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!
Bridge Loans in Ragan, Nebraska
Ragan, NE has 33 private money lenders operating in the city. The mean loan made to borrowers is about $292,222. The mean rate for loans in Ragan is 9.5%. 21 months is the mean length for loans offered in the city. The average loan includes a 2.3 point origination cost. 72% is the mean loan-to-value offered for offered by lenders in Ragan.
Loan Example 1
Willa closes on a $180,000 renovation project in Ragan, NE, using a private money bridge loan from Rolling Brook Investment Group. The borrower will be required to fund 30% of the sales price in cash to the closing based on a 70% loan-to-value set by the lending company. This makes the principle amount from Rolling Brook Investment Group $126,000. The deal also consists of the following features: 1) a 18 month length, 2) a 11% interest-only note, and 3) a five percent origination charge.
Therefore, Willa will need to make a $54,000 down payment plus pay a $6,300 origination fee. The lender will collect $1,155 in monthly interest payments from the Willa. This is computed by taking the total note value of $126,000, multiplying by the 11% interest rate, and then dividing that amount by 12. At the end of the note, she sells the rehabed house for $261,000. After deducting the $20,790 in interest payments ($1,155 multiplied by 18 months), the $6,300 origination fee, the $126,000 principle amount on the note, and the $54,000 she contributed to the closing, she will make a total profit of $53,910 ($261,000 sales price minus $207,090 in total costs). This amount would then be reduced by any rehab costs paid by the borrow.
Loan Example 2
Karin locates a house in Ragan, NE to rehab and resell. Since she does not have enough cash to buy the property outright, she takes a private money bridge loan from Trust Lending Corporation with the following parameters:
a) A $190,000 purchase price, b) a 80% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 1% origination fee.
Based on a $228,000 sales price at the end of the 6 month term, the final numbers for this project would look like the following:
$228,000 sales price
- $152,000 loan principle (80% LTV)
- $38,000 down payment (20% on 80% LTV)
- $1,520 origination fee (1% of the $152,000 principle)
- $6,080 total interest paid (6 months x 8% interest)
-----------------------
= $30,400 total profit (does not include taxes or renovation costs)
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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Stratton Equities
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Anchor Loans
5230 Las Virgenes Rd, Suite 105
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Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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Patch Lending
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Secured Investment Lending
1485 International Parkway, Suite 1031
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Straightline Funding
250 N. Trade Street, Suite 209
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Gelt Financial
6401 Congress Ave, Suite 215
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T&M Commercial Funding
259 Minot Ave
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Rapid Commercial Loans
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Sunset Equity Funding
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Sharestates
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
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Peak Choice Capital
601 Silver Creek Drive
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Roc Capital
645 Madison Ave
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Primeau Funding
10575 N. 114th St. Suite 103
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Edward Voccola & Co
75 Arlington Street, Suite 500
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11 Capital Finance
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NLDS Corp
35 Trenton Ave
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Allied Commercial Funding
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Riverdale Funding
207 Mockingbird Ln, #402
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