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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!
Schenectady, NY has 50 fix-and-flip hard money lenders serving the city. The mean amount loaned in this city is $291,786. The mean interest rate for hard money loans in Schenectady is 12.3%. The typical term for loans is 38 months. A typical hard money loan made in this city carries a 3.5 percent origination fee. The typical LTV for loans in Schenectady is 71%.
Shirley closes on a $310,000 renovation project in Schenectady, NY, using a fix and flip loan from Superior Investment Group. The lender agrees to issue a loan with a 85% loan to value (LTV) so they are willing to loan $263,500 on the project. The loan is interest-only, with monthly payments, and is for 12 months at 10% interest with 3 points paid at closing.
Therefore, Shirley will be required to contribute a $46,500 down payment plus pay a $7,905 origination fee. After the loan is executed and Shirley takes the project, she will have to begin making monthly payments of $2,196 to Superior Investment Group ($263,500 principle x 10% / 12 months). If Shirley sells the property for $387,500 after 12 months, she would realize a gross profit of $43,245 after subtracting the principle amount of $263,500, the funds contributed at the close of $46,500, the origination points of $7,905, and the total interest payments of $26,350. This gross profit does not include rehab costs.
Yellow Sun Funding Group issues a private money loan to Vera for a remodeling project in Schenectady, NY. The loan includes the following:
a) A $150,000 purchase price, b) a 65% loan to value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 4% origination fee.
After the rehab project is completed, if Vera sells the house for $187,500, the numbers would be the following:
$187,500 sales price
- $97,500 loan principle (65% LTV)
- $52,500 down payment (35% on 65% LTV)
- $3,900 origination points (4% of the $97,500 principle amount)
- $8,775 interest payments (12 months x 9% interest)
-----------------------
= $24,825 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!
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!
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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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 ...
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Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...
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 ...
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Express Hard Money is private money lender headquartered in Jersey City, NJ. They provide funding in New York, New Jersey, and Connecticut. Their lending focus is mainly on fix and flip hard money loans. ...
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
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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Sachem Capital is a Branford, CT based hard money lender. They provide loans throughout New York, New Jersey, and Connecticut. They offer commercial loans, fix and flip loans, investment property loans, and bridge loans. They ...
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Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Rehab Financial Group is hard money lender based in Rosemont, PA. They offer loans in 15 states across the US. They offer lending solutions for a variety of scenarios, including fix and flip loans, short term loans, ...
Headquartered in New York, NY, Sky Equity is an asset-based lender providing funding in New York, New Jersey, Connecticut, Pennsylvania, Washington DC, Virginia, and Florida. They offer bridge loans, fix-and-flip loans, and loans for investments properties. ...
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Based in Great Neck, NY, National Advance Group is an asset-based lender providing loans in 50 states across the United States. They offer lending solutions for a variety of scenarios, including commercial hard money loans and fix-and-flip hard money ...
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