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!
Bridge Loans in Gloucester City, New Jersey
Gloucester City, NJ has 50 lenders serving the city. In this city, the median note amount is $306,563. Interest rates for hard money loans average 11.2%. The typical length offered for loans is 18 months. The mean origination fee added to loans is 3.0%. Lenders typically offer a 72% loan to value on loans in Gloucester City.
Loan Example 1
Eugene finds a condo in Gloucester City, NJ to flip and resell. Since he doesn't have enough cash to purchase the $360,000 property outright, he takes out a bridge loan from Victory Finance. The borrower will need to contribute 25% of the sales price in cash to the closing based on a 75% loan-to-value set by the lender. This makes the principle note from Victory Finance $270,000. The parameters of the deal also include a five percent origination fee which will be paid at the closing and a 12 month, interest-only note with a 9% rate of interest.
In addition to paying the $13,500 origination fee, Eugene will also need to fund $90,000 of the purchase with his own cash, or 25% of the sales price. After the loan is executed and Eugene takes over the property, he will have to begin making payments each month of $2,025 to Victory Finance ($270,000 principle x 9% / 12 months). If Eugene sells the property for $468,000 after 12 months, he would then realize a total profit of $70,200 after deducting the principle of $270,000, the cash contributed at the close of $90,000, the origination fee of $13,500, and the aggregate interest payments of $24,300. This amount doesn't include rehab costs.
Loan Example 2
Meredith is a an investor in Gloucester City, NJ. She buys an older property for a rehab project and obtains a private money bridge loan from South Shore Lending Company with the following features:
a) A $260,000 purchase price, b) a 75% loan to value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 4% origination fee.
Assuming a $351,000 sales price after the 6 month term, the outcome for the project would look like the following:
$351,000 sales price
- $195,000 principle (75% LTV)
- $65,000 cash paid at closing (25% on 75% LTV)
- $7,800 origination points (4% of the $195,000 principle)
- $11,700 interest payments (6 months x 12% interest)
-----------------------
= $71,500 gross profit (doesn't 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!
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!
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 ...
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 ...
Direct Mortgage Loan Company
7112 Germantown Avenue
Philadelphia, PA 19119
Direct Mortgage Loan Company is a Philadelphia, PA based private money lender. They provide loans in Philadelphia. They provide loans for a variety of needs and situations, including fix and flip hard money loans, bridge loans, buy and ...
LOAN FUNDr
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.
Sherman Bridge Lending
5000 Riverside Drive, Bldg. 5, Suite 100W
Irving, TX 75039
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 ...
Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
Conventus
111 Potrero Avenue
San Francisco, CA 94103
Conventus is a San Francisco, Direct Lender. We offer bridge and DSCR. New construction as well. We offer fix and flip loans at no points, and have a 90% program. Minimum FICO: 660. Contact Melissa at mkorda@cvlending.com for pricing and ...
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
2 Allegheny Center, Nova Tower 2, Suite 200
Pittsburgh, PA 15212
With more than $21B 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 ...
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 ...
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 ...
Alpha Funding Solutions
29 Union Ave
Lakehurst, NJ 08733
Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
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 ...
Residential Capital Partners
3838 Oak Lawn Avenue, Suite 1500
Dallas, TX 75219
Residential Capital Partners is hard money lender based in Dallas, TX. They offer funding in North Carolina, South Carolina, New Jersey, New York, Connecticut, Pennsylvania, and Texas. They offer lending solutions for many different needs and ...
Asset Based Lending LLC
66 Hudson Street, Suite 301
Hoboken, NJ 07030
Asset Based Lending LLC is a Hoboken, NJ based hard money lender who offers funding in 9 states across the US. They offer loans for a variety of scenarios, including new construction loans, hard money refinancing, loans for investments ...
Angel Oak Prime Bridge
980 Hammond Drive, Suite 850
Atlanta, GA 30328
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
Straightline Funding is direct hard money lender that provides loans in many larger metro areas throughout the US. We specialize in 1-4 family loans for investors. Our loan menu consists of:R2R (Residential For Rent): 30 Year fixed rate loans for ...
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 ...
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, ...
Hard Money Bankers
10015 Old Columbia Rd, Suite H-125
Columbia, MD 21046
Headquartered in Columbia, MD, Hard Money Bankers is an asset-based lender offering loans in Maryland, Virginia, Washington DC, Pennsylvania, and New Jersey. They offer lending solutions for many different needs and situations, including private refinancing, commercial loans, fix ...
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 ...
Genesis Capital
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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 ...
Navesink River Capital
83 South Street, Suite 302
Freehold, NJ 07728
Navesink River Capital is an asset-based lender in Freehold, NJ providing funding throughout New Jersey and New York. They provide lending solutions for a variety of scenarios, including short term loans, fix and flip loans, and commercial hard ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
Layla Capital
7777 Glades Road
Boca Raton, FL 33436
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
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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 ...
T&M Commercial Funding
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. ...
Capital Three Sixty
7 Towpath Lane
Avon, CT 06001
Based in Aon, CT, Capital Three Sixty is an asset-based lender providing loans in 15 states across the United States. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, loans for investments ...
Sachem Capital
23 Laurel Street
Branford, CT 06405
Sachem Capital is a Branford, CT based hard money lender. They provide loans throughout New York, New Jersey, and Connecticut. They offer commercial loans, fix and flip loans, investment property loans, and bridge loans. They ...
Sharestates
45 North Station Plaza
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Pepe Berard Capital
211 South Ridge Street
Rye Brook, NY 10573
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
Sky Equity
18 West 33rd Street, 2nd Floor
New York, NY 10001
Headquartered in New York, NY, Sky Equity is an asset-based lender providing funding in New York, New Jersey, Connecticut, Pennsylvania, Washington DC, Virginia, and Florida. They offer bridge loans, fix-and-flip loans, and loans for investments properties. ...
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. ...
Private Money Utah
349 E. 900 S. Suite 201
Salt Lake City, UT 84111
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
Red Rock Capital
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, ...
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 ...
Rehab Financial Group
1062 Lancaster Ave, Suite 15C
Rosemont, PA 19010
Rehab Financial Group is hard money lender based in Rosemont, PA. They offer loans in 15 states across the US. They offer lending solutions for a variety of scenarios, including fix and flip loans, short term loans, ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new construction 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 ...
Century Capital Finance
336 West Passaic Street, Suite 310
Rochelle Park, NJ 07662
Based in Rochelle Park, NJ, Century Capital Finance is a private lender providing loans in New Jersey and New York. They provide hard money bridge loans, hard money construction loans, hard money loans for commercial properties, and fix-and-flip ...
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 ...
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 ...
Ary Ming Asset Funding
24 Commerce St, Suite 1732
Newark, NJ 07102
Ary Ming Asset Funding is a Newark, NJ based private lender. They provide funding in Philadelphia, Scranton, and Allentown. They offer construction loans, bridge loans, long term rental property loans, and fix and flip hard money ...
PSG Lending
400 W Franklin St., Suite 300
Baltimore, MD 21201
Based in Baltimore, MD, PSG Lending is a hard money lender providing funding throughout Washington DC, Philadelphia, Arlington, and Alexandria. They provide loans for a variety of scenarios, including hard money loans for commercial properties, short term loans, ...
Conquest Funding, Inc
5000 W. Tilghman Street, Suite 249
Allentown, PA 18104
Conquest Funding, Inc is an Allentown, PA based private money lender. They provide funding throughout Philadelphia, Scranton, Allentown, and Harrisburg. They provide loans for many different scenarios, including hard money bridge loans, fix and flip hard money ...
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