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 Leonard, Oklahoma
Leonard, OK has 50 fix and flip lenders operating in the city. In this city, the mean note amount is $297,500. Rates for loans average about 10.7%. The typical loan issued in this city has a length of 17 months. The mean origination fee charged for loans is 3.5%. 72% is the typical loan-to-value offered for for loans in Leonard.
Loan Example 1
Carla closes on a $200,000 renovation project in Leonard, OK, using a fix-and-flip loan from Axis Investment Company. The loan to value (LTV) on the loan is 75%. This means Carla will need to bring 25% of the purchase price to the closing and the principle amount will be $150,000 on the note. The rate on the loan is 13% for a term of 18 months and the company requires a one point origination fee at the close. The interest payments are to be paid monthly and the principle amount will be paid back after the property sells.
Carla will need to bring $50,000 at closing (25% on the 75% loan-to-value), plus she will have to pay the $1,500 origination fee. After the loan is closed and Carla takes over the property, she will begin making monthly payments of $1,625 to Axis Investment Company ($150,000 principle x 13% / 12 months). If she sells the rehabed house for $240,000 at the end of the 18 month term, her total profit (not including remodeling expenses) would be $9,250. This is calculated by taking the sales price ($240,000) and subtracting the original principle ($150,000), the origination fee ($1,500), the money she brought to closing ($50,000), and the total interest expenses ($29,250).
Loan Example 2
Tyrone is a an investor in Leonard, OK. He purchases a run-down property for a remodeling project and takes out a hard money loan from Superior Investment Group with the following features:
a) A $380,000 sales price, b) a 75% loan to value (LTV), c) a 12 month term, d) a 8% interest rate, and e) a 2% origination fee.
Assuming a $532,000 sales price at the end of the 12 month term, the outcome for the deal would look like this:
$532,000 sales price
- $285,000 loan principle (75% LTV)
- $95,000 cash paid at closing (25% on 75% LTV)
- $5,700 origination fee (2% of the $285,000 principle)
- $22,800 interest payments (12 months x 8% interest)
-----------------------
= $123,500 gross profit (does not include taxes or rehab costs)
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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.
Temple View Capital
7550 Wisconsin Ave. 10th Floor
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Red Dirt Lending
1220 NW 50th St
Oklahoma City, OK 73118
Red Dirt Lending is an Oklahoma City, OK based private money lender. They offer loans throughout Minneapolis, St Paul, Oklahoma City, and Tulsa. They offer loans for a variety of needs and situations, including loans for rental ...
Bay Mountain Capital
3710 Rawlins, Suite 1390
Dallas, TX 75219
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Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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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
6991 E Camelback Rd
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
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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
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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
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 ...
Hard Money Mike
1101 W Mineral Ave. #101
Littleton, CO 80120
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Patch Lending
15000 Ventura Blvd Ste 300
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Fairfield Financial Services
Portland, OR
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Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
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Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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Gelt Financial
6401 Congress Ave, Suite 215
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Sherman Bridge Lending
5000 Riverside Drive, Bldg. 5, Suite 100W
Irving, TX 75039
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TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
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LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Barnett REI Finance
450 Skokie Blvd Suite 600-604
Northbrook, IL 60062
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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National Advance Group
1 Linden Place
Great Neck, NY 11021
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Stratton Equities
28 Bloomfield Avenue
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4445 Corporation Ln Suite 264
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New Silver
2475 Albany Ave #203B
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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
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Great Plains Funding
534 S. Kansas Avenue, Suite 825
Topeka, KS 66603
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YC Funding
1010 NE 2nd Ave
Miami Beach, FL 33132
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Boomerang Capital
PO Box 20130
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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
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Delta 8 Capital
8729 Shadywood Lane
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Ready Mortgage
301 S Sherman St, Suite 117
Richardson, TX 75081
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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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Riverdale Funding
207 Mockingbird Ln, #402
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