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!
Bridge Loans in Dugway, Utah
Dugway, UT has 38 bridge lenders serving the city. Loan amounts average approximately $349,286. The mean rate for loans in Dugway is 11.8%. The typical length for notes is 17 months. The average points added to the loans is 3.3%. Lenders in Dugway average a 70% LTV on their loans.
Loan Example 1
Isaac closes on a $180,000 rehab project in Dugway, UT, using a bridge loan from Victory Investments. Since the lender sets a 50% loan-to-value, Isaac will need to put 50% down so the total amount of the note will be $90,000. The deal also has the following features: 1) a 12 month length, 2) a 12% interest-only note, and 3) a five point origination charge.
Isaac must bring a total of $32,400 up front to cover the $90,000 down payment plus the $4,500 origination fee. After the deal closes, he will pay Victory Investments $900 in monthly interest fees, or 12% multiplied by $90,000 divided by 12 months in the year. Isaac's plan is to finish the house within the 12 months and sell it for $252,000. If he succeeds he will earn a total profit of $56,700 ($252,000 price - $90,000 principle amount - $90,000 down payment - $4,500 origination points - $10,800 in total interest.
Loan Example 2
Kurt finds a townhouse in Dugway, UT to rehab and re-sell. Because he does not have enough cash to buy the property outright, he takes a hard money bridge loan from West Star Investment Corporation with the following parameters:
a) A $210,000 purchase price, b) a 65% loan to value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 1% origination fee.
Assuming a $294,000 sales price at the end of the 12 month term, the numbers for this deal would look like the following:
$294,000 sales price
- $136,500 principle on note (65% LTV)
- $73,500 cash paid at closing (35% on 65% LTV)
- $1,365 origination points (1% of the $136,500 principle amount)
- $19,110 total interest paid (12 months x 14% interest)
-----------------------
= $63,525 gross 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!
Temple View Capital
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Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
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Harbor Private Equity
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Atlanta, GA 30309
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T&M Commercial Funding
259 Minot Ave
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Hilton Financial Corporation
11024 N. 28th Drive Suite 170
Phoenix, AZ 85029
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
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Heartland Capital Group
15455 Dallas Parkway, suite 600
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
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Private Money Utah
349 E. 900 S. Suite 201
Salt Lake City, UT 84111
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Frisco, TX 75034
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Peak Choice Capital
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Stratton Equities
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4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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Roc Capital
645 Madison Ave
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Miami, FL 33145
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Lend Some Money
42 Thompson Street, Suite 1A
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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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Allied Commercial Funding
5737 Kanan Rd
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Actium Partners
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Unlimited Capital Group
2670 N. Main St, Suite 350B
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Payette Financial Services
202 N. 9th Street, Suite 300
Boise, ID 83702
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Artemis Realty Capital
2525 E. Camelback Rd., Suite 1050
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Broakmark Real Estate Management
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Wasatch Private Money
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Taylor Derrick Capital
357 W 200 S #200
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Capital Assets
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Murray, UT 84107
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Riverdale Funding
207 Mockingbird Ln, #402
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Resolve Funding
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NLDS Corp
35 Trenton Ave
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