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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!
West New York, NJ has 50 fix-and-flip hard money lenders serving the city. The median loan made to borrowers is around $368,611. The median rate for hard money loans in West New York is 11.0%. 17 months is the median length for notes issued in the city. The average origination percentage applied to loans is 2.6%. The mean loan to value (LTV) for loans in West New York is 71%.
Clifton takes a fix-and-flip loan from Axis Finance in order to renovate a duplex to flip in West New York, NJ. The list price of the house is $360,000. The loan to value (LTV) on the loan is 55%. This means Clifton will have to bring 45% of the purchase price to the closing and the principle amount will be $198,000 on the deal. The terms of the deal also include a two point origination fee that will be paid at the closing and a 12 month, interest-only note with a 9% interest rate.
Clifton will need to bring $162,000 at closing (45% on the 55% loan-to-value), plus he will have to pay the $3,960 origination fee. Axis Finance will collect $1,485 in monthly interest payments from the borrower. This is computed by taking the total loan amount of $198,000, multiplying by the 9% interest rate, and then dividing that amount by 12. If Clifton achieves his goal of a $522,000 sales price when the loan expires, he would make a total profit of $140,220 after repaying the principle on the note and subtracting the cash he brought to closing, the origination points, and the total monthly interest payments.
Laverne finds a duplex in West New York, NJ to remodel and re-sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from South Shore Investment Group with the following parameters:
a) A $340,000 sales price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 5% origination fee.
Laverne plans to sell the project at the end of the term for $425,000. If she succeeds, the outcome will be as follows:
$425,000 sales price
- $272,000 principle (80% LTV)
- $68,000 cash paid at closing (20% on 80% LTV)
- $13,600 origination points (5% of the $272,000 principle)
- $36,720 total interest paid (18 months x 9% interest)
-----------------------
= $34,680 total 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!
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 ...
"WE LEND YOU GROW" Xpress Loans 911 believes that your business should have ready access to working capital, just like big corporations do. So, we pair you with funders that focus on working with small and mid-sized businesses and are ...
Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
(212) 634-7899 - Loan Fundr a premier Nationwide asset-based lender using technology to close loans fast. We think creatively, providing fair and transparent loans that get our clients what they need.
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 ...
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 ...
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 ...
Based in Rockville, MD, ACC Mortgage is a hard money lender offering loans in 16 states across the country. They offer fix and flip loans, commercial loans, private refinancing, and buy and hold loans. Their loan parameters ...
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 ...
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
Do Hard Money is a hard money lender based in West Jordan, UT providing funding in 13 states throughout the United States. Their lending focus is primarily on fix-and-flip hard money loans. Their lending guidelines are flexible, including ...
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 ...
New Silver is a fintech that provides fast financing to real estate investors who focus on fix and flip residential projects. New Silver’s software accelerates, automates and streamlines loan originations, while using data to reduce default risk. You can get ...
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 ...
Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
First Equity Funding is hard money lender based in Sea Grit, NJ. They provide loans throughout New Jersey, New York, and Pennsylvania. They offer construction loans and fix-and-flip hard money loans. Their lending guidelines are ...
Based in Coeur d'Alene, IA, COGO Capital is an asset-based lender providing loans in 45 states throughout the US. They provide private commercial loans, fix-and-flip loans, and loans for investments properties. Their loan guidelines are flexible, including ...
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 ...
Based in Falls Church, VA, Washington Capital Partners is a direct hard money lender providing loans in Washington DC, Maryland, Virginia, Pennsylvania, North Carolina, and beyond. They offer lending solutions for a variety of investing strategies, including fix and flip ...
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
Asset Based Lending LLC is a Hoboken, NJ based hard money lender who offers funding in 9 states across the US. They offer loans for a variety of scenarios, including new construction loans, hard money refinancing, loans for investments ...
Residential Capital Partners is hard money lender based in Dallas, TX. They offer funding in North Carolina, South Carolina, New Jersey, New York, Connecticut, Pennsylvania, and Texas. They offer lending solutions for many different needs and ...
