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Bridge Loans in Peacham, Vermont
Peacham, VT has 26 bridge lenders serving the city. In this city, the median note amount is $339,445. The median interest rate for private loans in Peacham is 10.4%. The average length for loans is 22 months. The mean origination percentage added to loans is 2.3%. Lenders typically offer a 72% loan-to-value on deals in Peacham.
Loan Example 1
Howard is an investor in Peacham, VT. He finds an older property and decides to remodel it and flip it for a profit. The property costs $220,000 but he does not have the full amount so he obtains a hard money bridge loan with Capable Lending Corporation. Because the lender agrees to a 50% loan to value, Howard will need to put 50% down and the amount of the note will be $110,000. The deal also includes these features: 1) a 18 month term, 2) a 12% interest-only note, and 3) a three point origination fee.
Howard will have to contribute a total of $32,400 up front to cover the $110,000 down payment in addition to the $3,300 origination fee. After the deal is executed and Howard takes on the project, he will have to begin making monthly payments of $1,100 to Capable Lending Corporation ($110,000 principle x 12% / 12 months). If Howard sells the property for $264,000 after 18 months, he would earn a gross profit of $20,900 after subtracting the principle amount of $110,000, the money paid at closing of $110,000, the origination points of $3,300, and the total interest payments of $19,800. This gross profit does not include renovation costs.
Loan Example 2
Nikki finds a duplex in Peacham, VT to remodel and re-sell. Since she does not have enough cash to buy the property outright, she takes a hard money bridge loan from River City Investments with the following parameters:
a) A $270,000 sales price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 5% origination fee.
If Nikki achieves her goal of a $405,000 sales price, the numbers of the deal would be as follows:
$405,000 sales price
- $216,000 principle on note (80% LTV)
- $54,000 down payment (20% on 80% LTV)
- $10,800 origination points (5% of the $216,000 principle amount)
- $42,120 total interest paid (18 months x 13% interest)
-----------------------
= $82,080 total profit (doesn't include taxes or rehab 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!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
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Stratton Equities
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Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
Harbor Private Equity
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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
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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
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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 ...
T&M Commercial Funding
259 Minot Ave
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Rapid Commercial Loans
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Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
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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. ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new construction loans, ...
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 ...
Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
We lend to all different kinds of real estate investors, whether you are an expert or a novice. We provide funding for building from the ground up, fix-and-flip projects, and a range of single- and multi-family rental loans. Start your ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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REI Capital
5660 Strand Court
Naples, FL 34110
Direct Lender Programs - Purchase, Refi, Cash Out, Rehab, Construction, Property Types SFR, 2-4's, Residential Portfolios, Loan Amounts from 250k to 3.5m, Nationwide excluding MN, ND, OR, SD, VT, NV, AZ & UT. -------- All Inclusive Lending Additional Programs ...
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
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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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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Allied Commercial Funding
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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
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Private Capital USA is a Ronkonkoma, NY based private money lender who offers funding in 10 states across the country. They provide hard money loans for commercial properties, hard money bridge loans, and fix-and-flip loans. Their lending ...
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