Offering a better alternative to hard money, Navigator Private Capital, LLC (NavCap) has reimagined private real estate lending--making it accessible to real estate investors at all experience levels.
Bridge Loans in East Fairfield, Vermont
East Fairfield, VT has 26 hard money bridge lenders offering loans in the city. The mean note amount in this city is $343,572. Rates on loans issued to East Fairfield borrowers average about 10.3%. 24 months is the mean length for loans issued in the city. The average origination fee for loans is 2.3 percent. Lenders in East Fairfield average a 71% loan-to-value on their deals.
Loan Example 1
Flippers Lending issues a hard money bridge loan to Andrew for a rehab project in East Fairfield, VT, on a property that is listed for $250,000. As the lender sets a 75% loan-to-value, Andrew will need to put 25% down so the amount of the loan will be $187,500. The deal also has these features: 1) a 12 month length, 2) a 11% interest only note, and 3) a one percent origination fee.
Accordingly, the borrower will need to contribute a $62,500 down payment plus pay a $1,875 origination fee. After the deal is closed and Andrew takes the project, he will have to begin making monthly payments of $1,719 to Flippers Lending ($187,500 principle x 11% / 12 months). At the end of the note, he sells the renovated property for $362,500. After subtracting the $20,625 in interest expenses ($1,719 multiplied by 12 months), the $1,875 origination fee, the $187,500 principle amount on the note, and the $62,500 he brought to closing, he will make a total profit of $90,000 ($362,500 price minus $272,500 in total costs). This amount would be reduced by any rehab costs paid out of pocket.
Loan Example 2
Kyle finds a house in East Fairfield, VT to remodel and re-sell. Since he does not have enough cash to buy the property outright, he takes a bridge loan from Fortune Finance Corporation with the following parameters:
a) A $370,000 purchase price, b) a 75% loan to value (LTV), c) a 18 month term, d) a 11% interest rate, and e) a 4% origination fee.
Assuming a $481,000 sales price at the end of the 18 month term, the final numbers for this deal would look like the following:
$481,000 sales price
- $277,500 note principle (75% LTV)
- $92,500 down payment (25% on 75% LTV)
- $11,100 origination points (4% of the $277,500 principle)
- $45,788 total interest paid (18 months x 11% interest)
-----------------------
= $54,113 total profit (does not 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!
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!
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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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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Harbor Private Equity
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Atlanta, GA 30309
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 ...
Stormfield Capital
35 Old Post Road
Southport, CT 06890
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
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 ...
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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. ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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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Flip N Fast Loans
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
New York City, NY 10022
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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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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
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Wallace Capital
132 Lincoln Street, Suite 6L
Boston, MA 02111
Wallace Capital is private lender headquartered in Boston, MA. They offer funding in Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, and Maine. They provide lending solutions for a variety of situations and needs, including commercial loans, ...
Allied Commercial Funding
5737 Kanan Rd
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