City, NY 10022
Headquartered in New York, NY, Roc Capital is a lender offering loans all across the United States. They offer fix-and-flip loans, private refinancing, bridge loans, and commercial loans. Their loan guidelines are flexible, including rates starting at 7.49% , loan ...
Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
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Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
Lend Some Money is a national private lender that makes hard money commercial loans for the refinance or purchase of non-owner-occupied residential and mixed-use commercial properties. Its industry-leading technology platform allows it to provide real estate investors and brokers ...
Primeau Funding
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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Edward Voccola & Co
75 Arlington Street, Suite 500
Boston, MA 02116
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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YC Funding
1010 NE 2nd Ave
Miami Beach, FL 33132
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Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...
Source Capital
445 S. Figueroa Street, Suite 3199
Los Angeles, CA 90071
Source Capital is an asset-based lender headquartered in Los Angeles, CA offering loans in California, Arizona, and Minnesota. They provide loans for a variety of situations and needs, including bridge loans, fix-and-flip loans, hard money refinancing, and ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
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