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 Eccles, West Virginia
Eccles, WV has 37 lenders serving the city. The mean loan amount in this city is $294,445. Interest rates on loans issued to Eccles investors average 9.8%. The typical loan made in this city has a length of 21 months. The average points applied to the loans is 2.3%. Lenders typically offer a 72% loan to value on hard money loans in Eccles.
Loan Example 1
East Shore Funding Company issues a private money bridge loan to Bernice for a remodeling project in Eccles, WV, on a property that is listed for $380,000. As the lender agrees to a 60% loan-to-value, Bernice will be required to put 40% down so the amount of the note will be $228,000. The parameters of the loan also include a five point origination fee that will be paid at closing and a 6 month, interest only note with a 14% rate of interest.
In accordance with the parameters of the note, Bernice will be required to contribute a $11,400 origination fee plus 40% of the purchase price, or $152,000, since there is a 60% LTV. After the loan is executed and Bernice takes the property, she will have to begin making payments each month of $2,660 to East Shore Funding Company ($228,000 principle x 14% / 12 months). If Bernice sells the house for $475,000 after 6 months, she would realize a total profit of $67,640 after deducting the principle amount of $228,000, the funds contributed at closing of $152,000, the origination points of $11,400, and the total interest payments of $15,960. This profit does not account for rehab costs.
Loan Example 2
Gwen locates a house in Eccles, WV to remodel and re-sell. Since she does not have enough cash to buy the property outright, she takes a hard money bridge loan from Top Dog Investments with the following parameters:
a) A $190,000 purchase price, b) a 60% loan to value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 4% origination fee.
Assuming a $285,000 sales price after the 12 month term, the outcome for the project would look like this:
$285,000 sales price
- $114,000 principle (60% LTV)
- $76,000 down payment (40% on 60% LTV)
- $4,560 origination points (4% of the $114,000 principle)
- $11,400 total interest paid (12 months x 10% interest)
-----------------------
= $79,040 total profit (does not include taxes or rehab 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!
Temple View Capital
7550 Wisconsin Ave. 10th Floor
Bethesda, MD 20814
Temple View Capital is a private lender headquartered in Bethesda, MD. They provide loans in 46 states throughout the US. They provide short-term and long-term fix and flip loans, loans for rental properties, bridge loans, and ground-up new construction loans ...
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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 ...
Anchor Loans
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. ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
Kiavi
575 Market Street
San Francisco, CA 94105
With more than $20B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way ...
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 ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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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 ...
LYNK Capital
7100 Six Forks Road, Suite 335
Raleigh, NC 27615
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get ...
LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Sharestates
45 North Station Plaza
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Aero Capital Finance
439 W Vine St
Kissimmee, FL 34741
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Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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REI Capital
5660 Strand Court
Naples, FL 34110
Direct Lender Programs - Purchase, Refi, Cash Out, Rehab, Construction, Property Types SFR, 2-4's, Residential Portfolios, Loan Amounts from 250k to 3.5m, Nationwide excluding MN, ND, OR, SD, VT, NV, AZ & UT. -------- All Inclusive Lending Additional Programs ...
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. ...
ARC Capital
100 Stony Point Rd., Suite 260
Santa Rosa, CA 95401
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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Render Capital Group
7331 Randolph St
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