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Newnan, GA has 50 commercial lenders operating within the city. In this city, the median loan amount is $480,834. Interest rates for private loans average around 10.6%. The average length offered for loans is 15 months. The average note includes a 3.1 point origination charge. 71% is the average loan-to-value (LTV) offered for offered by lenders in Newnan.
So he can buy a new retail space for his growing business, Alvin turns to ABC Finance to fund his acquisition with a commercial hard money loan since he cannot secure a standard loan from a bank. The new building carries a price tag of $400,000. Alvin will need to put 40% down, or $160,000, since the lender will only fund 60% of the purchase (the loan-to-value or "LTV"). Accordingly, the principle amount on the note is $240,000. The terms of the note include a 1 year term, a 13% interest rate, and a 1 origination fee to be paid by Alvin when the transaction closes. By the parameters of this deal, Alvin will have to pay an origination fee of $2,400 at the closing (1% x $240,000 principle) and will then start making payments of $2,600 per month ($240,000 principle x 13% interest / 12 months per year). he will also make a final payment of the $240,000 principle upon expiration of the loan, or sooner if he decides.
To facilitate his growing business, Danny decides to buy a new building. After being denied a standard loan from his bank, he applies for a commercial hard money loan from Blue Square Finance. The building is listed for $660,000. Danny will need to put 25% down, or $165,000, since the lender will fund only 75% of the acquisition (the loan to value or "LTV"). This means that the principle amount on the loan will be $495,000. The lender also stipulates the following terms of the transaction: 1) a 13% rate of interest, 2) a 5 year term with interest-only payments to be made each month, 3) an origination fee of 2 percent paid by the borrower at closing, and 4) no fees for pre-payment. According to the terms of this loan, Danny will pay an origination fee of $9,900 when the loan is closed. He will also start to make payments of $5,363 monthly for the duration of the loan and will repay the principle amount at the end of the 5 year term. If he decides to repay the loan before, he may do so without any additional expense because there isn't a pre-payment penalty attached to the deal.
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, ...
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 ...
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. ...
701 W Broad Street, Suite 200
Bethlehem, PA 18018
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
1510 Central Ave, Suite 380
Albany, NY 12205
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial real estate loans. They issue loan amounts starting at $100,000 with no maximum. They will ...
932 Hungerford Drive, Unit 6
Rockville, MD 20850
Based in Rockville, MD, ACC Mortgage is a hard money lender offering loans in 16 states across the country. They offer fix and flip loans, commercial loans, private refinancing, and buy and hold loans. Their loan parameters ...
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 ...
321 N Central Expressway, Suite 360
McKinney, TX 75071
Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using their own ...
1121 E. Mullan Ave
Coeur d'Alene, IA 83814
Based in Coeur d'Alene, IA, COGO Capital is an asset-based lender providing loans in 45 states throughout the US. They provide private commercial loans, fix-and-flip loans, and loans for investments properties. Their loan guidelines are flexible, including ...
910 Pinon Ranch View, Suite 200
Colorado Springs, CO 80907
The Legacy Group is a Colorado Springs, CO based private lender who offers loans in 8 states throughout the United States. Their lending focus is primarily on commercial hard money loans. They make loans ...
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 ...
4425 Ponce De Leon Blvd, Suite 250
Coral Gables, FL 33146
Silver Hill Funding is private lender based in Coral Gables, FL. They provide funding in 39 states throughout the United States. Their lending focus is primarily on commercial loans. They provide rates ranging between 6% ...
Portland, OR
Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...
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 ...
7777 Glades Road
Boca Raton, FL 33436
Layla Capital is a direct lender based in Boca Raton, FL (formerly New York City) that specializes in small to middle market debt opportunities in primary and secondary markets nationwide, with a greater focus on the East Coast and Midwest. ...
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. ...
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
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 ...
439 W Vine St
Kissimmee, FL 34741
Aero Capital Finance is a Kissimmee, FL based private lender. They provide loans in 18 states throughout the United States. They offer loans for a variety of scenarios, including private refinancing, fix and flip loans, hard money loans ...
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, ...
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. ...
1101 Brickell Ave
Miami, FL 33131
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...
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 ...
349 E. 900 S. Suite 201
Salt Lake City, UT 84111
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
7 Towpath Lane
Avon, CT 06001
Based in Aon, CT, Capital Three Sixty is an asset-based lender providing loans in 15 states across the United States. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, loans for investments ...
211 South Ridge Street
Rye Brook, NY 10573
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
2700 N 29th Ave Suite 218C
Hollywood, FL 33020
US Mortgage Lenders is a Hollywood, FL based private money lender. They provide funding in Florida and Georgia. They offer loans for many different needs and situations, including long term rental property loans, fix-and-flip loans, and commercial ...
