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Fort Wainwright, AK has 27 private money lenders operating in the city. The average loan amount in the city is $287,500. Rates for hard money loans average around 11.2%. 20 months is the average length for loans offered in this city. The average hard money loan issued in the city includes a 2.6 point origination fee. 73% is the average LTV offered for for loans in Fort Wainwright.
Casey is a house flipper in Fort Wainwright, AK. He locates a run-down property and wants to renovate it and flip it for a profit. The house costs $150,000 but he doesn't have the full amount so he obtains a bridge loan with Green Fern Funding. The borrower will need to fund 45% of the sales price in cash to closing based on a 55% loan to value stipulated by the lending company. This makes the principle amount from Green Fern Funding $82,500. The terms of the loan also stipulate a two point origination fee which is to be paid at closing and a 18 month, interest-only note with a 14% rate of interest.
Casey will have to bring $67,500 at the closing (45% on the 55% LTV), plus he will have to pay the $1,650 origination fee. he must then pay $963 monthly to Green Fern Funding. If Casey sells the renovated house for $210,000 at the end of the 18 month term, his total profit (not accounting for rehab expenses) would be $41,025. This is calculated by taking the purchase price ($210,000) and subtracting the original principle ($82,500), the origination fee ($1,650), the funds he contributed to closing ($67,500), and the total interest expenses ($17,325).
Raymond takes out a hard money bridge loan from Flourish Lending so he can remodel a townhome to re-sell in Fort Wainwright, AK. The deal has the following parameters:
a) A $310,000 purchase price, b) a 55% loan to value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 3% origination fee.
If Raymond achieves his goal of a $403,000 sales price, the final numbers of the deal will be the following:
$403,000 sales price
- $170,500 principle (55% LTV)
- $139,500 cash paid at closing (45% on 55% LTV)
- $5,115 origination fee (3% of the $170,500 principle)
- $33,248 interest payments (18 months x 13% interest)
-----------------------
= $54,638 total profit (doesn't include taxes or renovation costs)
7550 Wisconsin Ave. 10th Floor
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111 Potrero Avenue
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5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
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 ...
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 ...
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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34 South Broadway, Suite 204
White Plains, NY 10601
(212) 634-7899 - Loan Fundr a premier Nationwide asset-based lender using technology to close loans fast. We think creatively, providing fair and transparent loans that get our clients what they need.
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. ...
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan parameters are flexible, ...
3250 NE 1st Ave, Suite 305
Miami, FL 33137
Capital Funding Services Corporation has funding partners nationwide to help Get the Funding You Need. Hard Money | Private Money: Commercial, Residential, and Land | Refi-Cash Out, Fixed Term Loans, Cash Advances, Short-Term Bridge Loans, Long-Term Loans, Fix n ...
1515 Hancock Street, Suite 404
Quincy, MA 02169
Grand Coast Capital Group is a Quincy, MA based private lending and investment firm that provides creative financing solutions to local real estate investors, operators, and developers across the country.We offer loans for a variety of situations, including commercial loans, ...
201 Sand Creek Rd # K
Brentwood, CA 94513
Your One-Stop Shop for Real Estate Financing at The One Brokerage, we specialize in non-QM loans, offering a range of financing options including DSCR, Hard Money, BRRRR, and even conventional loans. Whether you're an investor or a homebuyer, we'll guide ...
45 North Station Plaza
Great Neck, NY 11021
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28 Bloomfield Avenue
Pine Brook, NJ 07058
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4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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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 ...
645 Madison Ave
New York City, NY 10022
Headquartered in New York, NY, Roc Capital is a lender offering loans all across the United States. They offer fix-and-flip loans, private refinancing, bridge loans, and commercial loans. Their loan guidelines are flexible, including rates starting at 7.49% , loan ...
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 ...
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 ...
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 ...
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 ...
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. ...
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US. They offer lending solutions for a variety of situations and needs, including fix and flip hard ...
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 ...
207 Mockingbird Ln, #402
Johnson City, TN 37604
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