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 Vassalboro, Maine
Vassalboro, ME has 39 private money lenders serving the city. The mean amount loaned in this city is $327,500. Rates on loans issued to Vassalboro borrowers average around 10.5%. The typical note issued in this city is 18 months in length. The mean origination percentage added to loans is 2.4%. Lenders typically offer a 74% LTV on deals in Vassalboro.
Loan Example 1
Curtis takes a private money bridge loan from Trust Finance in order to renovate a property to resale in Vassalboro, ME. The list price of the property is $390,000. The loan-to-value (LTV) on the note is 55%. This means Curtis will need to bring 45% of the purchase price to the closing and the principle amount will be $214,500 on the deal. The parameters of the deal also include a two percent origination fee that will be paid at the closing and a 12 month, interest-only note with a 10% interest rate.
In addition to paying the $4,290 origination fee, Curtis will also need to fund $175,500 of the purchase with his own cash, or 45% of the purchase price. The monthly interest only payments will then be $1,788 to Trust Finance. If Curtis accomplishes his goal of a $468,000 total sales price when the loan term expires, he would make a total profit of $52,260 after re-paying the principle and subtracting the cash he brought to closing, the origination fee, and the total interest payments.
Loan Example 2
Natasha is a an investor in Vassalboro, ME. She buys an older house for a renovation project and obtains a hard money bridge loan from USA Finance with the following paramters:
a) A $330,000 purchase price, b) a 65% loan to value (LTV), c) a 18 month term, d) a 10% interest rate, and e) a 5% origination fee.
Natasha intends to list the project when the note expires for $396,000. If she succeeds, the deal numbers will be the following:
$396,000 sales price
- $214,500 principle on note (65% LTV)
- $115,500 down payment (35% on 65% LTV)
- $10,725 origination points (5% of the $214,500 principle amount)
- $32,175 total interest paid (18 months x 10% interest)
-----------------------
= $23,100 gross profit (does not 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!
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
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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. ...
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 ...
Stormfield Capital
35 Old Post Road
Southport, CT 06890
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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
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 ...
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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Rapid Commercial Loans
6136 Frisco Square suite 433
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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REI Capital
5660 Strand Court
Naples, FL 34110
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Gokapital Mortgage
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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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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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Universal Capital
138 River Rd
Andover, MA 01810
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Raymond C Green Companies
155 Federal Street, Suite 1300
Boston, MA 02110
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Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
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Northborough Capital Partners
56 Pine Street, 3rd Floor
Providence, RI 02903
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Asset Avenue
1100 Glendon Ave, 18th Floor
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Pro Builder Financial
396 Washington Street, Suite 225
Wellesley, MA 02481
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Wallace Capital
132 Lincoln Street, Suite 6L
Boston, MA 02111
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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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