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 St Donatus, Iowa
Saint Donatus, IA has 31 bridge lenders operating within the city. The mean loan made is approximately $300,556. The mean rate for private loans in Saint Donatus is 10.4%. The typical term for notes is 21 months. A typical hard money loan offered in the city includes a 3.0 point origination charge. 74% is the typical LTV for offered by lenders in Saint Donatus.
Loan Example 1
Andy closes on a $160,000 rehab project in Saint Donatus, IA, using a hard money bridge loan from Brown Investment Corporation. The loan-to-value (LTV) on the loan is 85%. This means Andy will bring 15% of the sales price to closing and the principle amount will be $136,000 on the deal. The loan is interest only, with monthly payments, and is for 18 months at 13% interest with 2 points paid at the closing.
On top of the $2,720 origination fee, Andy will also have to fund $24,000 of the purchase with his own money, or 15% of the sales price. After the loan is executed and Andy takes on the property, he will begin making monthly payments of $1,473 to the lender ($136,000 principle x 13% / 12 months). If Andy sells the rehabed project for $224,000 at the end of the 18 month term, his total profit (not accounting for rehab costs) would be $34,760. This is computed by taking the sales price ($224,000) and subtracting the original principle ($136,000), the origination fee ($2,720), the money he brought to closing ($24,000), and the total interest payments ($26,520).
Loan Example 2
Joann takes out a private money bridge loan from Big City Finance Group so she can rehab a property to re-sell in Saint Donatus, IA. The loan has the following parameters:
a) A $340,000 sales price, b) a 80% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 2% origination fee.
If Joann achieves her goal of a $459,000 sales price, the final numbers of the project would be the following:
$459,000 sales price
- $272,000 loan principle (80% LTV)
- $68,000 cash paid at closing (20% on 80% LTV)
- $5,440 origination fee (2% of the $272,000 principle)
- $24,480 total interest paid (12 months x 9% interest)
-----------------------
= $89,080 gross profit (doesn't include taxes or rehab costs)
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Temple View Capital
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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. ...
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
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Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
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Secured Investment Lending
1485 International Parkway, Suite 1031
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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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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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 ...
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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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Rapid Commercial Loans
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Frisco, TX 75034
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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Roc Capital
645 Madison Ave
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Gokapital Mortgage
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Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
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Primeau Funding
10575 N. 114th St. Suite 103
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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. ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Allied Commercial Funding
5737 Kanan Rd
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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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