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!
Bridge Loans in Conway, Arkansas
Conway, AR has 36 private money bridge lenders operating in the city. Loan amounts average approximately $294,445. Interest rates for hard money loans average 11.0%. The mean note issued in this city is for 20 months. The average hard money loan made in this city includes a 2.3 point origination cost. Lenders typically offer a 74% loan to value (LTV) on hard money loans in Conway.
Loan Example 1
Terrence takes a hard money bridge loan from City Investments in order to renovate a townhouse to resale in Conway, AR. The price of the property is $300,000. The lender agrees to write a loan with a 80% loan to value (LTV) so they are willing to loan $240,000 on the house. The rate on the loan is 9% for a length of 18 months and the lender requires a three point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle amount will be repaid after the property sells.
Terrence will have to fund a total of $32,400 upon closing to cover the $60,000 down payment in addition to the $7,200 origination fee. Once the deal is closed and Terrence takes over the project, he will have to begin making monthly payments of $1,800 to the lender ($240,000 principle x 9% / 12 months). If Terrence sells the house for $435,000 after 18 months, he would realize a gross profit of $95,400 after subtracting the principle of $240,000, the cash paid at closing of $60,000, the origination points of $7,200, and the total interest payments of $32,400. This gross profit doesn't include rehab costs.
Loan Example 2
Kathy is a real estate investor in Conway, AR. She finds an older property for a remodeling project and takes out a hard money bridge loan from Big City Lending Corporation with the following terms:
$400,000 sales price
60% loan to value (LTV)
12 month term
9% rate of interest
2% origination fee
Once the rehab project is complete, if Kathy sells the property for $520,000, the numbers would be as follows:
$520,000 sales price
- $240,000 loan principle (60% LTV)
- $160,000 cash paid at closing (40% on 60% LTV)
- $4,800 origination fee (2% of the $240,000 principle amount)
- $21,600 total interest paid (12 months x 9% interest)
-----------------------
= $93,600 total profit (does not include taxes or rehab costs)
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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
7550 Wisconsin Ave. 10th Floor
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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. ...
Kiavi
2 Allegheny Center, Nova Tower 2, Suite 200
Pittsburgh, PA 15212
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 ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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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
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 ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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 ...
Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
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 ...
LOAN FUNDr
34 South Broadway, Suite 204
White Plains, NY 10601
(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.
LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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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Rapid Commercial Loans
6136 Frisco Square suite 433
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Peak Choice Capital
601 Silver Creek Drive
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Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
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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Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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Velocity Mortgage Capital
11241 Willows Rd NE, Suite 120, Bldg C
Redmond, WA 98052
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Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
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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
Scottsale, AZ 85259
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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
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Allied Commercial Funding
5737 Kanan Rd
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Turning Point Capital
5409 Washington Street
Downers Grove, IL 60515
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Riverdale Funding
207 Mockingbird Ln, #402
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