Arkansas Bridge Loans
Arkansas has 27 private money bridge lenders offering loans within the state. Loan amounts average around $294,476. The mean rate for private loans in Arkansas is 10.5%. The mean note issued in this state has a term of 21 months. The mean note includes a 2.7 point origination charge. 76% is the average loan-to-value (LTV) for offered by lenders in Arkansas.
Loan Example 1
Lauren finds a house in Pine Bluff, AR to renovate and sell. Since she doesn't have enough cash available to acquire the $320,000 property outright, she takes out a bridge loan from Frontera Lending. The loan-to-value (LTV) on the note is 50%. This means that Lauren will have to bring 50% of the sales price to the closing and the principle amount will be $160,000 on the loan. The terms of the deal dictate a 14% note for 6 months. They also require a 4 point origination fee, which will also be paid upon closing.
Lauren will have to bring $160,000 to the closing (50% on the 50% loan to value), plus she will need to pay the $6,400 origination fee. The monthly interest-only payments will then be $1,867 to the lender. Lauren's intention is to complete the remodel by the end of the 6 months and sell it for $384,000. If she succeeds she will earn a total profit of $46,400 ($384,000 sales price - $160,000 principle amount - $160,000 funds brough to closing - $6,400 origination points - $11,200 in total interest paid.
Loan Example 2
Myrtle locates a duplex in Russellville, AR to renovate and re-sell. Since she does not have enough cash to buy the property outright, she takes a hard money bridge loan from Suburban Lending with the following parameters:
$380,000 sales price
55% loan-to-value (LTV)
12 month term
10% interest rate
2% origination fee
Once the rehab project is complete, if Myrtle sells the project for $570,000, the numbers would be the following:
$570,000 sales price
- $209,000 loan principle (55% LTV)
- $171,000 down payment (45% on 55% LTV)
- $4,180 origination points (2% of the $209,000 principle amount)
- $20,900 interest payments (12 months x 10% interest)
-----------------------
= $164,920 gross 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
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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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
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 ...
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 ...
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 ...
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 ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, ...
LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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LOAN FUNDr
34 South Broadway, Suite 204
White Plains, NY 10601
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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. ...
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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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, ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Allied Commercial Funding
5737 Kanan Rd
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1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Riverdale Funding
207 Mockingbird Ln, #402
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Turning Point Capital
5409 Washington Street
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