Alaska Refinance / Cash Out Loans
Alaska has 13 hard money refinance lenders offering loans within the state. The median note amount is $375,896. Interest rates for loans average around 10.3%. The mean term for loans is 42 months. The mean loan includes a 3.2 percent origination cost. 75% is the median LTV for offered by lenders in Alaska.
Loan Example 1
Vernon owns and operates a business in Eagle River, AK. He runs his operations out of a building which he owns outright. In order to generate much-needed funds to expand his company, he cashes out a portion of the equity in his building via a hard money cash-out refinance from Deep Lake Finance Group. In exchange for a first lien on the building, the lender will fund Vernon 40% of its $2,100,000 estimated value. The lender will deduct 3 origination points when the transaction closes and will then receive interest only payments at 14% for 5 years. The principle is to be repaid in a single balloon sum when the note expires. According to the stipulations of the loan, Deep Lake Finance Group will loan Vernon a total of $814,800 on his building ($2,100,000 estimated market value x 40% loan-to-value - $25,200 in origination points). Vernon will then pay $9,800 monthly in interest fees until the note matures and will then repay the $840,000 principle of the note.
Loan Example 2
Wesley owns a an office building he uses for his company's operations in Eagle River, AK. So he can obtain much-needed funds to expand his business, he takes out a portion of the equity he has in his building via a hard money cash out refinance from Green Square Funding Company. In exchange for a deed of trust on the building, the lender agrees to loan Wesley 55% of its $1,600,000 estimated value. They also stipulate a 12% interest rate, a 2 year term, and will collect an origination fee of 5 points at the close. Interest only payments are to be made each month with the principle to be re-paid when the note matures. Wesley will receive $836,000 in cash from Green Square Funding Company when the deal is executed ($1,600,000 value x 55% LTV - $44,000 in origination points). He will then make payments each month in the amount of $8,800 for the 2 year duration of the note. He will then make a final payment of $880,000 to close the debt.
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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. ...
JCAP Private Lending
3151 Airway Ave, Suite Q3
Newport Beach, CA 92626
Jcap is a Newport Beach, CA based direct lender who closes and services investor funded short-term real estate loans. They provide loans in 43 states. They offer private refinancing, fix-and-flip hard money loans, investment property loans and more. Their loan ...
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 ...
Dominion Financial
32 S Street
Baltimore, MD 21202
Dominion Financial Services is a private lender serving professional single-family real estate investors. We offer fix & flip loans, 30-yr fixed-rate rental loans, new construction financing, and multifamily bridge loans. We currently lend in all 50 states and Washington D.C ...
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 ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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LOAN FUNDr
34 South Broadway, Suite 204
White Plains, NY 10601
(212) 634-7899 - Loan Fundr a premier Nationwide asset-based lender using technology to close loans fast. We think creatively, providing fair and transparent loans that get our clients what they need.
The One Brokerage
201 Sand Creek Rd # K
Brentwood, CA 94513
Your One-Stop Shop for Real Estate Financing at The One Brokerage, we specialize in non-QM loans, offering a range of financing options including DSCR, Hard Money, BRRRR, and even conventional loans. Whether you're an investor or a homebuyer, we'll guide ...
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 ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
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