With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Bridge Loans in Scott Depot, West Virginia
Scott Depot, WV has 37 lenders serving the city. The median loan issued is about $291,250. Rates on loans issued to Scott Depot investors average 10.7%. The mean note issued in this city is 19 months in length. The mean origination fee added to the loans is 2.6%. 79% is the typical loan to value offered for offered by lenders in Scott Depot.
Loan Example 1
Willard closes on a $390,000 renovation project in the Teays area of Scott Depot, WV, using a bridge loan from Presitge Investment Corporation. The lender agrees to make a note with a 60% loan to value (LTV) so they will loan $234,000 on the project. The note is interest only, paid monthly, and is for 12 months at 10% interest with 1 points paid at closing.
Accordingly, the borrower will have to contribute a $156,000 down payment in addition to paying a $2,340 origination fee. Once the loan is executed and Willard takes on the project, he will begin making monthly payments of $1,950 to the lender ($234,000 principle x 10% / 12 months). If Willard sells the house for $526,500 after 12 months, he would realize a total profit of $110,760 after subtracting the original principle of $234,000, the money contributed at the close of $156,000, the origination fee of $2,340, and the total interest payments of $23,400. This profit doesn't account for building costs.
Loan Example 2
Leanne locates a property in the Teays area of Scott Depot, WV to renovate and sell. Since she does not have enough cash to buy the property outright, she takes a bridge loan from Presitge Funding Company with the following parameters:
$160,000 purchase price
85% loan to value (LTV)
6 month term
10% interest rate
3% origination fee
Leanne intends to sell the project at the end of the term for $224,000. If she accomplishes her goal, the final numbers will be as follows:
$224,000 sales price
- $136,000 note principle (85% LTV)
- $24,000 cash paid at closing (15% on 85% LTV)
- $4,080 origination points (3% of the $136,000 principle)
- $6,800 interest payments (6 months x 10% interest)
-----------------------
= $53,120 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!
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.
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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Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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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, ...
Kiavi
575 Market Street
San Francisco, CA 94105
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
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LYNK Capital
7100 Six Forks Road, Suite 335
Raleigh, NC 27615
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Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Gelt Financial
6401 Congress Ave, Suite 215
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T&M Commercial Funding
259 Minot Ave
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Rapid Commercial Loans
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Frisco, TX 75034
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Aero Capital Finance
439 W Vine St
Kissimmee, FL 34741
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Peak Choice Capital
601 Silver Creek Drive
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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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
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Primeau Funding
10575 N. 114th St. Suite 103
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Edward Voccola & Co
75 Arlington Street, Suite 500
Boston, MA 02116
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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Render Capital Group
7331 Randolph St
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Riverdale Funding
207 Mockingbird Ln, #402
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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NLDS Corp
35 Trenton Ave
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Allied Commercial Funding
5737 Kanan Rd
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ARC Capital
100 Stony Point Rd., Suite 260
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