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 Jensen, Utah
Jensen, UT has 38 hard money bridge lenders offering loans in the city. In this city, the average loan amount is $400,834. Interest rates for hard money loans average around 10.2%. 21 months is the average term for notes issued in the city. The average loan includes a 2.7 point origination fee. 76% is the median loan-to-value (LTV) for offered by lenders in Jensen.
Loan Example 1
Madeline takes a hard money bridge loan from Mountain Rock Investment Company in order to renovate a condo to resale in Jensen, UT. The list price of the house is $200,000. The borrower will be required to fund 20% of the sales price in cash to the closing based on a 80% loan-to-value set by the lender. This makes the principle amount from Mountain Rock Investment Company $160,000. The loan also includes these features: 1) a 6 month term, 2) a 11% interest only note, and 3) a one point origination fee.
Therefore, the borrower will need to make a $40,000 down payment plus pay a $1,600 origination fee. After the loan is closed and Madeline takes the property, she will have to begin making payments each month of $1,467 to the lender ($160,000 principle x 11% / 12 months). At the end of the loan, she sells the renovated house for $250,000. After subtracting the $8,800 in total interest payments ($1,467 multiplied times 6 months), the $1,600 origination fee, the $160,000 principle amount on the loan, and the $40,000 she brought to the closing, she will earn a gross profit of $39,600 ($250,000 price minus $210,400 in total costs). This profit would then be reduced by any building costs paid out of pocket.
Loan Example 2
Ocean View Lending Corporation makes a bridge loan to Gilbert for a renovation project in Jensen, UT. The loan dictates the following:
a) A $270,000 purchase price, b) a 65% loan-to-value (LTV), c) a 12 month term, d) a 13% interest rate, and e) a 5% origination fee.
If Gilbert succeeds in his goal of a $391,500 sales price, the outcome of the project will be the following:
$391,500 sales price
- $175,500 principle (65% LTV)
- $94,500 cash paid at closing (35% on 65% LTV)
- $8,775 origination fee (5% of the $175,500 principle)
- $22,815 interest payments (12 months x 13% interest)
-----------------------
= $89,910 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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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, ...
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 ...
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 ...
TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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Hilton Financial Corporation
11024 N. 28th Drive Suite 170
Phoenix, AZ 85029
Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, & Utah.They offer loans for a variety of situations, including fix-and-flip, fix-and lease, spec construction, and manufactured home set up ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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. ...
Heartland Capital Group
15455 Dallas Parkway, suite 600
Addison, TX 75001
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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, ...
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, ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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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 ...
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
Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
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
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
Capital Assets
6000 S. Fashion Blvd #200
Murray, UT 84107
Capital Assets is private money lender based in Murray, UT. They offer funding throughout Utah. They offer ground up construction loans, bridge loans, investment property loans, fix and flip loans, and commercial hard money loans. ...
Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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Resolve Funding
5600 Arapahoe Ave
Boulder, CO 80303
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
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Payette Financial Services
202 N. 9th Street, Suite 300
Boise, ID 83702
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Taylor Derrick Capital
357 W 200 S #200
Salt Lake City, UT 84101
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Unlimited Capital Group
2670 N. Main St, Suite 350B
Santa Ana, CA 92705
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Wasatch Private Money
14572 South 790 West
Bluffdale, UT 84065
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Broakmark Real Estate Management
383 Corona Street
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Artemis Realty Capital
2525 E. Camelback Rd., Suite 1050
Phoenix, AZ 85016
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Actium Partners
111 East Broadway, Suite 390
Salt Lake City, UT 84111
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