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With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Maryland Heights, MO has 50 fix-and-flip lenders offering loans in the city. The mean amount loaned is $310,000. Interest rates on loans made to Maryland Heights borrowers average about 10.1%. 42 months is the mean term for notes issued in the city. The average loan includes a 3.7 point origination cost. The mean loan to value for loans in Maryland Heights is 74%.
Dixie is an investor in Maryland Heights, MO. She finds a run-down property for sale and wants to remodel it and flip it for a profit. The house costs $350,000 but she does not have the full amount so she takes a private money loan with Flourish Lending. The lender agrees to write a loan with a 70% loan to value (LTV) so they will extend $245,000 on the property. The parameters of the note also stipulate a five point origination fee that is to be paid at the closing and a 18 month, interest only note with a 10% interest rate.
Dixie must fund a total of $32,400 upon closing to pay the $105,000 down payment plus the $12,250 origination fee. Once the loan is closed and Dixie takes over the property, she will have to begin making monthly payments of $2,042 to Flourish Lending ($245,000 principle x 10% / 12 months). If Dixie achieves her goal of a $455,000 sales price at the end of the loan term, she would earn a total profit of $56,000 after repaying the principle on the note and subtracting the money she contributed at closing, the origination points, and the total monthly interest payments.
Jessie finds a duplex in Maryland Heights, MO to remodel and sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Trust Investment Group with the following parameters:
$150,000 sales price
55% loan-to-value (LTV)
6 month term
11% interest rate
1% origination fee
Jessie plans to sell the house when the note expires for $180,000. If he achieves this goal, the final numbers would be as follows:
$180,000 sales price
- $82,500 principle (55% LTV)
- $67,500 cash paid at closing (45% on 55% LTV)
- $825 origination points (1% of the $82,500 principle amount)
- $4,538 total interest paid (6 months x 11% interest)
-----------------------
= $24,638 total profit (doesn't include taxes or renovation costs)
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!
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!
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 is a private lender headquartered in Bethesda, MD. They provide loans in 46 states throughout the US. They provide short-term and long-term fix and flip loans, loans for rental properties, bridge loans, and ground-up new construction loans ...
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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 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 ...
Hard Money Mike is an asset-based lender headquartered in Littleton, CO offering loans in Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They provide lending solutions for a variety of situations, including commercial hard money loans and fix ...
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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 ...
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
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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 ...
Sherman Bridge Lending is a hard money lender headquartered in Irving, TX.They current lend in the following states: AL, CA, CO, FL, GA, KS, KY, MD, MO, NJ, NC, OH, OK, PA, SC, TN, TX, VA, WI and the District ...
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 ...
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LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
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Render Capital Group is a Hobart, IN based hard money lender. They offer loans in 15 states across the country. They offer loans for a variety of scenarios, including commercial hard money loans, hard money bridge loans, ...
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