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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!
We found 40 results for private money bridge lenders serving Poland, IN. In this city, the mean note amount is $289,722. The mean interest rate for private loans in Poland is 10.7%. The mean loan issued in this city has a term of 21 months. The mean origination fee for loans is 3.5 points. Lenders in Poland average a 74% loan to value (LTV) on their deals.
Thomas is a house flipper in Poland, IN. He finds an older property and wants to rehab it and flip it for a profit. The property costs $400,000 but he doesn't have the full amount so he takes a bridge loan with Dynamic Investment Company. The lender agrees to write a loan with a 60% loan-to-value (LTV) so they will loan $240,000 on the property. The loan also includes the following features: 1) a 6 month term, 2) a 13% interest only note, and 3) a four percent origination fee.
Thomas will need to bring $160,000 at the closing (40% on the 60% loan-to-value), plus he will pay the $9,600 origination fee. Once the loan is executed and Thomas takes on the property, he will have to begin making payments each month of $2,600 to Dynamic Investment Company ($240,000 principle x 13% / 12 months). If Thomas sells the house for $500,000 after 6 months, he would then make a gross profit of $74,800 after subtracting the principle of $240,000, the cash contributed at the close of $160,000, the origination fee of $9,600, and the aggregate interest payments of $15,600. This amount doesn't account for building costs.
Antonio takes a bridge loan from Mountain Rock Lending Corporation so he can remodel a property to resell in Poland, IN. The deal has the following parameters:
$330,000 sales price
65% loan-to-value (LTV)
12 month term
8% interest rate
3% origination fee
Assuming a $478,500 sales price at the end of the 12 month term, the outcome for this project would look like this:
$478,500 sales price
- $214,500 principle (65% LTV)
- $115,500 cash paid at closing (35% on 65% LTV)
- $6,435 origination fee (3% of the $214,500 principle amount)
- $17,160 interest payments (12 months x 8% interest)
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= $124,905 total profit (doesn't 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!
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Temple View Capital is a private lender headquartered in Bethesda, MD. They provide loans in 46 states throughout the US. They provide short-term and long-term fix and flip loans, loans for rental properties, bridge loans, and ground-up new construction loans ...
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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 ...
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
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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 ...
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Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
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