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 Struthers, Ohio
Struthers, OH has 46 private money lenders operating within the city. Loan amounts average about $283,572. Rates on loans issued to Struthers investors average about 10.7%. The average length offered for loans is 12 months. The average origination fee charged for loans is 3.0%. Lenders in Struthers average a 75% loan-to-value on their deals.
Loan Example 1
Kyle takes a bridge loan from GJ Investments in order to remodel a house to flip in the Brownlee Woods area of Struthers, OH. The price of the house is $370,000. The borrower will have to contribute 30% of the sales price in cash to closing based on a 70% loan-to-value set by the lender. This makes the principle amount from GJ Investments $259,000. The rate on the note is 8% for a length of 6 months and the company requires a five point origination fee at closing. The interest is to be paid on a monthly basis and the principle will be repaid after the property sells.
Kyle will need to contribute $111,000 to closing (30% on the 70% LTV), plus he will need to pay the $12,950 origination fee. After the deal closes, he will need to pay the lender $1,727 in monthly interest payments, or 8% multiplied times $259,000 divided by 12 months in a year. If Kyle sells the property for $462,500 after 6 months, he would earn a gross profit of $69,190 after deducting the original principle of $259,000, the money paid at closing of $111,000, the origination points of $12,950, and the aggregate interest payments of $10,360. This gross profit doesn't include renovation costs.
Loan Example 2
Superior Investment Group issues a private money bridge loan to Natasha for a rehab project in the Brownlee Woods neighborhood of Struthers, OH. The deal dictates the following:
$170,000 purchase price
80% loan-to-value (LTV)
12 month term
9% rate of interest
5% origination fee
Based on a $255,000 sales price after the 12 month term, the numbers for this deal would look like this:
$255,000 sales price
- $136,000 loan principle (80% LTV)
- $34,000 cash paid at closing (20% on 80% LTV)
- $6,800 origination points (5% of the $136,000 principle)
- $12,240 total interest paid (12 months x 9% interest)
-----------------------
= $65,960 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.
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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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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Angel Oak Prime Bridge
980 Hammond Drive, Suite 850
Atlanta, GA 30328
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Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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LYNK Capital
7100 Six Forks Road, Suite 335
Raleigh, NC 27615
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Straightline Funding
250 N. Trade Street, Suite 209
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Hilton Financial Corporation
11024 N. 28th Drive Suite 170
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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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Layla Capital
7777 Glades Road
Boca Raton, FL 33436
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Sherman Bridge Lending
5000 Riverside Drive, Bldg. 5, Suite 100W
Irving, TX 75039
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Aero Capital Finance
439 W Vine St
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Rapid Commercial Loans
6136 Frisco Square suite 433
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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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
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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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Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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Hard Money Company
8150 Leesburg Pike
Vienna, VA 22182
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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ARC Capital
100 Stony Point Rd., Suite 260
Santa Rosa, CA 95401
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ReCasa Financial Group
130 East Chestnut St., Suite 200
Columbus, OH 43215
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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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Render Capital Group
7331 Randolph St
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Resolve Funding
5600 Arapahoe Ave
Boulder, CO 80303
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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YC Funding
1010 NE 2nd Ave
Miami Beach, FL 33132
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