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 Springfield, Vermont
Springfield, VT has 20 hard money refi lenders operating in the city. The average note issued to borrowers is approximately $298,500. The average interest rate for hard money loans in Springfield is 10.7%. 30 months is the average term for loans issued in this city. The mean origination for the loans is 3.6 points. Lenders typically offer a 71% LTV on hard money loans in Springfield.
Loan Example 1
Lawrence is a business owner in Springfield, VT and he owns a warehouse for his operation. He determines he requires funding for his business's operation but he is rejected by his local bank for a cash-out refinance, so he goes to Big Lake Finance Company for a private money refinance. The lender carries out a market analysis and decides the building is worth around $900,000. They decide to loan Lawrence 70% of the estimated value (the LTV). The additional terms of the deal are as follows : 1) a 9% interest rate, 2) a 3 year maturity with interest only payments made monthly, and 3) 4 points charged at the closing. The principle will be $630,000 but Big Lake Finance Company will pay Lawrence $604,800 after charging the origination fee of $25,200. Additionally, they will collect $4,725 in monthly interest payments until they are repaid when the loan matures.
Loan Example 2
Wesley owns a a warehouse for his business operations in Springfield, VT. He makes an agreement with his business partner to purchase their share of the business but he does not have the cash to do so. In order to make the transaction move forward, he takes money out of the equity he has in the property via a hard money cash-out refinance through Urban Investment Corporation. In exchange for a deed of trust on the real estate, the lender agrees to fund Wesley 45% of its $2,900,000 market value. They also specify a 11% interest rate, a 1 year loan period, and they will collect an origination fee of 1 percent at closing. Interest-only payments are to be made each month with the loan principle repaid when the loan matures. The principle will be $1,305,000 but Urban Investment Corporation will fund Wesley $1,291,950 after deducting the origination fee of $13,050. They will also receive $11,963 in monthly interest until they are re-paid when the loan matures.
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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 ...
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 ...
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 ...
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 ...
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, ...
Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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Roc Capital
645 Madison Ave
New York City, NY 10022
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AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
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Miami, FL 33145
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Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
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Finance of America Commercial
4201 Congress Street, Suite 475
Charlotte, NC 28209
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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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, ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...
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