Offering a better alternative to hard money, Navigator Private Capital, LLC (NavCap) has reimagined private real estate lending--making it accessible to real estate investors at all experience levels.
Bridge Loans in Passumpsic, Vermont
A total of 26 records for private money bridge lenders were found in Passumpsic, VT. The mean loan amount is $315,000. Interest rates for hard money loans average about 9.9%. 25 months is the mean length for loans issued in the city. The average note includes a 2.5 percent origination charge. The average LTV offered for loans in Passumpsic is 70%.
Loan Example 1
Allyson finds a condo in Passumpsic, VT to remodel and re-sell. Since she doesn't have enough cash available to purchase the $150,000 project outright, she decides to take out a private money bridge loan from Big Money Lending. As the lender sets a 55% loan to value, Allyson will need to put 45% down so the total amount of the note will be $82,500. The parameters of the deal also include a one point origination fee that is to be paid at closing and a 12 month, interest-only note with a 11% rate of interest.
Allyson must fund a total of $32,400 upon closing to cover the $67,500 down payment plus the $825 origination fee. The lender will collect $756 in monthly interest from the Allyson. This is computed by taking the full note amount of $82,500, multiplying that by the 11% rate of interest, and then dividing that amount by 12. If Allyson sells the project for $210,000 after 12 months, she would then make a gross profit of $50,100 after deducting the original principle of $82,500, the money contributed at closing of $67,500, the origination fee of $825, and the total interest payments of $9,075. This profit doesn't include building costs.
Loan Example 2
Kristen finds a duplex in Passumpsic, VT to renovate and re-sell. Since she does not have enough cash to buy the property outright, she takes a bridge loan from Top Dog Investments with the following parameters:
$250,000 sales price
75% loan to value (LTV)
12 month term
10% interest rate
5% origination fee
Based on a $325,000 sales price at the end of the 12 month term, the outcome for the deal would look like this:
$325,000 sales price
- $187,500 principle (75% LTV)
- $62,500 down payment (25% on 75% LTV)
- $9,375 origination fee (5% of the $187,500 principle)
- $18,750 interest payments (12 months x 10% interest)
-----------------------
= $46,875 total profit (does not 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!
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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Harbor Private Equity
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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
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Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
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Secured Investment Lending
1485 International Parkway, Suite 1031
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Peak Choice Capital
601 Silver Creek Drive
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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
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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
West Hartford, CT 06117
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Roc Capital
645 Madison Ave
New York City, NY 10022
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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
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Primeau Funding
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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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
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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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Allied Commercial Funding
5737 Kanan Rd
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