
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Colorado City, CO has 50 hard money lenders operating in the city. The mean amount loaned is $319,643. Interest rates for hard money loans average 12.1%. The typical loan made in the city has a length of 18 months. The average origination fee for the loans is 2.6 percent. Lenders typically offer a 73% loan to value on hard money loans in Colorado City.
Ernest is a house flipper in Colorado City, CO. He discovers an older property and wants to renovate it and flip it for a profit. The house has a cost of $370,000 but he doesn't have the full amount so he obtains a private money bridge loan with Advanced Finance Corporation. Because the lender sets a 80% loan-to-value, Ernest will have to put 20% down and the amount of the loan will be $296,000. The deal also has the following features: 1) a 12 month length, 2) a 14% interest only note, and 3) a one point origination fee.
According to the terms of the note, Ernest will be required to contribute a $2,960 origination fee plus 20% of the sales price, or $74,000, since there is a 80% LTV. he will then pay $3,453 per month to Advanced Finance Corporation. Ernest's intention is to finish the rehab by the end of the 12 months and sell it for $444,000. If he succeeds he will earn a profit of $29,600 ($444,000 sales price - $296,000 principle - $74,000 funds brough to closing - $2,960 origination fee - $41,440 in interest.
Danny takes out a private money bridge loan from All Star Lending Corporation in order to remodel a house to resell in Colorado City, CO. The deal has the following terms:
a) A $330,000 sales price, b) a 60% loan to value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 3% origination fee.
Based on a $462,000 sales price after the 18 month term, the outcome for this deal would look like this:
$462,000 sales price
- $198,000 principle on note (60% LTV)
- $132,000 cash paid at closing (40% on 60% LTV)
- $5,940 origination points (3% of the $198,000 principle amount)
- $38,610 total interest paid (18 months x 13% interest)
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= $87,450 gross profit (doesn't 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!
We are personally invested in every loan. We deliver easy transactions that are competitively priced and swiftly executed.
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 Investor’s Source is a Loveland, CO based hard money lender. We are Colorado and Wyoming's premier hard money lender - specializing in low money-down deals. Up to 100% of PP and rehab. We lend throughout CO & WY, work ...
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Sherman Bridge Lending is a hard money lender headquartered in Irving, TX.They current lend in the following states: AL, CA, CO, FL, GA, KS, KY, MD, MO, NJ, NC, OH, OK, PA, SC, TN, TX, VA, WI and the District ...
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 ...
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
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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 Boulder, CO, Aloha Capital is an asset-based lender offering funding in Washington DC, Maryland, Virginia, and Colorado. They offer loans for many different needs and situations, including long term rental property loans, hard money bridge loans, ...
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