Vermont Bridge Loans
We found 17 results for hard money bridge lenders in Vermont. Note amounts average around $338,036. The mean interest rate for hard money loans in Vermont is 10.4%. The average note issued in the state is for 23 months. A typical hard money loan offered in this state carries a 2.3 point origination fee. Lenders in Vermont average a 71% loan-to-value on their deals.
Loan Example 1
Gregory closes on a $250,000 renovation project in Burlington, VT, using a bridge loan from Dimension Lending. The terms of the deal include a 70% loan-to-value (LTV), so he must contribute 30% of the price as cash at closing, which makes the principle note amount $175,000. The parameters of the loan dictate a 10% note for 18 months. They also require a 1 point origination fee, that will also be paid at closing.
In addition to paying the $1,750 origination fee, Gregory will also fund $75,000 of the purchase with his own cash, or 30% of the purchase price. he will then pay $1,458 monthly to the lender. At the end of the note, he sells the renovated property for $350,000. After deducting the $26,250 in interest payments ($1,458 multiplied by 18 months), the $1,750 origination fee, the $175,000 principle amount on the note, and the $75,000 he contributed to the closing, he will earn a gross profit of $72,000 ($350,000 sales price minus $278,000 in total costs). This amount would then be reduced by any renovation costs paid by the borrow.
Loan Example 2
Herman finds a townhouse in Burlington, VT to rehab and resell. Because he does not have enough cash to buy the property outright, he takes a bridge loan from Axis Finance with the following parameters:
a) A $160,000 sales price, b) a 70% loan-to-value (LTV), c) a 6 month term, d) a 9% interest rate, and e) a 2% origination fee.
Herman plans to list the project at the end of the term for $200,000. If he succeeds, the outcome will be as follows:
$200,000 sales price
- $112,000 principle on note (70% LTV)
- $48,000 down payment (30% on 70% LTV)
- $2,240 origination fee (2% of the $112,000 principle)
- $5,040 interest payments (6 months x 9% interest)
-----------------------
= $32,720 gross profit (doesn't include taxes or rehab 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!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
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 ...
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
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
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 ...
T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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 ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
Cherrywood Commercial is a Diamnond Bar, CA based private money lender who provides loans in 48 states throughout the United States. They provide lending solutions for many different situations, including short term bridge loans and commercial hard money loans. ...
Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new construction loans, ...
Father & Son Private Money Lending is a hard money lender providing loans in Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, and Connecticut. They provide fix-and-flip hard money loans, private refinancing, ground up construction loans, commercial loans, ...
Wallace Capital
132 Lincoln Street, Suite 6L
Boston, MA 02111
Wallace Capital is private lender headquartered in Boston, MA. They offer funding in Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, and Maine. They provide lending solutions for a variety of situations and needs, including commercial loans, ...
Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
Based in Salem, MA, Green Knight Funding is a hard money lender offering funding throughout Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, Maine, and Florida. They offer lending solutions for a variety of situations and needs, including fix ...
Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
Private Capital USA is a Ronkonkoma, NY based private money lender who offers funding in 10 states across the country. They provide hard money loans for commercial properties, hard money bridge loans, and fix-and-flip loans. Their lending ...
Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial ...
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