Kansas Fix and Flip Loans
Kansas has 40 fix and flip hard money lenders in the state. The average amount loaned in this state is $297,338. Rates on hard money loans issued to Kansas investors average 10.5%. The median loan made in the state is for 24 months. A typical loan issued in this state includes a 3.6 point origination cost. 73% is the median loan to value (LTV) offered for for loans in Kansas.
Loan Example 1
Edward is an investor in Overland Park, KS. He locates an older property and decides to remodel it and sell it for a profit. The property has a cost of $210,000 but he doesn't have the full amount so he obtains a private money loan with Blue Door Investments. The lender agrees to make a note with a 75% loan to value (LTV) so they are willing to loan $157,500 on the property. The loan also includes the following features: 1) a 18 month term, 2) a 14% interest-only note, and 3) a five point origination charge.
Edward will have to bring $52,500 to closing (25% on the 75% loan-to-value), plus he will pay the $7,875 origination fee. The lender will collect $1,838 in monthly interest from the Edward. This is computed by taking the total note amount of $157,500, multiplying by the 14% interest rate, and then dividing that amount by 12. At the end of the note, he sells the rehabed property for $262,500. After subtracting the $33,075 in interest expenses ($1,838 times 18 months), the $7,875 origination fee, the $157,500 principle on the note, and the $52,500 he contributed to closing, he will earn a gross profit of $11,550 ($262,500 sales price minus $250,950 in costs). This profit would then be reduced by any building costs paid out of pocket.
Loan Example 2
Annette takes out a loan from Friendly Investment Group so she can renovate a townhouse to resell in Overland Park, KS. The loan has the following parameters:
$330,000 purchase price
70% loan to value (LTV)
12 month term
14% interest rate
5% origination fee
Annette plans to list the project when the note expires for $429,000. If she accomplishes her goal, the outcome would be as follows:
$429,000 sales price
- $231,000 loan principle (70% LTV)
- $99,000 down payment (30% on 70% LTV)
- $11,550 origination fee (5% of the $231,000 principle amount)
- $32,340 interest payments (12 months x 14% interest)
-----------------------
= $55,110 gross profit (doesn't 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.
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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!
Temple View Capital
7550 Wisconsin Ave. 10th Floor
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Stratton Equities
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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. ...
Direct Lending Partner
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, ...
Kiavi
575 Market Street
San Francisco, CA 94105
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Next-Financing
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Scottsdale, AZ 85251
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JCAP Private Lending
3151 Airway Ave, Suite Q3
Newport Beach, CA 92626
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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
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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 ...
Hard Money Mike
1101 W Mineral Ave. #101
Littleton, CO 80120
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Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Sherman Bridge Lending
5000 Riverside Drive, Bldg. 5, Suite 100W
Irving, TX 75039
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Barnett REI Finance
450 Skokie Blvd Suite 600-604
Northbrook, IL 60062
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Merchants Mortgage & Trust Corporation
7400 E Crestline Cir #250
Greenwood Village, CO 80111
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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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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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ReCasa Financial Group
130 East Chestnut St., Suite 200
Columbus, OH 43215
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Resolve Funding
5600 Arapahoe Ave
Boulder, CO 80303
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
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Kansas City Rehab Funding
11936 W. 119th St, #142
Overland Park, KS 66213
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