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With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Gill, CO has 50 hard money bridge lenders serving the city. In this city, the average amount loaned is $354,584. Rates on loans made to Gill borrowers average about 11.7%. The typical term for notes is 17 months. The average hard money loan made in this city includes a 2.7 percent origination fee. The median loan to value (LTV) for loans in Gill is 76%.
Dwayne is an investor in Gill, CO. He locates a run-down property for sale and decides to rehab it and flip it for a profit. The house costs $350,000 but he doesn't have the full amount so he takes out a hard money bridge loan with Affluent Finance Group. The loan to value (LTV) on the note is 85%. This means that Dwayne will need to bring 15% of the purchase price to closing and the principle amount will be $297,500 on the note. The parameters of the loan dictate a 12% note for 18 months. They also stipulate a 5 point origination fee, which will also have to be paid when the property closes.
The borrower will need to bring a total of $32,400 up front to cover the $52,500 down payment in addition to the $14,875 origination fee. The monthly interest only payments will then total $2,975 to the lender. If Dwayne sells the house for $490,000 after 18 months, he would then make a total profit of $71,575 after subtracting the principle of $297,500, the money contributed at closing of $52,500, the origination points of $14,875, and the aggregate interest payments of $53,550. This amount doesn't account for rehab costs.
Lora locates a townhouse in Gill, CO to rehab and sell. Since she does not have enough cash to buy the property outright, she takes a hard money bridge loan from Fair View Finance Company with the following parameters:
a) A $290,000 purchase price, b) a 85% loan to value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 2% origination fee.
Assuming a $391,500 sales price after the 18 month term, the numbers for the deal would look like this:
$391,500 sales price
- $246,500 principle on note (85% LTV)
- $43,500 cash paid at closing (15% on 85% LTV)
- $4,930 origination points (2% of the $246,500 principle)
- $44,370 interest payments (18 months x 12% interest)
-----------------------
= $52,200 total profit (doesn't 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!
Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
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!
The Investor’s Source is a Loveland, CO based hard money lender. We are Colorado and Wyoming's premier hard money lender - specializing in low money-down deals. Up to 100% of PP and rehab. We lend throughout CO & WY, work ...
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Montegra Capital Resources is a Denver, CO based private lender providing funding in Denver, Boulder, Loveland, Fort Collins, Aspen, and Vail. They offer short term bridge loans, loans for rental properties, cash out loans, fix and flip loans, ...
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Sherman Bridge Lending is a hard money lender headquartered in Irving, TX.They current lend in the following states: AL, CA, CO, FL, GA, KS, KY, MD, MO, NJ, NC, OH, OK, PA, SC, TN, TX, VA, WI and the District ...
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Layla Capital is a direct lender based in Boca Raton, FL (formerly New York City) that specializes in small to middle market debt opportunities in primary and secondary markets nationwide, with a greater focus on the East Coast and Midwest. ...
LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
Capital Fund 1 is a Scottsdale, AZ-based hard money lender who offers funding throughout the Southwest. CF1 provides lending solutions to fit the needs of real estate investors, including new construction loans, commercial loans, refinancing, investment property loans, and short-term ...
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
Based in Newport Beach, CA, Arch Bridge Loans is a hard money lender providing funding in California and Colorado. They provide loans for many different situations and needs, including fix and flip hard money loans, hard money loans for ...
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Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, & Utah.They offer loans for a variety of situations, including fix-and-flip, fix-and lease, spec construction, and manufactured home set up ...
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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, ...
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