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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!
Colleyville, TX has 50 hard money lenders serving the city. The median loan amount is $282,500. Rates on loans made to Colleyville investors average 11.2%. 18 months is the median term for notes issued in this city. A typical loan issued in this city includes a 3.0 percent origination charge. Lenders typically offer a 72% loan-to-value (LTV) on deals in Colleyville.
Javier closes on a $400,000 renovation project in Colleyville, TX, using a private money bridge loan from Red Oak Funding. The lender agrees to issue a note with a 70% loan to value (LTV) so they are willing to extend $280,000 on the project. The parameters of the loan dictate a 11% note for 18 months. They also stipulate a 1 point origination fee, which will also be paid at closing.
On top of the $2,800 origination fee, Javier will also fund $120,000 of the purchase with his own money, or 30% of the sales price. he must then pay $2,567 monthly to Red Oak Funding. At the expiration of the note, he sells the rehabed house for $500,000. After subtracting the $46,200 in total interest payments ($2,567 multiplied by 18 months), the $2,800 origination fee, the $280,000 principle on the note, and the $120,000 he contributed to the closing, he will make a total profit of $51,000 ($500,000 price minus $449,000 in total costs). This amount would then be reduced by any rehab costs paid by the borrow.
Cleo locates a townhouse in Colleyville, TX to renovate and sell. Since she does not have enough cash to buy the property outright, she takes a hard money bridge loan from XYZ Finance with the following parameters:
$220,000 purchase price
70% loan to value (LTV)
6 month term
14% rate of interest
5% origination fee
Cleo intends to list the project when the note expires for $308,000. If she succeeds, the final numbers will be the following:
$308,000 sales price
- $154,000 note principle (70% LTV)
- $66,000 cash paid at closing (30% on 70% LTV)
- $7,700 origination fee (5% of the $154,000 principle amount)
- $10,780 interest payments (6 months x 14% interest)
-----------------------
= $69,520 gross 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!
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!
The ORIGINAL LENDER of NOT requiring any of the below: NO Application, tax returns, credit check, appraisals, pre-inspection, prepay penalty, upfront fees, survey, bank statements or employment!
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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 ...
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Lantzman Lending is a San Diego, CA based hard money lender. They provide loans in Arizona, California, Nevada and Texas. They offer fix and flip hard money loans, rental property loans, hard money loans for commercial properties, refinancing, new construction ...
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Residential Capital Partners is hard money lender based in Dallas, TX. They offer funding in North Carolina, South Carolina, New Jersey, New York, Connecticut, Pennsylvania, and Texas. They offer lending solutions for many different needs and ...
Straightline Funding is direct hard money lender that provides loans in many larger metro areas throughout the US. We specialize in 1-4 family loans for investors. Our loan menu consists of:R2R (Residential For Rent): 30 Year fixed rate loans for ...
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
Synergy Financial Partners is a Chatsworth, CA based hard money lender who offers funding throughout California, Nevada, and Texas. They provide loans for a variety of scenarios, including hard money loans for commercial properties, fix-and-flip loans, ground-up construction ...
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 ...
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 ...
Hill Country Capital's evolution was driven by the belief that there was an underserved Non-Prime market here in Central Texas. Launching in 2018, with nearly 20 years of experience in all aspects of real estate lending and construction, the market ...
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 ...
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. ...
The ORIGINAL LENDER of NOT requiring any of the below: - NO Application - NO Tax Returns- NO Credit Check - NO Appraisals - NO Pre-Inspection - NO Prepay Penalty - NO Upfront Fee - NO Survey - NO Bank ...
First Funding is a Bedford, TX based private lender who provides funding throughout Texas. They provide fix and flip hard money loans, hard money bridge loans, loans for investments properties, cash out loans, and hard money loans for ...
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
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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 ...
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Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, & Utah.They offer loans for a variety of situations, including fix-and-flip, fix-and lease, spec construction, and manufactured home set up ...
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