148 Hammond Drive
Sandy Springs, GA 30328
Fairview Commercial Lending is a Sandy Springs, GA based private money lender. They offer loans throughout Colorado, Florida, Georgia, and Illinois. They provide lending solutions for many different scenarios, including private commercial loans, short term fix and ...
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 ...
1 Linden Place
Great Neck, NY 11021
Based in Great Neck, NY, National Advance Group is an asset-based lender providing loans in 50 states across the United States. They offer lending solutions for a variety of scenarios, including commercial hard money loans and fix-and-flip hard money ...
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 ...
PO Box 58804
Tukwilla, WA 98138
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
102 Hammond Drive
Atlanta, GA 30328
Based in Atlanta, GA, Hard Money Georgia is a private lender providing funding throughout Georgia. They provide loans for many different scenarios, including commercial hard money loans and fix and flip hard money loans. They offer terms ...
100 Galleria Pkwy #1170
Atlanta, GA 30339
Southeast Private Lending is private lender headquartered in Atlanta, GA. They provide loans throughout Georgia. They provide lending solutions for a variety of scenarios, including construction loans, rental property loans, private refinancing, short term loans, fix-and-flip loans, ...
5784 Lake Forrest Dr, Suite 204
Atlanta, GA 30328
Excel Commercial Capital Corporation is hard money lender based in Atlanta, GA. They provide loans throughout Georgia. They provide fix and flip hard money loans, short term bridge loans, cash out hard money loans, and commercial ...
7331 Randolph St
Hobart, IN 46342
Render Capital Group is a Hobart, IN based hard money lender. They offer loans in 15 states across the country. They offer loans for a variety of scenarios, including commercial hard money loans, hard money bridge loans, ...
400 Perimeter Center Terrace N, Suite 900
Atlanta, GA 30346
Westmoore Group is private lender based in Atlanta, GA. They offer loans in Georgia and Florida. They provide hard money loans for commercial properties and short term bridge loans. They offer loans ...
PO Box 200862
Denver, CO 80220
Omega Funding is a hard money lender headquartered in Denver, CO providing funding in 8 states throughout the US. They provide hard money loans for commercial properties, short term loans, and refinancing. They provide terms between ...
1010 NE 2nd Ave
Miami Beach, FL 33132
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
100 Stony Point Rd., Suite 260
Santa Rosa, CA 95401
ARC Capital is a Santa Rosa, CA based private lender providing funding in 17 states throughout the country. They offer long term rental property loans, bridge loans, hard money loans for commercial properties, and short term fix and ...
Charleston, SC
LendingHQ is a Charleston, SC based private lender offering loans throughout Georgia, South Carolina, and North Carolina. They offer lending solutions for many different situations and needs, including fix and flip hard money loans, commercial loans, and ...
6060 N. Central Expressway, Suite 500 #11
Dallas, TX 75206
Hurst Lending is hard money lender based in Dallas, TX. They offer funding throughout Colorado, Florida, Georgia, and Texas. They offer short term loans, loans for investments properties, commercial loans, and short term fix and ...
1085 West Morse Blvd Suite 210
Winter Park, FL 32789
Headquartered in Winter Park, FL, Boyd Hard Money Loans is a private lender offering loans throughout Florida and Georgia. They offer fix and flip hard money loans, commercial loans, and short term bridge loans. They issue ...
10401 North Meridian
Indianapolis, IN 46290
LandLoan.com is an asset-based lender in Indianapolis, IN offering funding in 14 states throughout the US. Their focus is mainly on commercial loans. They issue terms between 6 months and 3 years, rates ranging between 8% ...
2601 South Bayshore Drive, Suite 1460
Miami, FL 33133
BridgeInvest is a Miami, FL based private money lender who offers loans throughout Georgia, Florida, Texas, and North Carolina. They provide loans for many different scenarios, including fix and flip hard money loans, cash out loans, short term ...
7051 OLD STEUBENVILLE PIKE
Oakdale, PA 15071
US Best Capital Partners LLC is a private lender headquartered in Oakdale, PA offering funding in 41 states across the country. Their focus is primarily on hard money loans for commercial properties. Their lending parameters are versatile, including ...
PO Box 1578
Roswell, GA 30077
Piedmont Capital Lending is a Roswell, GA based hard money lender. They offer loans throughout Georgia. They offer loans for a variety of scenarios, including hard money loans for commercial properties, loans for investments properties, and fix-and-flip ...
2204 Sawgrass Village Drive
Ponte Vedra Beach, FL 32082
BinaNat Capital is an asset-based lender in Ponte Vedra Beach, FL providing loans in Georgia and Florida. They offer loans for a variety of situations and needs, including fix and flip hard money loans and hard money loans for ...
3522 Ashford Dunwoody Rd
Atlanta, GA 30319
Based in Atlanta, GA, Georgia Hard Money Loans is a private money lender offering loans throughout Georgia. They offer loans for many different situations and needs, including fix and flip loans and hard money loans for commercial properties. ...
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