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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!
Sanger, CA has 50 bridge lenders serving the city. In this city, the average loan amount is $301,500. The average rate for private loans in Sanger is 11.7%. The median term offered for notes is 35 months. The mean note includes a 2.5 percent origination charge. Lenders in Sanger average a 68% loan to value (LTV) on their loans.
East Side Investment Corporation issues a hard money bridge loan to Danny for a remodeling project in Sanger, CA, on a house that is listed for $400,000. The lender agrees to make a note with a 65% loan to value (LTV) so they are willing to extend $260,000 on the project. The interest rate on the note is 8% for a length of 18 months and the lender requires a four point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.
In accordance with the parameters of the note, Danny will be required to pay a $10,400 origination fee plus 35% of the sales price, or $140,000, since there is a 65% LTV. The monthly interest only payments will then be $1,733 to East Side Investment Corporation. If Danny sells the project for $560,000 after 18 months, he would realize a total profit of $118,400 after subtracting the original principle of $260,000, the funds paid at closing of $140,000, the origination fee of $10,400, and the total interest payments of $31,200. This gross profit does not account for rehab costs.
Rolling Brook Finance Corporation issues a bridge loan to Yvette for a renovation project in Sanger, CA. The deal dictates the following:
$340,000 purchase price
60% loan-to-value (LTV)
12 month term
10% interest rate
5% origination fee
Assuming a $425,000 sales price at the end of the 12 month term, the outcome for the deal would look like this:
$425,000 sales price
- $204,000 principle (60% LTV)
- $136,000 down payment (40% on 60% LTV)
- $10,200 origination points (5% of the $204,000 principle amount)
- $20,400 interest payments (12 months x 10% interest)
-----------------------
= $54,400 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!
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!
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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Marquee Funding Group is private money lender headquartered in Calabasas, CA. They provide loans throughout California. They provide lending solutions for many different scenarios, including fix and flip loans, refinancing, commercial hard money loans, long term rental ...
Lantzman Lending is a San Diego, CA based hard money lender. They provide loans in Arizona, California, Nevada and Texas. They offer fix and flip hard money loans, rental property loans, hard money loans for commercial properties, refinancing, new construction ...
Stonecrest Financial is a San Jose, CA based private money lender offering loans in California. They offer loans for many different needs and situations, including short term fix and flip loans, commercial hard money loans, bridge loans, and ...
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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 ...
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 ...
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Synergy Financial Partners is a Chatsworth, CA based hard money lender who offers funding throughout California, Nevada, and Texas. They provide loans for a variety of scenarios, including hard money loans for commercial properties, fix-and-flip loans, ground-up construction ...
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City Capital Finance is a hard money lender offering funding throughout California. They provide loans for a variety of needs and situations, including cash out loans, fix-and-flip loans, short term loans, investment property loans, and hard money loans ...
Based in Newport Beach, CA, Arch Bridge Loans is a hard money lender providing funding in California and Colorado. They provide loans for many different situations and needs, including fix and flip hard money loans, hard money loans for ...
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 ...
Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get ...
Headquartered in Los Angeles, CA, Delancey Street Lending is a private lender offering funding in California. They provide loans for many different scenarios, including fix and flip, commercial loans, short-term bridge loans, investments properties, cash-out refinancing, and new construction. ...
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Headquartered in San Diego, CA, Tali Mar Financial is a private money lender offering funding in California. They offer fix and flip hard money loans, private commercial loans, short term bridge loans, and investment property loans. They provide rates starting ...
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