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 Barre, Vermont
There are 30 fix and flip hard money lenders serving Barre, VT. The average note amount is $332,813. The average rate for private loans in Barre is 10.6%. 28 months is the average term for loans made in the city. The mean origination fee for loans is 2.6 percent. The median loan to value for loans in Barre is 73%.
Loan Example 1
Sergio is a house flipper in Barre, VT. He discovers an older property and wants to rehab it and flip it for a profit. The house has a cost of $280,000 but he does not have the full amount so he obtains a private money loan with Big Lake Investment Company. The lender agrees to make a loan with a 70% loan-to-value (LTV) so they will extend $196,000 on the project. The terms of the loan dictate a 11% note for 18 months. They also stipulate a 2 point origination fee, which will also have to be paid at closing.
Accordingly, the borrower will be required to make a $84,000 down payment in addition to paying a $3,920 origination fee. Big Lake Investment Company will collect $1,797 in monthly interest payments from the borrower. This is calculated by taking the full loan value of $196,000, multiplying by the 11% rate of interest, and then dividing that amount by 12. If Sergio sells the house for $336,000 after 18 months, he would realize a total profit of $19,740 after subtracting the principle amount of $196,000, the funds contributed at the close of $84,000, the origination points of $3,920, and the aggregate interest payments of $32,340. This gross profit does not account for building costs.
Loan Example 2
Karin is a real estate investor in Barre, VT. She finds an older property for a remodeling project and obtains a fix and flip loan from Downtown Lending Group with the following features:
$300,000 sales price
75% loan-to-value (LTV)
6 month term
8% rate of interest
3% origination fee
Assuming a $390,000 sales price at the end of the 6 month term, the final numbers for this project would look like the following:
$390,000 sales price
- $225,000 note principle (75% LTV)
- $75,000 down payment (25% on 75% LTV)
- $6,750 origination fee (3% of the $225,000 principle)
- $9,000 total interest paid (6 months x 8% interest)
-----------------------
= $74,250 gross profit (doesn't 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.
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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Stratton Equities
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Pine Brook, NJ 07058
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Next-Financing
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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Stormfield Capital
35 Old Post Road
Southport, CT 06890
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Dominion Financial
32 S Street
Baltimore, MD 21202
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Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
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Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
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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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Peak Choice Capital
601 Silver Creek Drive
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National Advance Group
1 Linden Place
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Sunset Equity Funding
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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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Miami, FL 33145
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Aegis Funding
2100 Main Street, suite 265
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Quickline Capital Partners
4713 Crossroads Park Drive Suite 101
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Northeast Lending Services
8431 Liberty Avenue
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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
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Allied Commercial Funding
5737 Kanan Rd
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Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial ...
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3505 Veterans Memorial Highway, Suite D
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Foxpoint Lending
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Wallace Capital
132 Lincoln Street, Suite 6L
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