
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Noti, OR has 50 private money bridge lenders offering loans in the city. In this city, the mean amount loaned is $300,000. Interest rates on loans issued to Noti borrowers average about 10.3%. The average note issued in this city is for 26 months. The average note includes a 3.0 percent origination charge. The average loan-to-value for loans in Noti is 74%.
Herman closes on a $240,000 renovation project in Noti, OR, using a bridge loan from West End Investment Corporation. The lender agrees to make a loan with a 60% loan-to-value (LTV) so they will loan $144,000 on the project. The parameters of the loan also include a four point origination fee that is to be paid at closing and a 12 month, interest only note with a 13% rate of interest.
Herman will need to bring a total of $32,400 up front to pay the $96,000 down payment plus the $5,760 origination fee. he must then pay $1,560 per month to West End Investment Corporation. At the end of the loan, he sells the renovated house for $336,000. After deducting the $18,720 in interest expenses ($1,560 multiplied times 12 months), the $5,760 origination fee, the $144,000 principle amount on the loan, and the $96,000 he contributed to closing, he will make a gross profit of $71,520 ($336,000 sales price minus $264,480 in total costs). This profit would be reduced by any building costs paid by the borrow.
Dawn takes out a private money bridge loan from K & M Investment Group in order to rehab a townhome to flip in Noti, OR. The loan has the following terms:
a) A $310,000 sales price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 8% interest rate, and e) a 4% origination fee.
If Dawn achieves her goal of a $449,500 sales price, the numbers of the deal will be the following:
$449,500 sales price
- $248,000 principle on note (80% LTV)
- $62,000 down payment (20% on 80% LTV)
- $9,920 origination points (4% of the $248,000 principle amount)
- $29,760 interest payments (18 months x 8% interest)
-----------------------
= $99,820 gross profit (does not include taxes or rehab 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!
We are personally invested in every loan. We deliver easy transactions that are competitively priced and swiftly executed.
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