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!
Bridge Loans in Rutland, Vermont
A total of 27 results for private money bridge lenders were found in Rutland, VT. The median note amount is $344,375. Rates on hard money loans made to Rutland borrowers average around 10.5%. The mean note issued in this city has a length of 21 months. A typical loan issued in the city includes a 2.3 percent origination cost. 72% is the average loan-to-value for for loans in Rutland.
Loan Example 1
Hilda takes a private money bridge loan from J & T Finance Corporation in order to remodel a townhouse to flip in Rutland, VT. The sales price of the property is $360,000. The lender agrees to write a note with a 85% loan to value (LTV) so they will extend $306,000 on the property. The interest rate on the loan is 12% for a length of 6 months and the company requires a three point origination fee at the closing. The interest is to be paid monthly and the principle amount will be repaid after the sale of the property.
Hilda will need to contribute $54,000 to the closing (15% on the 85% loan-to-value), plus she will have to pay the $9,180 origination fee. After the deal is executed and Hilda takes over the project, she will have to begin making monthly payments of $3,060 to J & T Finance Corporation ($306,000 principle x 12% / 12 months). At the expiration of the note, she sells the renovated property for $540,000. After subtracting the $18,360 in total interest payments ($3,060 times 6 months), the $9,180 origination fee, the $306,000 principle amount on the note, and the $54,000 she brought to closing, she will make a total profit of $152,460 ($540,000 sales price minus $387,540 in total costs). This amount would be reduced by any renovation costs paid by the borrow.
Loan Example 2
Esperanza locates a townhouse in Rutland, VT to renovate and resell. Since she does not have enough cash to buy the property outright, she takes a private money bridge loan from Affluent Lending Company with the following parameters:
$200,000 sales price
55% loan to value (LTV)
12 month term
14% interest rate
5% origination fee
If Esperanza succeeds in her goal of a $280,000 sales price, the final numbers of the project would be the following:
$280,000 sales price
- $110,000 principle (55% LTV)
- $90,000 down payment (45% on 55% LTV)
- $5,500 origination points (5% of the $110,000 principle amount)
- $15,400 total interest paid (12 months x 14% interest)
-----------------------
= $59,100 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!
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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
1075 Peachtree Street NE, Suite 3650
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
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
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
Lake Mary, FL 32746
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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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
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
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 ...
Edward Voccola & Co
75 Arlington Street, Suite 500
Boston, MA 02116
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
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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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial ...
Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
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 ...
Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
Based in Salem, MA, Green Knight Funding is a hard money lender offering funding throughout Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, Maine, and Florida. They offer lending solutions for a variety of situations and needs, including fix ...
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