With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Bridge Loans in Ethan, South Dakota
Ethan, SD has 14 private money lenders operating within the city. The mean loan made is around $412,500. The mean interest rate for private loans in Ethan is 11.5%. The median note issued in this city is for 20 months. The mean loan includes a 4.0 point origination charge. Lenders typically offer a 71% loan to value on deals in Ethan.
Loan Example 1
Della is a house flipper in Ethan, SD. She discovers a run-down property for sale and wants to remodel it and flip it for a profit. The property costs $150,000 but she doesn't have the full amount so she takes out a private money bridge loan with West Side Investments. The loan-to-value (LTV) on the deal is 75%. This means Della will have to bring 25% of the sales price to the closing and the principle amount will be $112,500 on the note. The loan also includes the following features: 1) a 12 month term, 2) a 14% interest only note, and 3) a two percent origination fee.
Therefore, Della will need to contribute a $37,500 down payment plus pay a $2,250 origination fee. West Side Investments will collect $1,313 in monthly interest from the Della. This is calculated by taking the full note value of $112,500, multiplying by the 14% interest rate, and then dividing that number by 12. Della's plan is to complete the rehab by the end of the 12 months and re-sell it for $180,000. If she succeeds she will make a profit of $12,000 ($180,000 price - $112,500 principle amount - $37,500 cash paid at closing - $2,250 origination fee - $15,750 in interest.
Loan Example 2
Gene finds a townhouse in Ethan, SD to renovate and resell. Because he does not have enough cash to buy the property outright, he takes a bridge loan from Credence Finance Company with the following parameters:
$170,000 purchase price
70% loan to value (LTV)
12 month term
11% interest rate
5% origination fee
Based on a $229,500 sales price at the end of the 12 month term, the numbers for the project would look like the following:
$229,500 sales price
- $119,000 principle (70% LTV)
- $51,000 cash paid at closing (30% on 70% LTV)
- $5,950 origination points (5% of the $119,000 principle amount)
- $13,090 total interest paid (12 months x 11% interest)
-----------------------
= $40,460 total profit (doesn't include taxes or renovation costs)
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, ...
"WE LEND YOU GROW" Xpress Loans 911 believes that your business should have ready access to working capital, just like big corporations do. So, we pair you with funders that focus on working with small and mid-sized businesses and are ...
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 ...
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 ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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 ...
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 ...
Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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
2475 Albany Ave #203B
West Hartford, CT 06117
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 ...
REI Capital
5660 Strand Court
Naples, FL 34110
REI Niche Programs - CA NO appraisal 1st position loans - 65% LTV; 2nd position loans - 60% CLTV, NO minimum FICO, Defaults, foreclosure bail-outs, and bankruptcies OK, 6 mo prepay, cross multiple properties, Rural lower LTVs on a case-by-case ...
Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
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
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
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
75 Arlington Street, Suite 500
Boston, MA 02116
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 ...
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. ...