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With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
There are 50 search results for hard money bridge lenders operating in Amityville, NY. The median loan amount in this city is $507,084. Rates for loans average around 10.3%. The typical loan issued in this city is for 18 months. The average origination percentage added to the loans is 2.5%. Lenders in Amityville average a 72% loan to value on their deals.
Lourdes takes a private money bridge loan from Investors Funding Company in order to rehab a house to resale in the North Amityville subdivision of Amityville, NY. The list price of the property is $400,000. The borrower will have to fund 50% of the sales price in cash to closing based on a 50% loan-to-value set by the lender. This makes the principle amount from Investors Funding Company $200,000. The parameters of the deal also include a one point origination fee which will be paid at closing and a 12 month, interest-only note with a 8% rate of interest.
Therefore, the borrower will have to contribute a $200,000 down payment plus pay a $2,000 origination fee. Once the loan is closed and Lourdes takes the property, she will have to begin making monthly payments of $1,333 to Investors Funding Company ($200,000 principle x 8% / 12 months). If Lourdes sells the property for $480,000 after 12 months, she would then earn a gross profit of $62,000 after deducting the principle of $200,000, the money paid at closing of $200,000, the origination fee of $2,000, and the total interest payments of $16,000. This gross profit doesn't account for rehab costs.
Number One Investments issues a private money bridge loan to Marvin for a remodeling project in the North Amityville area of Amityville, NY. The loan dictates the following:
$200,000 sales price
80% loan-to-value (LTV)
18 month term
10% rate of interest
1% origination fee
Based on a $280,000 sales price after the 18 month term, the numbers for this project would look like this:
$280,000 sales price
- $160,000 principle (80% LTV)
- $40,000 down payment (20% on 80% LTV)
- $1,600 origination points (1% of the $160,000 principle)
- $24,000 interest payments (18 months x 10% interest)
-----------------------
= $54,400 gross profit (doesn't include taxes or rehab costs)
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
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 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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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 ...
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 ...
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
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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 ...
Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...
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Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Layla Capital is a direct lender based in Boca Raton, FL (formerly New York City) that specializes in small to middle market debt opportunities in primary and secondary markets nationwide, with a greater focus on the East Coast and Midwest. ...
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. ...
Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get ...
Navesink River Capital is an asset-based lender in Freehold, NJ providing funding throughout New Jersey and New York. They provide lending solutions for a variety of scenarios, including short term loans, fix and flip loans, and commercial hard ...
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Based in Rochelle Park, NJ, Century Capital Finance is a private lender providing loans in New Jersey and New York. They provide hard money bridge loans, hard money construction loans, hard money loans for commercial properties, and fix-and-flip ...
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Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
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Dimension Equities is a New York, NY based private money lender who provides funding throughout New York City. They provide fix and flip loans, commercial loans, loans for rental properties, short term loans, and cash out loans. ...
Continental Finance Corporation is private lender headquartered in New York, NY. They offer funding in New York City. They provide lending solutions for many different situations and needs, including new construction loans, loans for rental properties, commercial ...
Parapet Capital is a New York, NY based hard money lender. They provide loans in New York City. They offer short term loans, fix and flip loans, and rental property loans. They issue terms up ...
Excel Realty Capital is a New York, NY based private lender. They offer funding in New York City. They offer loans for a variety of scenarios, including hard money construction loans, short term loans, cash out loans, fix-and-flip ...
Avant Capital Partners is a New York, NY based private money lender who provides loans throughout Chicago, Washington DC, and Boston. They offer hard money bridge loans and commercial hard money loans. Their loan parameters are versatile, ...
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BD Capital is a Watchung, NJ based hard money lender who provides funding throughout the following locations: Essex County, Hudson County, Middlesex County, Monmouth County, Ocean County, Atlantic County, Cape May County, Kings County, Westchester County, Queens County, Nassau County, ...
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