With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Fix and Flip Loans in Drayton, North Dakota
Drayton, ND has 23 fix-and-flip hard money lenders offering loans within the city. Loan amounts average around $442,500. Interest rates for hard money loans average around 10.4%. The average loan issued in this city is 42 months in length. The mean note includes a 3.2 point origination fee. Lenders in Drayton average a 71% loan to value (LTV) on their deals.
Loan Example 1
Capable Investment Group makes a fix and flip loan to Daniel for a renovation project in Drayton, ND, on a house that costs $230,000. The borrower will be required to contribute 15% of the purchase price in cash to the closing based on a 85% loan to value set by the lender. This makes the loan principle from Capable Investment Group $195,500. The loan also has the following features: 1) a 6 month length, 2) a 8% interest-only note, and 3) a three percent origination charge.
Therefore, Daniel will be required to contribute a $34,500 down payment in addition to paying a $5,865 origination fee. Once the loan closes, he will pay Capable Investment Group $1,303 in monthly interest fees, or 8% times $195,500 divided by 12 months in a year. If Daniel sells the house for $299,000 after 6 months, he would realize a total profit of $55,315 after subtracting the principle of $195,500, the funds paid at closing of $34,500, the origination fee of $5,865, and the total interest payments of $7,820. This profit does not include renovation costs.
Loan Example 2
Marianne is a real estate investor in Drayton, ND. She locates a run-down property for a renovation project and obtains a hard money loan from East Star Funding with the following paramters:
$250,000 sales price
85% loan to value (LTV)
12 month term
11% interest rate
2% origination fee
Marianne intends to list the house when the note expires for $362,500. If she achieves this goal, the final numbers would be the following:
$362,500 sales price
- $212,500 loan principle (85% LTV)
- $37,500 cash paid at closing (15% on 85% LTV)
- $4,250 origination points (2% of the $212,500 principle amount)
- $23,375 total interest paid (12 months x 11% interest)
-----------------------
= $84,875 total profit (doesn't include taxes or renovation costs)
Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
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, ...
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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. ...
Kiavi
2 Allegheny Center, Nova Tower 2, Suite 200
Pittsburgh, PA 15212
With more than $21B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way ...
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 ...
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 ...
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 ...
Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
National Advance Group
1 Linden Place
Great Neck, NY 11021
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American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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Flip N Fast Loans
4445 Corporation Ln Suite 264
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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
New Silver is a fintech that provides fast financing to real estate investors who focus on fix and flip residential projects. New Silver’s software accelerates, automates and streamlines loan originations, while using data to reduce default risk. You can get ...
Velocity Mortgage Capital
11241 Willows Rd NE, Suite 120, Bldg C
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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
2150 Coral Way | Suite 1A
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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
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Quickline Capital Partners
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Rental Home Financing
9465 Counselors Way, Suite 200
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