Idaho Bridge Loans
Idaho has 34 bridge lenders operating in the state. The median note amount in this state is $314,327. The median interest rate for hard money loans in Idaho is 10.8%. 20 months is the median length for notes issued in the state. The average origination fee charged for loans is 3.6%. 74% is the median loan-to-value for offered by lenders in Idaho.
Loan Example 1
Leonard finds a condo in Post Falls, ID to renovate and sell. Since he doesn't have enough cash to acquire the $320,000 house outright, he takes out a hard money bridge loan from All American Lending Company. The lender agrees to write a loan with a 70% loan to value (LTV) so they will extend $224,000 on the project. The interest rate on the note is 8% for a length of 18 months and the company requires a five point origination fee at the closing. The interest is to be paid on a monthly basis and the principle amount will be paid back after the property sells.
The borrower must bring a total of $32,400 up front to cover the $96,000 down payment plus the $11,200 origination fee. The monthly interest only payments will then total $1,493 to the lender. If Leonard sells the rehabed project for $464,000 at the end of the 18 month term, his total profit (not including remodeling costs) would be $105,920. This is computed by taking the purchase price ($464,000) and subtracting the original note amount ($224,000), the origination cost ($11,200), the funds he contributed to closing ($96,000), and the total interest expenses ($26,880).
Loan Example 2
Karen takes out a bridge loan from Superior Investment Company so she can renovate a townhouse to re-sell in Boise, ID. The loan has the following terms:
$220,000 sales price
80% loan to value (LTV)
18 month term
10% rate of interest
2% origination fee
If Karen succeeds in her goal of a $308,000 sales price, the numbers of the project would be the following:
$308,000 sales price
- $176,000 loan principle (80% LTV)
- $44,000 cash paid at closing (20% on 80% LTV)
- $3,520 origination points (2% of the $176,000 principle amount)
- $26,400 interest payments (18 months x 10% interest)
-----------------------
= $58,080 total profit (does not include taxes or renovation costs)
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.
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
7550 Wisconsin Ave. 10th Floor
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Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
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 ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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 ...
Legacy Group Capital
400 112th Ave NE Street Suite 300
Bellevue, WA 98004
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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 ...
Fairfield Financial Services
Portland, OR
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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
T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...
LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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 ...
Level 4 Funding
440 E Huntington Dr #300
Arcadia, CA 91016
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial 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 ...
Westar Funding
728 3rd St, Suite D
Mukilteo, WA 98275
Westar Funding is private lender headquartered in Mukilteo, WA. They offer loans in Washington, Oregon, and Idaho. They provide commercial loans, short term loans, hard money construction loans, and fix-and-flip loans. They offer ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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. ...
Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan parameters are flexible, ...
Ascent Capital
500 108th AVE NE, Suite 2000
Bellevue, WA 98004
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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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 ...
Eastside Funding
3927 Lake Washington Blvd NE
Kirkland, WA 98033
Eastside Funding is a Kirkland, WA based private money lender. They offer loans throughout Washington, Oregon, and Idaho. They offer lending solutions for a variety of situations, including commercial loans, short term loans, fix-and-flip hard money loans, ...
Alternative Financial Services
PO Box 40186
Spokane, WA 99220
Alternative Financial Services is a Spokane, WA based private lender providing funding throughout Washington, Idaho, Wyoming, and Arizona. They offer loans for many different situations, including fix-and-flip loans, short term bridge loans, construction loans, and private commercial ...
Veristone Mortgage
1880 S. Cobalt Point Way, Suite 200
Meridian, ID 83642
Veristone Mortgage is private lender headquartered in Meridian, ID. They offer loans throughout Oregon, Washington, and Idaho. They provide loans for a variety of scenarios, including short term fix and flip loans, construction loans, hard money ...
Payette Financial Services
202 N. 9th Street, Suite 300
Boise, ID 83702
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
Blue Matrix Holdings LLC
10011 Bridgeport Way SW, Suite 1500-294
Lakewood, WA 98499
Blue Matrix Holdings LLC is a Lakewood, WA based private lender who offers loans throughout Washington and Idaho. They offer loans for many different scenarios, including long term rental property loans, short term loans, short term fix and flip ...
Exile Capital
3383 N Five Mile Rd, Suite 143
Boise, ID 83713
Exile Capital is a hard money lender based in Boise, ID providing funding in Idaho. They offer commercial loans, bridge loans, and construction loans. Their lending parameters are versatile, including terms between 1 month and 1 ...
Private Capital Northwest
3500 188th Street SW, Suite 680
Lynwood, WA 98037
Private Capital Northwest is hard money lender based in Lynwood, WA. They provide funding throughout Washington, Oregon, and Idaho. They provide short term bridge loans, hard money loans for commercial properties, builder loans, and short ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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Mortgage Equities Inc
200 NE Pacific St., Suite 100
Seattle, WA 98105
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
Taylor Derrick Capital
357 W 200 S #200
Salt Lake City, UT 84101
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