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 Wales, Wisconsin
Wales, WI has 50 fix and flip hard money lenders in the city. In this city, the average note amount is $297,917. Rates for loans average 10.4%. The median term for loans is 26 months. The average hard money loan offered in the city carries a 3.6 percent origination charge. The average loan-to-value for loans in Wales is 74%.
Loan Example 1
Neil takes a fix and flip loan from Deep Lake Investments in order to rehab a townhome to resale in Wales, WI. The list price of the property is $310,000. The terms of the note include a 80% loan-to-value (LTV), so he must contribute 20% of the price as cash at closing, which makes the principle loan amount $248,000. The interest rate on the note is 14% for a term of 12 months and the lender requires a five point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be repaid after the property sells.
Accordingly, Neil will have to make a $62,000 down payment plus pay a $12,400 origination fee. The monthly interest-only payments will then be $2,893 to Deep Lake Investments. If he sells the remodeled project for $372,000 at the end of the 12 month term, his gross profit (not including rehab costs) would be $14,880. This is computed by taking the purchase price ($372,000) and subtracting the original note amount ($248,000), the origination cost ($12,400), the money he contributed to closing ($62,000), and the total interest payments ($34,720).
Loan Example 2
Frontera Finance Corporation issues a private money loan to Carl for a renovation project in Wales, WI. The loan dictates the following:
$370,000 sales price
85% loan to value (LTV)
12 month term
9% interest rate
2% origination fee
Carl plans to sell the property at the end of the term for $536,500. If he achieves this goal, the final numbers will be the following:
$536,500 sales price
- $314,500 principle (85% LTV)
- $55,500 cash paid at closing (15% on 85% LTV)
- $6,290 origination points (2% of the $314,500 principle amount)
- $28,305 total interest paid (12 months x 9% interest)
-----------------------
= $131,905 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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Chicago Rehab Loans
150 N Michigan Ave #2800
Chicago, IL 60601
Based in Chicago, IL, Chicago Rehab Loans is an asset-based lender offering funding throughout Chicago, Milwaukee, Madison, Gary, and South Bend. They offer commercial loans, construction loans, loans for rental properties, hard money bridge loans, fix-and-flip loans, ...
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. ...
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
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 ...
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 ...
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 ...
Do Hard Money
8846 S Redwood Road #C212
West Jordan, UT 84088
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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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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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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
Sherman Oaks, CA 91403
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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
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 ...
LendingOne
901 Yamato Rd, Suite 150
Boca Raton, FL 33431
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
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Sherman Bridge Lending
5000 Riverside Drive, Bldg. 5, Suite 100W
Irving, TX 75039
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 ...
Iron Bridge Lending
9755 SW Barnes Road, Suite 420
Portland, OR 97225
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
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Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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Hard Money Home LLC
5205 N Ironwood Rd, Suite 104
Glendale, WI 53217
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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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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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AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
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Milwaukee Hard Money
5601 W. NORTH AVE
MILWAUKEE, WI 53208
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Renovo Financial
222 W Adams St #1980
Chicago, IL 60606
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Geneva Lakes Funding
P.O. Box 237
Lake Geneva, WI 53147
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
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Medford Capital
5250 Old Orchard Rd. Suite 310
Skokie, IL 60077
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
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Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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Hallmark Funding
4360 Chamblee Dunwoody Rd, Suite 208
Atlanta, GA 30341
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Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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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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Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
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