
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
A total of 50 records for hard money bridge lenders were found in Pembroke Pines, FL. In this city, the mean amount loaned is $306,719. Rates on loans made to Pembroke Pines borrowers average around 11.0%. The median loan made in the city is for 44 months. The average note includes a 2.3 percent origination charge. 69% is the typical loan-to-value (LTV) offered for for loans in Pembroke Pines.
Leonard closes on a $290,000 rehab project in Pembroke Pines, FL, using a private money bridge loan from Brook View Investment Company. The borrower will be required to contribute 40% of the sales price in cash to the closing based on a 60% loan-to-value set by the lender. This makes the principle amount from Brook View Investment Company $174,000. The parameters of the deal dictate a 11% note for 6 months. They also stipulate a 2 point origination fee, which will also need to be paid upon closing.
Leonard must fund a total of $32,400 up front to cover the $116,000 down payment plus the $3,480 origination fee. The lender will collect $1,595 in monthly interest payments from the Leonard. This is computed by taking the full note value of $174,000, multiplying that by the 11% interest rate, and then dividing that number by 12. Leonard's intention is to finish the house by the end of the 6 months and re-sell it for $435,000. If he succeeds he will make a profit of $131,950 ($435,000 sales price - $174,000 principle - $116,000 down payment - $3,480 origination fee - $9,570 in interest.
Lydia finds a house in Pembroke Pines, FL to rehab and resell. Since she does not have enough cash to buy the property outright, she takes a private money bridge loan from Prosperity Investments with the following parameters:
$210,000 purchase price
75% loan-to-value (LTV)
18 month term
13% interest rate
1% origination fee
Assuming a $262,500 sales price after the 18 month term, the outcome for the deal would look like this:
$262,500 sales price
- $157,500 principle (75% LTV)
- $52,500 down payment (25% on 75% LTV)
- $1,575 origination fee (1% of the $157,500 principle amount)
- $30,713 interest payments (18 months x 13% interest)
-----------------------
= $20,213 total 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!
We are personally invested in every loan. We deliver easy transactions that are competitively priced and swiftly executed.
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New Silver is a fintech that provides fast financing to real estate investors who focus on fix and flip residential projects. New Silver’s software accelerates, automates and streamlines loan originations, while using data to reduce default risk. You can get ...
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Based in Fort Lauderdale, FL, A to Z Capital is a private money lender providing funding throughout Florida. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, fix-and-flip loans, short term ...
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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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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 ...
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