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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!
Surprise, AZ has 50 fix-and-flip lenders serving the city. The mean loan made to borrowers is approximately $294,584. Interest rates on hard money loans made to Surprise investors average 10.4%. 18 months is the mean length for loans offered in this city. A typical loan offered in this city includes a 2.1 point origination fee. Lenders typically offer a 77% LTV on deals in Surprise.
Matthew takes a private money loan from Frontera Finance Group in order to rehab a house to resale in Surprise, AZ. The sales price of the property is $230,000. The lender agrees to make a loan with a 70% loan-to-value (LTV) so they will loan $161,000 on the house. The parameters of the deal dictate a 11% note for 12 months. They also require a 4 point origination fee, which will also need to be paid at closing.
On top of the $6,440 origination fee, Matthew will also fund $69,000 of the purchase with his own money, or 30% of the purchase price. The lender will collect $1,476 in monthly interest payments from the Matthew. This is computed by taking the total loan amount of $161,000, multiplying that by the 11% rate of interest, and then dividing that number by 12. Matthew's plan is to complete the remodel within the 12 months and resell it for $310,500. If he succeeds he will make a gross profit of $56,350 ($310,500 sales price - $161,000 principle amount - $69,000 cash paid at closing - $6,440 origination points - $17,710 in total interest paid.
Bradley finds a duplex in Surprise, AZ to rehab and sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from K & M Lending Company with the following parameters:
$180,000 sales price
55% loan-to-value (LTV)
12 month term
10% interest rate
2% origination fee
If Bradley accomplishes his goal of a $261,000 sales price, the final numbers of the deal would be the following:
$261,000 sales price
- $99,000 principle (55% LTV)
- $81,000 down payment (45% on 55% LTV)
- $1,980 origination points (2% of the $99,000 principle)
- $9,900 interest payments (12 months x 10% interest)
-----------------------
= $69,120 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!
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.
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!
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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Capella Mortgage is a private lender in Las Vegas, NV offering funding throughout Nevada, California, and Arizona. They offer loans for a variety of needs and situations, including rental property loans and fix-and-flip hard money loans. ...
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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 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 ...
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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 ...
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 ...
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 ...
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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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Legacy Group Capital (Legacy) is an integrated real estate company focused on community-based engagement in private lending and real estate investing. Legacy empowers homebuilders, real estate investors, homeowners, and homebuyers with a flexible lending and investment platform. The Legacy platform ...
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Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, & Utah.They offer loans for a variety of situations, including fix-and-flip, fix-and lease, spec construction, and manufactured home set up ...
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