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)
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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!
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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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
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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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
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Secured Investment Lending
1485 International Parkway, Suite 1031
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Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
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PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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LendingOne
901 Yamato Rd, Suite 150
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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
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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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
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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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Asset Avenue
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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