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 Glyndon, Minnesota
Glyndon, MN has 28 bridge lenders issuing loans in the city. In this city, the mean amount loaned is $292,500. Rates on hard money loans made to Glyndon borrowers average about 11.0%. The average length offered for notes is 22 months. The mean origination percentage added to loans is 2.6%. Lenders in Glyndon average a 69% loan to value (LTV) on their loans.
Loan Example 1
Barbara is an investor in Glyndon, MN. She discovers a run-down property and wants to remodel it and flip it for a profit. The house costs $210,000 but she does not have the full amount so she takes out a bridge loan with South Side Finance Group. The borrower will have to contribute 45% of the purchase price in cash to closing based on a 55% loan to value stipulated by the lending company. This makes the principle note from South Side Finance Group $115,500. The note is interest only, with monthly payments, and is for 18 months at 9% interest with 1 points to be paid at the closing.
The borrower must fund a total of $32,400 upon closing to cover the $94,500 down payment in addition to the $1,155 origination fee. The monthly interest only payments will then be $866 to the lender. If Barbara accomplishes her goal of a $262,500 sales price when the loan expires, she would earn a total profit of $35,753 after repaying the principle amount and subtracting the cash she contributed at closing, the origination points, and the monthly interest payments.
Loan Example 2
Frontera Funding Company makes a hard money bridge loan to Joanne for a rehab project in Glyndon, MN. The loan includes the following:
$340,000 sales price
50% loan to value (LTV)
6 month term
11% interest rate
3% origination fee
Joanne intends to sell the project at the end of the term for $408,000. If she succeeds, the deal numbers will be the following:
$408,000 sales price
- $170,000 note principle (50% LTV)
- $170,000 cash paid at closing (50% on 50% LTV)
- $5,100 origination points (3% of the $170,000 principle)
- $9,350 interest payments (6 months x 11% interest)
-----------------------
= $53,550 total profit (does not 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!
Temple View Capital
7550 Wisconsin Ave. 10th Floor
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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. ...
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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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
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
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Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Pine Financial Group
10200 W. 44th Ave Suite 220
Wheat Ridge, CO 80033
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Sunset Equity Funding
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Culver City, CA 90232
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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Roc Capital
645 Madison Ave
New York City, NY 10022
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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
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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
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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 ...
Source Capital
445 S. Figueroa Street, Suite 3199
Los Angeles, CA 90071
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Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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YC Funding
1010 NE 2nd Ave
Miami Beach, FL 33132
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