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 Isleta, New Mexico
Isleta, NM has 33 bridge lenders serving the city. In this city, the median amount for loans is $353,125. Rates on loans made to Isleta investors average around 11.5%. The median loan issued in the city is for 26 months. A typical loan made in this city carries a 2.6 point origination fee. 71% is the average loan-to-value offered for for loans in Isleta.
Loan Example 1
Myrna closes on a $320,000 renovation project in the Valley Gardens neighborhood of Isleta, NM, using a hard money bridge loan from Flippers Funding Group. The loan-to-value (LTV) on the loan is 60%. This means that Myrna will need to bring 40% of the sales price to the closing and the principle will be $192,000 on the loan. The terms of the loan dictate a 10% note for 6 months. They also stipulate a 5 point origination fee, which will also be paid at closing.
Therefore, the borrower will be required to make a $128,000 down payment in addition to paying a $9,600 origination fee. she will then pay $1,600 per month to Flippers Funding Group. Assuming she sells the renovated house for $416,000 at the end of the 6 month term, her gross profit (not accounting for renovation costs) would be $76,800. This is computed by taking the sales price ($416,000) and subtracting the original principle ($192,000), the origination cost ($9,600), the money she brought to closing ($128,000), and the total interest expenses ($9,600).
Loan Example 2
Seth is a an investor in the Valley Gardens neighborhood of Isleta, NM. He buys a run-down property for a remodeling project and obtains a bridge loan from Oceanside Lending Group with the following features:
a) A $170,000 sales price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 8% interest rate, and e) a 2% origination fee.
If Seth achieves his goal of a $255,000 sales price, the outcome of the project would be the following:
$255,000 sales price
- $136,000 principle on note (80% LTV)
- $34,000 cash paid at closing (20% on 80% LTV)
- $2,720 origination fee (2% of the $136,000 principle)
- $16,320 total interest paid (18 months x 8% interest)
-----------------------
= $65,960 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!
Temple View Capital
7550 Wisconsin Ave. 10th Floor
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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
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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 ...
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
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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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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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Heartland Capital Group
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Addison, TX 75001
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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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Mountain View Investors
7820 Enchanted Hills Blvd NE, Suite A-128
Rio Rancho, NM 87144
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Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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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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Allied Commercial Funding
5737 Kanan Rd
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Payette Financial Services
202 N. 9th Street, Suite 300
Boise, ID 83702
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Riverdale Funding
207 Mockingbird Ln, #402
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Omega Funding
PO Box 200862
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Asset Avenue
1100 Glendon Ave, 18th Floor
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