Nebraska Bridge Loans
Nebraska has 24 lenders serving the state. The median note issued to borrowers is about $293,061. The median rate for private loans in Nebraska is 10.4%. 21 months is the median length for loans offered in the state. The average points added to the loans is 2.9%. Lenders in Nebraska average a 73% loan to value on their deals.
Loan Example 1
Francine is a real estate investor in Grand Island, NE. She finds an older property for sale and wants to renovate it and flip it for a profit. The property costs $250,000 but she doesn't have the full amount so she obtains a hard money bridge loan with River City Finance Corporation. The lender agrees to write a note with a 70% loan-to-value (LTV) so they will loan $175,000 on the project. The terms of the loan dictate a 11% note for 12 months. They also require a 3 point origination fee, which will also be paid at closing.
On top of the $5,250 origination fee, Francine will also need to fund $75,000 of the purchase with her own cash, or 30% of the sales price. After the loan closes, she will pay the lender $1,604 in monthly interest fees, or 11% multiplied times $175,000 divided by 12 months in the year. At the expiration of the note, she sells the rehabed property for $325,000. After deducting the $19,250 in total interest payments ($1,604 multiplied times 12 months), the $5,250 origination fee, the $175,000 principle on the note, and the $75,000 she contributed to closing, she will make a total profit of $50,500 ($325,000 sales price minus $274,500 in total costs). This profit would be reduced by any rehab costs paid out of pocket.
Loan Example 2
Ricky finds a property in North Platte, NE to remodel and re-sell. Since he does not have enough cash to buy the property outright, he takes a bridge loan from Green Fern Investment Company with the following parameters:
a) A $160,000 purchase price, b) a 50% loan to value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 3% origination fee.
Ricky intends to sell the project at the end of the term for $216,000. If he succeeds, the deal numbers would be as follows:
$216,000 sales price
- $80,000 principle on note (50% LTV)
- $80,000 down payment (50% on 50% LTV)
- $2,400 origination fee (3% of the $80,000 principle)
- $4,400 total interest paid (6 months x 11% interest)
-----------------------
= $49,200 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!
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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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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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. ...
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
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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Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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Peak Choice Capital
601 Silver Creek Drive
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Rapid Commercial Loans
6136 Frisco Square suite 433
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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Asset Avenue
1100 Glendon Ave, 18th Floor
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
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Riverdale Funding
207 Mockingbird Ln, #402
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NLDS Corp
35 Trenton Ave
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