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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!
There are 39 lenders operating in Dayton, NV. The median amount for loans in the city is $284,584. The median interest rate for private loans in Dayton is 11.2%. 17 months is the median term for loans issued in this city. The average origination fee for the loans is 2.4 percent. Lenders typically offer a 76% LTV on hard money loans in Dayton.
Bob takes a private money bridge loan from Blue Mountain Investment Group in order to renovate a house to flip in Dayton, NV. The sales price of the house is $330,000. As the lender agrees to a 50% loan-to-value, Bob will need to put 50% down and the total amount of the loan will be $165,000. The loan is interest only, paid monthly, and is for 12 months at 14% interest with 1 points to be paid when the deal closes.
Bob will need to contribute a total of $32,400 up front to pay the $165,000 down payment in addition to the $1,650 origination fee. Blue Mountain Investment Group will collect $1,925 in monthly interest from the Bob. This is computed by taking the full loan value of $165,000, multiplying that by the 14% rate of interest, and then dividing that amount by 12. If Bob meets his goal of a $478,500 sales price when the loan term expires, he would earn a gross profit of $123,750 after re-paying the principle and deducting the money he paid at closing, the origination points, and the monthly interest payments.
Clara is a real estate investor in Dayton, NV. She purchases a run-down property for a renovation project and obtains a private money bridge loan from Number One Lending Group with the following features:
$240,000 purchase price
75% loan-to-value (LTV)
18 month term
10% rate of interest
1% origination fee
Based on a $300,000 sales price after the 18 month term, the final numbers for the project would look like the following:
$300,000 sales price
- $180,000 loan principle (75% LTV)
- $60,000 cash paid at closing (25% on 75% LTV)
- $1,800 origination fee (1% of the $180,000 principle)
- $27,000 total interest paid (18 months x 10% interest)
-----------------------
= $31,200 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!
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!
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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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