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Bridge Loans in Mount Holly, Vermont
A total of 27 records for private money bridge lenders were found in Mount Holly, VT. The mean amount for loans in the city is $350,715. The mean interest rate for private loans in Mount Holly is 10.4%. The mean loan issued in the city has a length of 23 months. The average origination for the loans is 2.0 points. Lenders typically offer a 68% loan-to-value (LTV) on deals in Mount Holly.
Loan Example 1
Uptown Investment Group makes a bridge loan to Jodie for a rehab project in Mount Holly, VT, on a house that costs $210,000. Because the lender agrees to a 75% loan to value, Jodie will need to put 25% down and the amount of the note will be $157,500. The interest rate on the note is 9% for a length of 18 months and the company requires a one point origination fee at the closing. The interest payments are to be paid monthly and the principle will be paid back after the property sells.
The borrower must contribute a total of $32,400 up front to cover the $52,500 down payment plus the $1,575 origination fee. After the deal is closed and Jodie takes over the project, she will need to begin making payments each month of $1,181 to the lender ($157,500 principle x 9% / 12 months). At the expiration of the loan, she sells the renovated house for $315,000. After deducting the $21,263 in interest expenses ($1,181 multiplied by 18 months), the $1,575 origination fee, the $157,500 principle amount on the loan, and the $52,500 she brought to closing, she will make a gross profit of $82,163 ($315,000 price minus $232,838 in total costs). This profit would be reduced by any building costs paid out of pocket.
Loan Example 2
Gilbert is a real estate investor in Mount Holly, VT. He finds an older property for a rehab project and takes out a hard money bridge loan from Advanced Investment Company with the following features:
a) A $210,000 sales price, b) a 75% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 3% origination fee.
Gilbert plans to sell the property at the end of the term for $315,000. If he accomplishes his goal, the outcome would be as follows:
$315,000 sales price
- $157,500 note principle (75% LTV)
- $52,500 down payment (25% on 75% LTV)
- $4,725 origination fee (3% of the $157,500 principle amount)
- $14,175 interest payments (12 months x 9% interest)
-----------------------
= $86,100 total profit (does not include taxes or rehab costs)
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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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 ...
Stormfield Capital
35 Old Post Road
Southport, CT 06890
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
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 ...
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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. ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Rapid Commercial Loans
6136 Frisco Square suite 433
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Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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New Silver
2475 Albany Ave #203B
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Velocity Mortgage Capital
11241 Willows Rd NE, Suite 120, Bldg C
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Velocity Mortgage Capital is a wholesale, nationwide lender for asset-based, investment real estate, lending since 2004. We never look at the tax returns or personal income statements of our borrowers. Instead, our focus is the income producing potential of the ...
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
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
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
Lansdale, PA 19446
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Wallace Capital
132 Lincoln Street, Suite 6L
Boston, MA 02111
Wallace Capital is private lender headquartered in Boston, MA. They offer funding in Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, and Maine. They provide lending solutions for a variety of situations and needs, including commercial loans, ...
Allied Commercial Funding
5737 Kanan Rd
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Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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