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.
Refinance / Cash Out Loans in Cataldo, Idaho
Cataldo, ID has 30 private money refinance lenders offering loans within the city. The median note issued to borrowers is about $283,438. Rates for hard money loans average around 10.5%. The mean note issued in this city has a length of 42 months. The mean origination for loans is 3.7 points. The median loan-to-value (LTV) for loans in Cataldo is 78%.
Loan Example 1
Marguerite owns a a retail space for her business operations in Cataldo, ID. She looks to Big City Lending for a cash-out refi loan after she is rejected for a loan by her credit union to fund her business's future operational requirements. The lender performs a valuation analysis and conculdes the building to be worth $1,600,000. They decide to loan Marguerite 65% of this market value (the LTV). The lender will subtract 5 origination points at the close and then collect interest only payments at 10% for 5 years. The principle is to be paid back in a single balloon sum when the note matures. The principle amount will be $1,040,000 but Big City Lending will fund Marguerite $988,000 after subtracting the origination fees of $52,000. They will also receive $8,667 in monthly interest until they are repaid when the note matures.
Loan Example 2
Francisca owns a business in Cataldo, ID. She runs her operation out of a building that she owns in full. She comes to an agreement with her partner to buy out their share of the company but she does not have the cash to do so. To make the transaction happen, she takes money out of the equity she has in the building via a private money cash out refinance loan through Top Notch Investment Company. After determining the building to be valued at about $2,300,000, they agree to a 55% loan-to-value (LTV) on the deal. The lender will subtract 3 origination points at closing and will be paid interest-only payments at 9% for 5 years. The principle is to be re-paid in one balloon sum when the note matures. The loan principle is $1,265,000 but Top Notch Investment Company will pay Francisca $1,227,050 after subtracting the origination points of $37,950. They will also receive $9,488 in monthly interest until they are paid back when the note expires.
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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RCN Capital
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Fairfield Financial Services
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Figure.com
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4445 Corporation Ln Suite 264
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5660 Strand Court
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301 Commerce Street Ste. 1420
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Lend Some Money
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Finance of America Commercial
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Payette Financial Services
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Bridge Well Capital
496 Delaney Ave #408
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Riverdale Funding
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Inland Capital
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