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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!
A total of 50 records for fix and flip hard money lenders were found in Fresno, TX. The mean loan amount is $314,688. Interest rates for hard money loans average about 10.6%. 21 months is the mean length for loans issued in the city. The average note includes a 3.1 percent origination charge. The average LTV offered for loans in Fresno is 69%.
Tina finds a duplex in Fresno, TX to remodel and resell. Since she doesn't have enough cash on-hand to buy the $380,000 property outright, she takes out a fix-and-flip loan from Fair View Finance. The loan-to-value (LTV) on the loan is 80%. This means Tina will bring 20% of the purchase price to closing and the principle amount will be $304,000 on the deal. The deal also consists of the following features: 1) a 12 month term, 2) a 14% interest only note, and 3) a three percent origination charge.
Tina will have to contribute $76,000 to closing (20% on the 80% LTV), plus she will pay the $9,120 origination fee. The monthly interest only payments will then be $3,547 to Fair View Finance. If Tina sells the house for $570,000 after 12 months, she would earn a gross profit of $138,320 after deducting the principle of $304,000, the funds contributed at closing of $76,000, the origination points of $9,120, and the total interest payments of $42,560. This amount doesn't include remodeling costs.
Melba finds a house in Fresno, TX to renovate and sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from West Shore Lending Corporation with the following parameters:
$310,000 sales price
75% loan to value (LTV)
6 month term
14% rate of interest
1% origination fee
Assuming a $465,000 sales price at the end of the 6 month term, the final numbers for this deal would look like this:
$465,000 sales price
- $232,500 note principle (75% LTV)
- $77,500 down payment (25% on 75% LTV)
- $2,325 origination points (1% of the $232,500 principle)
- $16,275 interest payments (6 months x 14% interest)
-----------------------
= $136,400 gross profit (does not include taxes or renovation costs)
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!
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
The ORIGINAL LENDER of NOT requiring any of the below: NO Application, tax returns, credit check, appraisals, pre-inspection, prepay penalty, upfront fees, survey, bank statements or employment!
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.
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!
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Hard money loans are all about financial leverage. These are short-term loans from 6 months to 5 years, with less verification for the borrower than conventional loans. These cover purchases, refinances, fix-n-flips and other leverage scenarios involving real estate. When ...
Capstone Capital Partners is hard money lender based in Austin, TX. They provide funding in Dallas, Austin, San Antonio, Fort Worth, and Houston. They provide commercial hard money loans, rental property loans, builder loans, hard money ...
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Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
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Gold Quest Group is private money lender based in Austin, TX. They provide loans throughout Houston. They offer loans for many different needs and situations, including fix and flip loans, hard money refinancing, and investment property ...
212 Loans is a San Antonio, TX based private lender offering loans across these areas: Los Angeles, San Diego, Denver, Phoenix, Dallas, Fort Worth, Austin, San Antonio, Houston, Galveston, Chicago, Nashville, Atlanta, Charlotte, and Tampa. They offer loans ...
Streamline Funding is a private lender headquartered in Austin, TX providing loans across these locations: Dallas, Houston, Austin, San Antonio, Waco, College Station, Laredo, Corpus Christi, Port Aransas, and Brownsville. They provide loans for a variety of situations, ...
Based in Garland, TX, Rehabbers Capital is a private lender providing funding throughout these areas: Dallas, Fort Worth, Houston, Austin, Waco, Temple, Killeen, and Tyler. They offer fix and flip loans and long term rental property loans. ...
Red Door Funding is a private money lender based in Stafford, TX providing loans in Houston, Austin, and San Antonio. They provide lending solutions for many different scenarios, including buy and hold loans and fix-and-flip loans. They ...
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 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, ...
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 ...
Noble Capital is private money lender based in Austin, TX. They provide loans in Texas. They provide fix-and-flip hard money loans and buy and hold loans. The focus of their lending is ...
Cox Property Capital is a Cypress, Texas based hard money lender. They offer fix and flip loans from 7.19%, rental loans from 5.99%, and commercial loans with very competitive rates.
Headquartered in Chicago, IL, Renovo Financial is an asset-based lender providing funding across these locations: Chicago, Milwaukee, Detroit, Indianapolis, Cleveland, Cincinnati, Columbus, Philadelphia, Atlanta, Orlando, Tampa, Miami, Austin, San Antonio, Houston, St Louis, and Kansas City. They provide ...
Mobius Capital is a private money lender offering funding across the following areas: San Diego, Los Angeles, San Jose, San Francisco, Dallas, Houston, Austin, and San Antonio. They offer lending solutions for a variety of scenarios, including buy ...
GL&L Holdings is a Houston, TX based hard money lender. They offer loans in Houston. They provide loans for a variety of needs and situations, including fix and flip hard money loans, loans for investments properties, and ...
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Holt Investment Capital is a private lender headquartered in Houston, TX providing funding throughout Houston. They provide loans for investments properties and fix and flip loans. They provide rates ranging between 10% and 14%, terms ...
Urban Coyote Funding is a private money lender headquartered in Dallas, TX offering loans throughout Dallas, Houston, Austin, and San Antonio. They offer fix-and-flip hard money loans, commercial hard money loans, and loans for rental properties. ...
Jet Lending is a private lender based in Houston, TX providing loans throughout Houston. They offer loans for many different scenarios, including loans for rental properties and fix-and-flip hard money loans. Their lending parameters are versatile, including ...
DP Martone Capital is hard money lender headquartered in Spring, TX. They offer funding in Houston. They provide ground up construction loans, cash out hard money loans, long term rental property loans, fix-and-flip hard money loans, short ...
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Priority Investor Loans is a hard money lender headquartered in Houston, TX providing loans throughout Houston. They offer lending solutions for many different situations and needs, including fix-and-flip hard money loans and long term rental property loans. Their ...
Manana Funding is private money lender based in Austin, TX. They offer loans throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They offer lending solutions for many different situations, including investment property loans and fix ...
Steadfast Funding is an Austin, TX based hard money lender who offers loans throughout Dallas, Austin, San Antonio, Fort Worth, and Houston. They provide loans for a variety of scenarios, including fix-and-flip hard money loans, hard money construction ...
Headquartered in Austin, TX, Prein Funding is a private money lender providing loans in Austin, San Antonio, Houston, Dallas, and Fort Worth. They offer short term bridge loans, private commercial loans, fix-and-flip loans, and long term rental ...
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Ellis Equity is a hard money lender based in Houston, TX offering loans throughout Houston. They offer commercial hard money loans, rental property loans, refinancing, and fix-and-flip loans. They provide terms between 6 months and 24 ...
Newbridge Investments, LLC is a Houston, TX based hard money lender who offers funding in Houston. They provide loans for many different situations, including fix-and-flip loans and investment property loans. The focus of their ...
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