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Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
A total of 43 search results for private money bridge lenders were found in Lewisville, ID. Note amounts average about $348,438. The average rate for hard money loans in Lewisville is 9.9%. 19 months is the average term for loans made in the city. The average origination fee applied to loans is 2.8%. 72% is the typical loan to value for for loans in Lewisville.
XYZ Lending Group makes a bridge loan to Lou for a renovation project in Lewisville, ID, on a property that costs $210,000. The loan to value (LTV) on the deal is 70%. This means that Lou will need to bring 30% of the sales price to the closing and the principle will be $147,000 on the loan. The parameters of the loan also include a five percent origination fee which will be paid at the closing and a 6 month, interest-only note with a 12% interest rate.
Accordingly, Lou will need to contribute a $63,000 down payment in addition to paying a $7,350 origination fee. The lender will collect $1,470 in monthly interest payments from the borrower. This is computed by taking the total note value of $147,000, multiplying by the 12% interest rate, and then dividing that amount by 12. If Lou sells the project for $294,000 after 6 months, she would earn a total profit of $67,830 after deducting the original principle of $147,000, the money contributed at the close of $63,000, the origination points of $7,350, and the total interest payments of $8,820. This gross profit doesn't include building costs.
Irma is a an investor in Lewisville, ID. She buys a run-down property for a rehab project and takes a private money bridge loan from South Shore Investment Corporation with the following features:
$270,000 sales price
70% loan-to-value (LTV)
12 month term
8% rate of interest
4% origination fee
Assuming a $405,000 sales price after the 12 month term, the outcome for this deal would look like this:
$405,000 sales price
- $189,000 note principle (70% LTV)
- $81,000 down payment (30% on 70% LTV)
- $7,560 origination fee (4% of the $189,000 principle amount)
- $15,120 interest payments (12 months x 8% interest)
-----------------------
= $112,320 gross profit (does not include taxes or rehab costs)
Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
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 is a private lender headquartered in Bethesda, MD. They provide loans in 46 states throughout the US. They provide short-term and long-term fix and flip loans, loans for rental properties, bridge loans, and ground-up new construction loans ...
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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 ...
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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. ...
LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
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Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get ...
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Westar Funding is private lender headquartered in Mukilteo, WA. They offer loans in Washington, Oregon, and Idaho. They provide commercial loans, short term loans, hard money construction loans, and fix-and-flip loans. They offer ...
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 ...
Ascent Capital is a Northwest based private portfolio lending company. We have deep roots in the lending industry and take a disciplined approach to every real estate transaction we fund. Ascent is built on high standards, offering fair, ...
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan parameters are flexible, ...
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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. ...
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, ...
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Direct Lender Programs - Purchase, Refi, Cash Out, Rehab, Construction, Property Types SFR, 2-4's, Residential Portfolios, Loan Amounts from 250k to 3.5m, Nationwide excluding MN, ND, OR, SD, VT, NV, AZ & UT. -------- All Inclusive Lending Additional Programs ...
Gokapital, Inc. is a Miami, FL based private lender who provides funding all throughout the US.Providing lending solutions for a variety of situations, including loans for rental properties, cash out, hard money loans, fix-and-flip loans, hard money loans for commercial ...
Lend Some Money is a national private lender that makes hard money commercial loans for the refinance or purchase of non-owner-occupied residential and mixed-use commercial properties. Its industry-leading technology platform allows it to provide real estate investors and brokers ...
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 is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
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Veristone Mortgage is private lender headquartered in Meridian, ID. They offer loans throughout Oregon, Washington, and Idaho. They provide loans for a variety of scenarios, including short term fix and flip loans, construction loans, hard money ...
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Alternative Financial Services is a Spokane, WA based private lender providing funding throughout Washington, Idaho, Wyoming, and Arizona. They offer loans for many different situations, including fix-and-flip loans, short term bridge loans, construction loans, and private commercial ...
Exile Capital is a hard money lender based in Boise, ID providing funding in Idaho. They offer commercial loans, bridge loans, and construction loans. Their lending parameters are versatile, including terms between 1 month and 1 ...
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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 ...
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
Blue Matrix Holdings LLC is a Lakewood, WA based private lender who offers loans throughout Washington and Idaho. They offer loans for many different scenarios, including long term rental property loans, short term loans, short term fix and flip ...
Private Capital Northwest is hard money lender based in Lynwood, WA. They provide funding throughout Washington, Oregon, and Idaho. They provide short term bridge loans, hard money loans for commercial properties, builder loans, and short ...
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