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 Teays, West Virginia
There are 37 lenders serving Teays, WV. Note amounts average approximately $284,286. Interest rates for private loans average 10.8%. 21 months is the median term for notes issued in the city. The average loan offered in the city includes a 3.3 point origination charge. 76% is the average loan to value (LTV) offered for offered by lenders in Teays.
Loan Example 1
Socorro takes a bridge loan from Frontera Lending Company in order to remodel a house to flip in Teays, WV. The price of the property is $160,000. The lender agrees to write a note with a 60% loan to value (LTV) so they are willing to extend $96,000 on the house. The parameters of the loan dictate a 14% note for 6 months. They also stipulate a 3 point origination fee, that will also need to be paid at closing.
In addition to paying the $2,880 origination fee, Socorro will also fund $64,000 of the purchase with her own cash, or 40% of the purchase price. The monthly interest-only payments will then total $1,120 to the lender. At the end of the note, she sells the rehabed property for $200,000. After subtracting the $6,720 in interest payments ($1,120 times 6 months), the $2,880 origination fee, the $96,000 principle on the note, and the $64,000 she contributed to closing, she will earn a gross profit of $30,400 ($200,000 price minus $169,600 in costs). This profit would be reduced by any rehab costs paid by the borrow.
Loan Example 2
Lorena is a an investor in Teays, WV. She buys a run-down property for a renovation project and obtains a bridge loan from Flourish Funding Company with the following paramters:
a) A $370,000 purchase price, b) a 65% loan to value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 4% origination fee.
If Lorena achieves her goal of a $462,500 sales price, the numbers of the project would be as follows:
$462,500 sales price
- $240,500 principle (65% LTV)
- $129,500 cash paid at closing (35% on 65% LTV)
- $9,620 origination fee (4% of the $240,500 principle amount)
- $50,505 total interest paid (18 months x 14% interest)
-----------------------
= $32,375 total profit (doesn't 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!
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Temple View Capital
7550 Wisconsin Ave. 10th Floor
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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 ...
Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
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
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
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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 ...
LYNK Capital
7100 Six Forks Road, Suite 335
Raleigh, NC 27615
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
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 ...
LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
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 ...
Aero Capital Finance
439 W Vine St
Kissimmee, FL 34741
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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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Rapid Commercial Loans
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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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
Scottsale, AZ 85259
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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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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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Render Capital Group
7331 Randolph St
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ARC Capital
100 Stony Point Rd., Suite 260
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