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With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
There are 50 lenders operating in Mc Donald, PA. In this city, the mean amount loaned is $283,334. Rates on private loans issued to Mc Donald investors average around 10.5%. 34 months is the mean length for loans offered in the city. The mean note includes a 2.6 point origination charge. 76% is the median loan to value (LTV) for for loans in Mc Donald.
Mildred finds a duplex in Mc Donald, PA to renovate and re-sell. Since she does not have enough cash to acquire the $190,000 project outright, she takes out a private money bridge loan from North Side Funding. As the lender agrees to a 55% loan-to-value, Mildred will need to put 45% down and the total amount of the loan will be $104,500. The loan is interest-only, paid monthly, and is for 6 months at 11% interest with 2 points to be paid when the deal closes.
Mildred will have to bring $85,500 at closing (45% on the 55% loan-to-value), plus she will have to pay the $2,090 origination fee. she must then pay $958 monthly to the lender. If Mildred sells the property for $275,500 after 6 months, she would then make a gross profit of $77,663 after subtracting the principle of $104,500, the funds contributed at the close of $85,500, the origination fee of $2,090, and the total interest payments of $5,748. This profit does not account for remodeling costs.
Reba takes out a private money bridge loan from J & T Finance Company so she can remodel a townhouse to re-sell in Mc Donald, PA. The loan has the following parameters:
$340,000 purchase price
80% loan-to-value (LTV)
18 month term
11% interest rate
4% origination fee
Reba intends to list the house when the note expires for $510,000. If she succeeds, the deal numbers will be the following:
$510,000 sales price
- $272,000 note principle (80% LTV)
- $68,000 down payment (20% on 80% LTV)
- $10,880 origination points (4% of the $272,000 principle amount)
- $44,880 total interest paid (18 months x 11% interest)
-----------------------
= $114,240 total profit (doesn't include taxes or renovation costs)
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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!
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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Asset Based Lending LLC is a Hoboken, NJ based hard money lender who offers funding in 9 states across the US. They offer loans for a variety of scenarios, including new construction loans, hard money refinancing, loans for investments ...
Residential Capital Partners is hard money lender based in Dallas, TX. They offer funding in North Carolina, South Carolina, New Jersey, New York, Connecticut, Pennsylvania, and Texas. They offer lending solutions for many different needs and ...
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
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Straightline Funding is direct hard money lender that provides loans in many larger metro areas throughout the US. We specialize in 1-4 family loans for investors. Our loan menu consists of:R2R (Residential For Rent): 30 Year fixed rate loans for ...
Headquartered in Columbia, MD, Hard Money Bankers is an asset-based lender offering loans in Maryland, Virginia, Washington DC, Pennsylvania, and New Jersey. They offer lending solutions for many different needs and situations, including private refinancing, commercial loans, fix ...
Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
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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 ...
Layla Capital is a direct lender based in Boca Raton, FL (formerly New York City) that specializes in small to middle market debt opportunities in primary and secondary markets nationwide, with a greater focus on the East Coast and Midwest. ...
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 ...
Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Virginia, Maryland, Washington, DC, Delaware, North Carolina, South Carolina, and Pennsylvania.They require minimal upfront capital from their borrowers and ...
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
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Sherman Bridge Lending is a hard money lender headquartered in Irving, TX.They current lend in the following states: AL, CA, CO, FL, GA, KS, KY, MD, MO, NJ, NC, OH, OK, PA, SC, TN, TX, VA, WI and the District ...
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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. ...
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Trius Lending Partners is a hard money lender in Baltimore, MD providing funding in Maryland, Pennsylvania, Delaware, Washington DC, and Virginia. They provide loans for many different situations and needs, including commercial loans, short term bridge loans, fix ...
Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...
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