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Bridge Loans in M C B H Kaneohe Bay, Hawaii
M C B H Kaneohe Bay, HI has 31 private money lenders issuing loans in the city. Note amounts average about $294,643. The mean rate for private loans in M C B H Kaneohe Bay is 10.0%. The mean term for notes is 44 months. The average origination for loans is 2.4 percent. 73% is the typical loan-to-value for for loans in M C B H Kaneohe Bay.
Loan Example 1
Javier takes a private money bridge loan from P & J Finance Corporation in order to renovate a townhouse to resale in the Kaneohe Station subdivision of M C B H Kaneohe Bay, HI. The list price of the house is $220,000. The loan to value (LTV) on the loan is 65%. This means Javier will bring 35% of the purchase price to the closing and the principle amount will be $143,000 on the note. The parameters of the loan dictate a 8% note for 18 months. They also stipulate a 5 point origination fee, which will also be paid at closing.
Javier will need to bring $77,000 at the closing (35% on the 65% loan-to-value), plus he will have to pay the $7,150 origination fee. P & J Finance Corporation will collect $953 in monthly interest from the borrower. This is computed by taking the total note value of $143,000, multiplying that by the 8% interest rate, and then dividing that number by 12. At the end of the note, he sells the renovated house for $330,000. After deducting the $17,160 in interest expenses ($953 multiplied by 18 months), the $7,150 origination fee, the $143,000 principle amount on the note, and the $77,000 he brought to the closing, he will make a total profit of $85,690 ($330,000 price minus $244,310 in costs). This amount would then be reduced by any building costs paid by the borrow.
Loan Example 2
Patti is a an investor in the Kaneohe Station neighborhood of M C B H Kaneohe Bay, HI. She locates an older house for a rehab project and takes a private money bridge loan from Top Dog Investment Corporation with the following paramters:
$280,000 purchase price
65% loan-to-value (LTV)
18 month term
10% rate of interest
5% origination fee
Assuming a $378,000 sales price after the 18 month term, the outcome for this project would look like this:
$378,000 sales price
- $182,000 loan principle (65% LTV)
- $98,000 cash paid at closing (35% on 65% LTV)
- $9,100 origination fee (5% of the $182,000 principle amount)
- $27,300 interest payments (18 months x 10% interest)
-----------------------
= $61,600 gross profit (doesn't include taxes or renovation costs)
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
7550 Wisconsin Ave. 10th Floor
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Stratton Equities
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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 ...
New Silver
2475 Albany Ave #203B
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Patch Lending
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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
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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 ...
Cherrywood Commercial
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Peak Choice Capital
601 Silver Creek Drive
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Sunset Equity Funding
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Culver City, CA 90232
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CIVIC Private Money Lending
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Private Money Utah
349 E. 900 S. Suite 201
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Sharestates
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
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Forerunner Funding, Inc
226 Lae St
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4445 Corporation Ln Suite 264
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Roc Capital
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42 Thompson Street, Suite 1A
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Primeau Funding
10575 N. 114th St. Suite 103
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Edward Voccola & Co
75 Arlington Street, Suite 500
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11 Capital Finance
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Lansdale, PA 19446
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Pacific Home Loans
2395 S Kihei Rd #205
Kihei, HI 96753
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Riverdale Funding
207 Mockingbird Ln, #402
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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