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 Alamogordo, New Mexico
Alamogordo, NM has 45 fix and flip lenders operating in the city. The mean amount loaned is $321,875. Interest rates for hard money loans average 10.1%. The typical loan made in the city has a length of 17 months. The average origination fee for the loans is 3.0 percent. Lenders typically offer a 70% loan to value on hard money loans in Alamogordo.
Loan Example 1
P & J Funding Group makes a fix-and-flip loan to Jane for a rehab project in the Boles Acres area of Alamogordo, NM, on a property that is listed for $390,000. The loan to value (LTV) on the deal is 55%. This means that Jane will need to bring 45% of the purchase price to closing and the principle will be $214,500 on the loan. The parameters of the deal dictate a 9% note for 6 months. They also require a 5 point origination fee, which will also need to be paid when the property closes.
According to the parameters of the loan, Jane will be required to pay a $10,725 origination fee plus 45% of the purchase price, or $175,500, since there is a 55% LTV. After the deal closes, she will have to pay the lender $1,609 in monthly interest payments, or 9% multiplied by $214,500 divided by 12 months in a year. Assuming she sells the rehabed project for $507,000 at the end of the 6 month term, her gross profit (not accounting for renovation expenses) would be $96,623. This is computed by taking the purchase price ($507,000) and subtracting the original note amount ($214,500), the origination fee ($10,725), the cash she contributed to closing ($175,500), and the total interest expenses ($9,653).
Loan Example 2
Bradley is a real estate investor in the Boles Acres neighborhood of Alamogordo, NM. He finds an older house for a remodeling project and takes out a private money loan from Fortune Funding with the following terms:
a) A $210,000 purchase price, b) a 80% loan-to-value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 5% origination fee.
If Bradley succeeds in his goal of a $315,000 sales price, the numbers of the project would be the following:
$315,000 sales price
- $168,000 principle on note (80% LTV)
- $42,000 down payment (20% on 80% LTV)
- $8,400 origination fee (5% of the $168,000 principle)
- $10,920 interest payments (6 months x 13% interest)
-----------------------
= $85,680 gross profit (does not include taxes or rehab costs)
Funding Fix & Flip, Ground-Up Construction, and DSCR loans in 35 States. We're the lender for real estate entrepreneurs looking for fast funding, fair pricing, and amazing service.
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Temple View Capital
7550 Wisconsin Ave. 10th Floor
Bethesda, MD 20814
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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 ...
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 ...
Next-Financing
6991 E Camelback Rd
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 ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
Since its inception in 2011, Lima One Capital has funded over $9 billion in loans for real estate investors who are building, improving, and stabilizing neighborhoods across the nation. Lima One’s core loan products are New Construction loans for ground-up ...
RCN Capital
75 Gerber Road East
South Windsor, CT 06074
Headquartered in South Windsor, CT, RCN Capital is national, direct, private lender providing funding in 44 states across the country.Established in 2010, we provide short-term and long-term commercial loans ranging from $50k to $2.5M+ for the purchase of non-owner occupied ...
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
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COGO Capital
1121 E. Mullan Ave
Coeur d'Alene, IA 83814
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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 ...
Gelt Financial
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 ...
Iron Bridge Lending
9755 SW Barnes Road, Suite 420
Portland, OR 97225
Headquartered in Portland, OR, Iron Bridge Lending is a private money lender offering funding in 10 states across the country. Their focus is primarily on fix-and-flip hard money loans. They issue terms between 6 months and 1 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Barnett REI Finance
450 Skokie Blvd Suite 600-604
Northbrook, IL 60062
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Mountain View Investors
7820 Enchanted Hills Blvd NE, Suite A-128
Rio Rancho, NM 87144
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Zinc Financial
1525 E. Shaw Ave
Fresno, CA 93710
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Kell Capital
221 N. Kansas St, Suite 1211
El Paso, TX 79901
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan parameters are flexible, ...
National Advance Group
1 Linden Place
Great Neck, NY 11021
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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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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REI Capital
5660 Strand Court
Naples, FL 34110
Direct Lender Programs - Purchase, Refi, Cash Out, Rehab, Construction, Property Types SFR, 2-4's, Residential Portfolios, Loan Amounts from 250k to 3.5m, Nationwide excluding MN, ND, OR, SD, VT, NV, AZ & UT. -------- All Inclusive Lending Additional Programs ...
AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
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ABC Capital Investments
1218 N. Marshall Street
Philadelphia, PA 19122
ABC Capital Investments is a Philadelphia, PA based private lender who offers loans all throughout the US. They provide lending solutions for many different scenarios, including long term rental property loans and short term fix and flip loans. ...
Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
Gokapital, Inc. is a Miami, FL based private lender who provides funding all throughout the US.Providing lending solutions for a variety of situations, including loans for rental properties, cash out, hard money loans, fix-and-flip loans, hard money loans for commercial ...
Aegis Funding
2100 Main Street, suite 265
Huntington Beach, CA 92648
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Quickline Capital Partners
4713 Crossroads Park Drive Suite 101
Liverpool, NY 13088
Quickline Capital Partners is a Syracuse, NY based private lender providing loans across the US. They offer loans for a variety of scenarios, including fix and flip loans and commercial hard money loans. Their lending parameters are flexible, including terms ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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American Life Financial
935 E Main St, Suite 102
Mesa, AZ 85203
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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
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Payette Financial Services
202 N. 9th Street, Suite 300
Boise, ID 83702
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
Allied Commercial Funding
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 ...
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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Empire Financial Services
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 ...
Yogic Private Lenders
8100 Wyoming Blvd NE, Suite M4 #218
Albuquerque, NM 87113
Yogic Private Lenders is an Albuquerque, NM based private money lender. They provide loans in New Mexico. Their lending focus is primarily on fix-and-flip loans. They primarily provide funding on single family residences ...
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