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
Headquartered in Columbia, MD, Hard Money Bankers is an asset-based lender offering loans in Maryland, Virginia, Washington DC, Pennsylvania, and New Jersey. They offer lending solutions for many different needs and situations, including private refinancing, commercial loans, fix ...
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 ...
Straightline Funding is direct hard money lender that provides loans in many larger metro areas throughout the US. We specialize in 1-4 family loans for investors. Our loan menu consists of:R2R (Residential For Rent): 30 Year fixed rate loans for ...
LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
Navesink River Capital is an asset-based lender in Freehold, NJ providing funding throughout New Jersey and New York. They provide lending solutions for a variety of scenarios, including short term loans, fix and flip loans, and commercial hard ...
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
Ashmore Partners is a private lender headquartered in Turnersville, NJ providing funding nationwide for 1-4 unit non-owner occupied residential real estate. Fix and Flip funding up to 90% of the purchase and 100% of construction financing with a maximum LTV ...
Sherman Bridge Lending is a hard money lender headquartered in Irving, TX.They current lend in the following states: AL, CA, CO, FL, GA, KS, KY, MD, MO, NJ, NC, OH, OK, PA, SC, TN, TX, VA, WI and the District ...
Based in Pittsburgh, PA, GMA Hard Money is a private lender offering funding in Chicago, Newark, and Pittsburgh. They offer fix and flip loans, cash out hard money loans, buy and hold loans, and private commercial loans. ...
Headquartered in New York, NY, Blue Funding is a hard money lender providing loans throughout New York and Brooklyn. They offer lending solutions for a variety of scenarios, including fix and flip hard money loans, long term rental property ...
Dimension Equities is a New York, NY based private money lender who provides funding throughout New York City. They provide fix and flip loans, commercial loans, loans for rental properties, short term loans, and cash out loans. ...
Parapet Capital is a New York, NY based hard money lender. They provide loans in New York City. They offer short term loans, fix and flip loans, and rental property loans. They issue terms up ...
Hard Money Loans New York is a hard money lender headquartered in Brooklyn, NY providing funding in New York City. They provide loans for many different scenarios, including loans for investments properties, hard money bridge loans, fix-and-flip loans, ...
Fort Amsterdam Capital is a New York, NY based hard money lender who provides loans throughout New York City. They provide fix-and-flip hard money loans, loans for rental properties, private commercial loans, and bridge loans. They issue ...
Hard Money Brooklyn is a private money lender headquartered in Brooklyn, NY offering loans throughout New York City. They provide investment property loans, fix-and-flip loans, private commercial loans, and short term loans. Their lending guidelines are versatile, ...
Gauntlet Funding is private lender headquartered in Melville, NY. They provide loans in New York City. They offer private commercial loans, rental property loans, and fix and flip hard money loans. ...
Andreadis Capital is an Atoria, NY based hard money lender. They offer funding in New York City. They offer loans for many different scenarios, including hard money loans for commercial properties, fix-and-flip hard money loans, and buy ...
Excel Realty Capital is a New York, NY based private lender. They offer funding in New York City. They offer loans for a variety of scenarios, including hard money construction loans, short term loans, cash out loans, fix-and-flip ...
Manhattan Bridge Capital is a Great Neck, NY based private money lender who offers funding throughout New York City. They provide long term rental property loans, ground-up construction loans, fix and flip loans, and hard money bridge loans. ...
JCL Capital is private lender headquartered in White Plains, NY. They offer funding in New York City. They offer loans for many different scenarios, including short term loans, ground-up construction loans, and short term fix and ...
Continental Finance Corporation is private lender headquartered in New York, NY. They offer funding in New York City. They provide lending solutions for many different situations and needs, including new construction loans, loans for rental properties, commercial ...
BD Capital is a Watchung, NJ based hard money lender who provides funding throughout the following locations: Essex County, Hudson County, Middlesex County, Monmouth County, Ocean County, Atlantic County, Cape May County, Kings County, Westchester County, Queens County, Nassau County, ...
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