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!
Fix and Flip Loans in Burlington, Vermont
A total of 30 search results for fix and flip hard money lenders were found in Burlington, VT. In this city, the average note amount is $302,917. Interest rates for private loans average around 10.1%. The mean length offered for loans is 30 months. The mean origination percentage added to the loans is 3.2%. The mean loan to value (LTV) offered for loans in Burlington is 72%.
Loan Example 1
Allen is a house flipper in Burlington, VT. He locates an older property for sale and decides to renovate it and flip it for a profit. The house has a cost of $240,000 but he does not have the full amount so he takes a hard money loan with Smith Investment Group. The terms of the note include a 80% loan to value (LTV), so he must bring 20% of the price as cash to closing, which makes the principle note amount $192,000. The parameters of the note also stipulate a five point origination fee that is to be paid at the closing and a 12 month, interest only note with a 12% interest rate.
By the parameters of the note, Allen will need to contribute a $9,600 origination fee in addition to 20% of the purchase price, or $48,000, since there is a 80% LTV. Once the loan closes, he will have to pay Smith Investment Group $1,920 in monthly interest payments, or 12% times $192,000 divided by 12 months in a year. At the expiration of the note, he sells the rehabed house for $360,000. After subtracting the $23,040 in total interest payments ($1,920 times 12 months), the $9,600 origination fee, the $192,000 principle on the note, and the $48,000 he brought to the closing, he will make a gross profit of $87,360 ($360,000 sales price minus $272,640 in total costs). This amount would then be reduced by any building costs paid by Allen.
Loan Example 2
Ann finds a property in Burlington, VT to rehab and resell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Rolling Brook Investment Corporation with the following parameters:
a) A $240,000 sales price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 4% origination fee.
If Ann accomplishes her goal of a $312,000 sales price, the outcome of the deal would be the following:
$312,000 sales price
- $156,000 loan principle (65% LTV)
- $84,000 cash paid at closing (35% on 65% LTV)
- $6,240 origination fee (4% of the $156,000 principle)
- $32,760 interest payments (18 months x 14% interest)
-----------------------
= $33,000 gross profit (does not include taxes or renovation costs)
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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 ...
Next-Financing
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Scottsdale, AZ 85251
Next-Financing is based in Scottsdale, Arizona and has a satellite office in Silicon Valley, California. They offer a wide array of financing options for businesses, including fix and flip loans and loans for rental properties. They lend on ...
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 ...
Global Integrity Finance
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 ...
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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National Advance Group
1 Linden Place
Great Neck, NY 11021
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Peak Choice Capital
601 Silver Creek Drive
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4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
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New Silver
2475 Albany Ave #203B
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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
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ABC Capital Investments
1218 N. Marshall Street
Philadelphia, PA 19122
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Gokapital Mortgage
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Miami, FL 33145
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Aegis Funding
2100 Main Street, suite 265
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Quickline Capital Partners
4713 Crossroads Park Drive Suite 101
Liverpool, NY 13088
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Wallace Capital
132 Lincoln Street, Suite 6L
Boston, MA 02111
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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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Allied Commercial Funding
5737 Kanan Rd
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Foxpoint Lending
One Richmond Square
Providence, RI 02906
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3505 Veterans Memorial Highway, Suite D
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9465 Counselors Way, Suite 200
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