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 Belcourt, North Dakota
Belcourt, ND has 23 fix and flip hard money lenders serving the city. In this city, the average note amount is $285,500. Rates for hard money loans average around 10.5%. The mean length offered for loans is 36 months. The average loan made in this city carries a 6.1 percent origination cost. Lenders in Belcourt average a 75% loan-to-value (LTV) on their loans.
Loan Example 1
Vera takes a private money loan from Urban Funding in order to rehab a townhouse to resale in Belcourt, ND. The sales price of the property is $260,000. The lender agrees to make a note with a 75% loan to value (LTV) so they will extend $195,000 on the house. The interest rate on the loan is 8% for a length of 12 months and the lender requires a three point origination fee at the close. The interest is to be paid monthly and the principle amount will be returned after the property sells.
The borrower will need to bring a total of $32,400 up front to pay the $65,000 down payment in addition to the $5,850 origination fee. The monthly interest only payments will then be $1,300 to Urban Funding. Assuming she sells the rehabed house for $377,000 at the end of the 12 month term, her gross profit (not including renovation costs) would be $95,550. This is calculated by taking the sales price ($377,000) and subtracting the original principle ($195,000), the origination fee ($5,850), the funds she contributed to closing ($65,000), and the total interest payments ($15,600).
Loan Example 2
Flourish Funding issues a fix and flip loan to Hazel for a rehab project in Belcourt, ND. The loan includes the following:
a) A $200,000 purchase price, b) a 65% loan to value (LTV), c) a 12 month term, d) a 8% interest rate, and e) a 1% origination fee.
If Hazel achieves her goal of a $280,000 sales price, the final numbers of the deal will be as follows:
$280,000 sales price
- $130,000 note principle (65% LTV)
- $70,000 down payment (35% on 65% LTV)
- $1,300 origination points (1% of the $130,000 principle amount)
- $10,400 interest payments (12 months x 8% interest)
-----------------------
= $68,300 total profit (doesn't include taxes or rehab costs)
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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
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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 ...
Dominion Financial
32 S Street
Baltimore, MD 21202
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COGO Capital
1121 E. Mullan Ave
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Patch Lending
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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
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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
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American Land and Capital
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Lakeville, MN 55044
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National Advance Group
1 Linden Place
Great Neck, NY 11021
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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
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REI Capital
5660 Strand Court
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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
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Aegis Funding
2100 Main Street, suite 265
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Quickline Capital Partners
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