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Bridge Loans in Amenia, North Dakota
A total of 18 results for hard money bridge lenders were found in Amenia, ND. The median loan issued to borrowers is around $325,000. The median rate for private loans in Amenia is 11.3%. 19 months is the median term for loans issued in this city. The average loan offered in this city includes a 3.7 point origination fee. The average loan to value offered for loans in Amenia is 74%.
Loan Example 1
Velma closes on a $250,000 rehab project in Amenia, ND, using a private money bridge loan from Success Finance Company. The loan to value (LTV) on the loan is 55%. This means that Velma will have to bring 45% of the sales price to closing and the principle will be $137,500 on the deal. The rate on the loan is 12% for a length of 6 months and the company requires a four point origination fee at closing. The interest is to be paid on a monthly basis and the principle will be repaid after the property sells.
On top of the $5,500 origination fee, Velma will also fund $112,500 of the purchase with her own funds, or 45% of the sales price. Once the deal is closed and Velma takes on the project, she will need to begin making payments each month of $1,375 to the lender ($137,500 principle x 12% / 12 months). Assuming she sells the renovated project for $337,500 at the end of the 6 month term, her gross profit (not including renovation costs) would be $73,750. This is computed by taking the sales price ($337,500) and subtracting the principle ($137,500), the origination fee ($5,500), the cash she contributed to closing ($112,500), and the total interest payments ($8,250).
Loan Example 2
West Star Finance Corporation makes a bridge loan to Rhonda for a rehab project in Amenia, ND. The deal dictates the following:
a) A $390,000 purchase price, b) a 50% loan to value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 1% origination fee.
Assuming a $526,500 sales price after the 6 month term, the numbers for this deal would look like this:
$526,500 sales price
- $195,000 principle (50% LTV)
- $195,000 cash paid at closing (50% on 50% LTV)
- $1,950 origination fee (1% of the $195,000 principle)
- $10,725 total interest paid (6 months x 11% interest)
-----------------------
= $123,825 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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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
2 Allegheny Center, Nova Tower 2, Suite 200
Pittsburgh, PA 15212
With more than $21B 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 ...
Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
Patch Lending (formally Patch of Land) is a national private lender offering real estate investors fast and reliable financing for investment properties. Patch offer short-term single-family and multi-family bridge, fix & flip, ground-up construction, and long-term rental property financing. They ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
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Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
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 ...
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 ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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REI Capital
5660 Strand Court
Naples, FL 34110
Direct Lender Programs - Purchase, Refi, Cash Out, Rehab, Construction, Property Types SFR, 2-4's, Residential Portfolios, Loan Amounts from 250k to 3.5m, Nationwide excluding MN, ND, OR, SD, VT, NV, AZ & UT. -------- All Inclusive Lending Additional Programs ...
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
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
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