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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!
Crystal Bay, NV has 40 bridge lenders issuing loans in the city. In this city, the mean amount loaned is $414,063. Rates on hard money loans made to Crystal Bay borrowers average about 9.7%. The average length offered for notes is 17 months. The mean origination percentage added to loans is 2.6%. Lenders in Crystal Bay average a 71% loan to value (LTV) on their loans.
Gary takes a hard money bridge loan from North Star Investments in order to remodel a condo to flip in Crystal Bay, NV. The list price of the house is $230,000. The lender agrees to issue a note with a 55% loan to value (LTV) so they are willing to extend $126,500 on the project. The deal also consists of the following features: 1) a 12 month length, 2) a 13% interest-only note, and 3) a five point origination charge.
By the parameters of the deal, Gary will be required to pay a $6,325 origination fee in addition to 45% of the purchase price, or $103,500, since there is a 55% LTV. The monthly interest-only payments will then be $1,370 to North Star Investments. If Gary sells the rehabed house for $276,000 at the end of the 12 month term, his total profit (not accounting for renovation expenses) would be $23,230. This is computed by taking the purchase price ($276,000) and subtracting the principle ($126,500), the origination cost ($6,325), the funds he contributed to closing ($103,500), and the total interest payments ($16,445).
Angel locates a duplex in Crystal Bay, NV to remodel and sell. Because he does not have enough cash to buy the property outright, he takes a hard money bridge loan from Rehabbers Investment Group with the following parameters:
$160,000 purchase price
65% loan to value (LTV)
6 month term
12% interest rate
1% origination fee
Angel intends to list the property at the end of the term for $200,000. If he accomplishes his goal, the outcome would be as follows:
$200,000 sales price
- $104,000 principle on note (65% LTV)
- $56,000 down payment (35% on 65% LTV)
- $1,040 origination fee (1% of the $104,000 principle amount)
- $6,240 total interest paid (6 months x 12% interest)
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= $32,720 total profit (doesn't include taxes or renovation 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!
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 ...
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge 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. ...
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 ...
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 ...
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 ...
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 ...
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Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
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 ...
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 ...
Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new construction loans, ...
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 ...
Cherrywood Commercial is a Diamnond Bar, CA based private money lender who provides loans in 48 states throughout the United States. They provide lending solutions for many different situations, including short term bridge loans and commercial hard money loans. ...
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
Newmark Investment and Loan is a Private Money Lender based in Sparks, NV providing loans in Nevada. They provide lending solutions for many different scenarios, including fix and flip loans, construction loans, short term bridge loans, and commercial loans. Their ...
CIVIC Private Money Lending is a Redondo Beach, CA based hard money lender offering funding in 10 states throughout the country. They provide loans for a variety of scenarios, including private refinancing, fix and flip hard money loans, hard ...
RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
We lend to all different kinds of real estate investors, whether you are an expert or a novice. We provide funding for building from the ground up, fix-and-flip projects, and a range of single- and multi-family rental loans. Start your ...
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 ...
Headquartered in New York, NY, Roc Capital is a lender offering loans all across the United States. They offer fix-and-flip loans, private refinancing, bridge loans, and commercial loans. Their loan guidelines are flexible, including rates starting at 7.49% , loan ...
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. ...
Based in Roseville, CA, Greenbriar Holdings is a private lender offering funding in Sacramento and South Lake Tahoe. They offer private commercial loans, bridge loans, loans for investments properties, fix-and-flip hard money loans, and private refinancing. Their ...
Artemis Realty Capital is private money lender headquartered in Phoenix, AZ. They offer loans in Southern California. They provide loans for a variety of scenarios, including hard money loans for commercial properties, hard money refinancing, and ...
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
Liberty Financial is a private lender in La Mirada, CA providing loans in California, Washington, Oregon, Nevada, and Arizona. They provide private commercial loans, builder loans, fix-and-flip hard money loans, buy and hold loans, private refinancing, and ...
Socotra Capital is a private lender headquartered in Sacramento, CA providing loans throughout California and Nevada. They provide lending solutions for a variety of scenarios, including private refinancing, construction loans, commercial hard money loans, bridge loans, loans for investments ...
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Inca Capital is a Scottsdale, AZ based private lender who offers loans in Arizona, Colorado, California, and Nevada. They offer long term rental property loans, fix and flip hard money loans, short term loans, hard money loans for ...
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...
Emory Funding is an asset-based lender in Las Vegas, NV providing loans throughout Nevada. They offer fix and flip hard money loans, commercial loans, bridge loans, and refinancing. Their loan guidelines are flexible, including loans with ...
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