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 Montpelier, Vermont
East Montpelier, VT has 26 private money bridge lenders offering loans within the city. The average note made to borrowers is about $338,125. Interest rates on private loans issued to East Montpelier borrowers average about 9.9%. The average loan made in this city has a length of 23 months. The average hard money loan made in the city includes a 2.3 point origination cost. The average LTV for loans in East Montpelier is 69%.
Loan Example 1
Elmer takes a private money bridge loan from Frontera Investment Company in order to rehab a house to resale in East Montpelier, VT. The price of the house is $220,000. The lender agrees to make a note with a 80% loan to value (LTV) so they will extend $176,000 on the house. The rate on the note is 8% for a length of 6 months and the lender requires a three point origination fee at the closing. The interest is to be paid on a monthly basis and the principle will be returned after the sale of the property.
Therefore, the borrower will need to make a $44,000 down payment in addition to paying a $5,280 origination fee. The monthly interest-only payments will then total $1,173 to Frontera Investment Company. If Elmer achieves his goal of a $264,000 total sales price when the loan term expires, he would pocket a total profit of $31,680 after repaying the principle amount and subtracting the money he contributed at closing, the origination fee, and the total monthly interest payments.
Loan Example 2
William takes a private money bridge loan from Flippers Finance Company in order to rehab a property to re-sell in East Montpelier, VT. The loan has the following terms:
$250,000 purchase price
60% loan-to-value (LTV)
12 month term
14% rate of interest
3% origination fee
Once the renovation project is finished, if William sells the property for $350,000, the final numbers would be the following:
$350,000 sales price
- $150,000 principle on note (60% LTV)
- $100,000 down payment (40% on 60% LTV)
- $4,500 origination points (3% of the $150,000 principle amount)
- $21,000 interest payments (12 months x 14% interest)
-----------------------
= $74,500 gross profit (doesn't include taxes or rehab 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!
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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 ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
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 ...
T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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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
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. ...
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 ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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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
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
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
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. ...
Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial ...
Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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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, ...
Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
Private Capital USA is a Ronkonkoma, NY based private money lender who offers funding in 10 states across the country. They provide hard money loans for commercial properties, hard money bridge loans, and fix-and-flip loans. Their lending ...
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