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Bridge Loans in Kasilof, Alaska
Kasilof, AK has 27 lenders serving the city. The mean note issued is about $287,500. Interest rates for private loans average 11.2%. 20 months is the mean term for notes issued in the city. The average hard money loan offered in the city carries a 2.6 percent origination cost. 73% is the typical loan to value (LTV) for for loans in Kasilof.
Loan Example 1
Tricia closes on a $290,000 rehab project in the Cohoe area of Kasilof, AK, using a hard money bridge loan from XYZ Finance Corporation. The loan to value (LTV) on the loan is 70%. This means Tricia will need to bring 30% of the sales price to the closing and the principle amount will be $203,000 on the loan. The parameters of the loan also stipulate a two point origination fee which is to be paid at the closing and a 18 month, interest only note with a 11% rate of interest.
Tricia will need to bring $87,000 to the closing (30% on the 70% loan to value), plus she will need to pay the $4,060 origination fee. she must then pay $1,861 monthly to the lender. If Tricia meets her goal of a $420,500 sales price when the loan term expires, she would earn a total profit of $92,945 after repaying the principle and subtracting the cash she contributed at closing, the origination points, and the monthly interest payments.
Loan Example 2
Magdalena locates a property in the Cohoe neighborhood of Kasilof, AK to rehab and re-sell. Since she does not have enough cash to buy the property outright, she takes a bridge loan from South Side Investments with the following parameters:
$180,000 sales price
70% loan to value (LTV)
6 month term
8% rate of interest
1% origination fee
Once the rehab project is complete, if Magdalena sells the property for $252,000, the outcome would be as follows:
$252,000 sales price
- $126,000 principle (70% LTV)
- $54,000 cash paid at closing (30% on 70% LTV)
- $1,260 origination points (1% of the $126,000 principle)
- $5,040 total interest paid (6 months x 8% interest)
-----------------------
= $65,700 gross profit (does not include taxes or rehab costs)
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7550 Wisconsin Ave. 10th Floor
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Conventus
111 Potrero Avenue
San Francisco, CA 94103
Conventus is a San Francisco, Direct Lender. We offer bridge and DSCR. New construction as well. We offer fix and flip loans at no points, and have a 90% program. Minimum FICO: 660. Contact Melissa at mkorda@cvlending.com for pricing and ...
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. ...
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 ...
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, ...
T&M Commercial Funding
259 Minot Ave
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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. ...
LOAN FUNDr
34 South Broadway, Suite 204
White Plains, NY 10601
(212) 634-7899 - Loan Fundr a premier Nationwide asset-based lender using technology to close loans fast. We think creatively, providing fair and transparent loans that get our clients what they need.
Capital Funding Services
3250 NE 1st Ave, Suite 305
Miami, FL 33137
Capital Funding Services Corporation has funding partners nationwide to help Get the Funding You Need. Hard Money | Private Money: Commercial, Residential, and Land | Refi-Cash Out, Fixed Term Loans, Cash Advances, Short-Term Bridge Loans, Long-Term Loans, Fix n ...
Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Grand Coast Capital Group
1515 Hancock Street, Suite 404
Quincy, MA 02169
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The One Brokerage
201 Sand Creek Rd # K
Brentwood, CA 94513
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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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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REI Capital
5660 Strand Court
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Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
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42 Thompson Street, Suite 1A
East Haven, CT 06513
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Primeau Funding
10575 N. 114th St. Suite 103
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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
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Island View Private Loan Fund
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Allied Commercial Funding
5737 Kanan Rd
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Riverdale Funding
207 Mockingbird Ln, #402
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