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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!
A total of 38 search results for private money bridge lenders were found in Bondurant, WY. Note amounts average around $296,000. Interest rates for loans average about 10.4%. The typical term offered for loans is 21 months. The average hard money loan made in the city carries a 4.2 point origination charge. Lenders in Bondurant average a 79% LTV on their loans.
Johnson Investments makes a private money bridge loan to Brandon for a renovation project in Bondurant, WY, on a property that costs $360,000. The borrower will need to contribute 30% of the purchase price in cash to closing based on a 70% loan to value set by the lending company. This makes the loan principle from Johnson Investments $252,000. The interest rate on the note is 12% for a length of 12 months and the company requires a one point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be returned after the sale of the property.
Brandon will need to bring $108,000 at the closing (30% on the 70% LTV), plus he will pay the $2,520 origination fee. The monthly interest-only payments will then total $2,520 to the lender. If Brandon sells the property for $522,000 after 12 months, he would then make a gross profit of $129,240 after subtracting the principle of $252,000, the cash contributed at the close of $108,000, the origination points of $2,520, and the aggregate interest payments of $30,240. This amount does not account for remodeling costs.
Patty locates a house in Bondurant, WY to rehab and re-sell. Because she does not have enough cash to buy the property outright, she takes a private money bridge loan from Famous Lending Company with the following parameters:
$200,000 purchase price
50% loan to value (LTV)
6 month term
14% rate of interest
1% origination fee
Assuming a $290,000 sales price after the 6 month term, the outcome for the project would look like this:
$290,000 sales price
- $100,000 principle on note (50% LTV)
- $100,000 cash paid at closing (50% on 50% LTV)
- $1,000 origination fee (1% of the $100,000 principle)
- $7,000 interest payments (6 months x 14% interest)
-----------------------
= $82,000 total profit (does not include taxes or rehab costs)
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!
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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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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. ...
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LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
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 ...
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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 ...
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Velocity Mortgage Capital is a wholesale, nationwide lender for asset-based, investment real estate, lending since 2004. We never look at the tax returns or personal income statements of our borrowers. Instead, our focus is the income producing potential of the ...
Gokapital, Inc. is a Miami, FL based private lender who provides funding all throughout the US.Providing lending solutions for a variety of situations, including loans for rental properties, cash out, hard money loans, fix-and-flip loans, hard money loans for commercial ...
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 is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
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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Broakmark Real Estate Management is a Denver, CO based private money lender who provides loans in Arizona, Texas, Colorado, Wyoming, and Utah. They provide lending solutions for many different needs and situations, including cash out hard money loans, ...
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Resolve Funding is a Boulder, CO based private lender who provides funding in 18 states across the US. They offer hard money bridge loans, fix-and-flip hard money loans, cash out loans, and commercial loans. Their lending guidelines ...
Alternative Financial Services is a Spokane, WA based private lender providing funding throughout Washington, Idaho, Wyoming, and Arizona. They offer loans for many different situations, including fix-and-flip loans, short term bridge loans, construction loans, and private commercial ...
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