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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!
Coconut Creek, FL has 50 lenders operating in the city. The average note amount in this city is $334,844. The average rate for loans in Coconut Creek is 11.7%. 21 months is the average term for loans issued in the city. The average origination for the loans is 2.9 percent. Lenders offer on average a 72% LTV on hard money loans in Coconut Creek.
Shawn takes a hard money bridge loan from Mountain Rock Finance Company in order to rehab a townhome to flip in the Pine Tree Park neighborhood of Coconut Creek, FL. The list price of the house is $250,000. The lender agrees to make a note with a 60% loan-to-value (LTV) so they will loan $150,000 on the house. The parameters of the deal also stipulate a two point origination fee that will be paid at closing and a 6 month, interest-only note with a 10% rate of interest.
Shawn will have to contribute $100,000 at the closing (40% on the 60% LTV), plus he will pay the $3,000 origination fee. The lender will collect $1,250 in monthly interest payments from the borrower. This is calculated by taking the full loan value of $150,000, multiplying by the 10% rate of interest, and then dividing that number by 12. If Shawn sells the property for $312,500 after 6 months, he would then earn a gross profit of $52,000 after deducting the principle amount of $150,000, the funds paid at the close of $100,000, the origination fee of $3,000, and the total interest payments of $7,500. This profit does not include remodeling costs.
Blue Square Investment Corporation issues a private money bridge loan to Jaime for a rehab project in the Leisureville neighborhood of Coconut Creek, FL. The loan includes the following:
$320,000 sales price
50% loan-to-value (LTV)
12 month term
11% interest rate
5% origination fee
Assuming a $384,000 sales price at the end of the 12 month term, the numbers for the deal would look like the following:
$384,000 sales price
- $160,000 principle (50% LTV)
- $160,000 cash paid at closing (50% on 50% LTV)
- $8,000 origination fee (5% of the $160,000 principle)
- $17,600 total interest paid (12 months x 11% interest)
-----------------------
= $38,400 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!
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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(212) 634-7899 - Loan Fundr a premier Nationwide asset-based lender using technology to close loans fast. We think creatively, providing fair and transparent loans that get our clients what they need.
First Pro Capital Inc is a boutique firm based in Naples, FL providing alternative lending for businesses, commercial real estate, construction build, fix and flip, land and commercial multifamily. We request a minimum credit score of 680. Must have a ...
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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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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 ...
Capital Funding Financial is a family operated licensed private lender specializing in asset based investment properties nationwide.We close loans in 3-7 DAYS due to our NO Credit or Income Verification and NO Appraisal Requirement (BPO Instead)!We self fund our loans ...
New Silver is a fintech that provides fast financing to real estate investors who focus on fix and flip residential projects. New Silver’s software accelerates, automates and streamlines loan originations, while using data to reduce default risk. You can get ...
The Associates Home Loan of Florida is a Tampa, FL based private money lender. They offer funding in Florida. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, short term fix ...
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Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
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 ...
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
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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 ...
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 ...
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. ...
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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 ...
Based in Fort Lauderdale, FL, A to Z Capital is a private money lender providing funding throughout Florida. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, fix-and-flip loans, short term ...
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