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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!
Selma, OR has 50 fix and flip lenders offering loans in the city. In this city, the average loan amount is $298,438. Interest rates for hard money loans average around 11.7%. 14 months is the average term for notes issued in the city. The average loan includes a 3.1 point origination fee. 76% is the median loan-to-value (LTV) for offered by lenders in Selma.
USA Lending Company makes a fix-and-flip loan to Belinda for a rehab project in Selma, OR, on a property that costs $230,000. Because the lender agrees to a 60% loan-to-value, Belinda will be required to put 40% down and the amount of the loan will be $138,000. The loan is interest-only, with monthly payments, and is for 6 months at 9% interest with 5 origination points paid at closing.
In accordance with the terms of the loan, Belinda will be required to contribute a $6,900 origination fee in addition to 40% of the sales price, or $92,000, since there is a 60% LTV. she must then pay $1,035 per month to the lender. At the end of the loan, she sells the renovated property for $322,000. After subtracting the $6,210 in interest expenses ($1,035 multiplied times 6 months), the $6,900 origination fee, the $138,000 principle amount on the loan, and the $92,000 she brought to the closing, she will make a total profit of $78,890 ($322,000 sales price minus $243,110 in costs). This amount would then be reduced by any building costs paid by the borrow.
Jeffery locates a townhouse in Selma, OR to rehab and resell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Allstar Funding Company with the following parameters:
$270,000 sales price
65% loan-to-value (LTV)
12 month term
9% interest rate
4% origination fee
After the rehab project is finished, if Jeffery sells the property for $405,000, the numbers would be the following:
$405,000 sales price
- $175,500 principle (65% LTV)
- $94,500 cash paid at closing (35% on 65% LTV)
- $7,020 origination points (4% of the $175,500 principle amount)
- $15,795 interest payments (12 months x 9% interest)
-----------------------
= $112,185 total profit (doesn't include taxes or rehab costs)
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!
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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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 ...
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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Capital Fund 1 is a Scottsdale, AZ-based hard money lender who offers funding throughout the Southwest. CF1 provides lending solutions to fit the needs of real estate investors, including new construction loans, commercial loans, refinancing, investment property loans, and short-term ...
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Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get ...
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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 ...
Based in Greenwood Village, CO, Merchants Mortgage & Trust Corporation is a private lender providing loans in 9 states throughout the U.S. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
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Based in Seattle, WA, Pyatt Broadmark Management is a hard money lender offering loans throughout Washington, Oregon, and Idaho. They provide fix and flip hard money loans, buy and hold loans, hard money loans for commercial properties, ...
Westar Funding is private lender headquartered in Mukilteo, WA. They offer loans in Washington, Oregon, and Idaho. They provide commercial loans, short term loans, hard money construction loans, and fix-and-flip loans. They offer ...
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Ascent Capital is a Northwest based private portfolio lending company. We have deep roots in the lending industry and take a disciplined approach to every real estate transaction we fund. Ascent is built on high standards, offering fair, ...
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Wasatch Credit Association is a Bountiful, UT based private money lender providing funding in Oregon. They provide lending solutions for a variety of situations, including bridge loans, construction loans, short term fix and flip loans, cash out loans, hard ...
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Value Mortgage is a Tualatin, OR based private lender. They offer loans in Oregon, Washington, and California. Their focus is primarily on fix and flip hard money loans. Their loan parameters are versatile, including loans ...
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial ...
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...
Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...
Eastside Funding is a Kirkland, WA based private money lender. They offer loans throughout Washington, Oregon, and Idaho. They offer lending solutions for a variety of situations, including commercial loans, short term loans, fix-and-flip hard money loans, ...
Helvetica Funding Group is a Carlsbad, CA based private money lender who offers loans in California, Arizona, Florida, Oregon, and Texas. They provide hard money loans for commercial properties, private refinancing, fix and flip hard money loans, hard ...
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Inland Capital is a Spokane, WA based hard money lender. They provide funding throughout Washington, Idaho, and Oregon. They offer short term fix and flip loans, hard money refinancing, private commercial loans, hard money construction loans, ...
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