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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 results for fix-and-flip hard money lenders were found in Wilson, TX. The mean amount for loans is $296,389. Rates on loans made to Wilson investors average about 11.4%. The typical loan made in the city has a term of 19 months. The mean points charged for the loans is 2.7%. 74% is the typical loan to value for for loans in Wilson.
Sunrise Lending Company issues a private money loan to Desiree for a remodeling project in Wilson, TX, on a house that is listed for $320,000. As the lender agrees to a 85% loan to value, Desiree will need to put 15% down and the total amount of the note will be $272,000. The loan also includes these features: 1) a 12 month length, 2) a 10% interest only note, and 3) a three point origination charge.
Desiree must bring a total of $32,400 up front to pay the $48,000 down payment plus the $8,160 origination fee. Once the loan is closed and Desiree takes the project, she will have to begin making payments each month of $2,267 to Sunrise Lending Company ($272,000 principle x 10% / 12 months). Desiree's intention is to finish the renovation by the end of the 12 months and re-sell it for $384,000. If she succeeds she will make a profit of $28,640 ($384,000 price - $272,000 principle amount - $48,000 cash paid at closing - $8,160 origination fee - $27,200 in total interest.
Alisa is a an investor in Wilson, TX. She finds a run-down house for a remodeling project and takes a private money loan from West Shore Finance with the following terms:
$370,000 sales price
55% loan to value (LTV)
12 month term
14% interest rate
1% origination fee
After the rehab project is completed, if Alisa sells the property for $536,500, the final numbers would be the following:
$536,500 sales price
- $203,500 principle on note (55% LTV)
- $166,500 cash paid at closing (45% on 55% LTV)
- $2,035 origination fee (1% of the $203,500 principle)
- $28,490 total interest paid (12 months x 14% interest)
-----------------------
= $135,975 total 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.
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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 ...
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. ...
Headquartered in Austin, TX, Loan Ranger Capital is an asset-based lender offering funding in Texas. They provide loans for many different situations and needs, including fix and flip loans, hard money construction loans, and buy and hold loans. ...
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 ...
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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Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...
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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 ...
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 ...
Center Street Lending is a private lender headquartered in Irvine, CA offering loans in 13 states 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 ...
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The ORIGINAL LENDER of NOT requiring any of the below: - NO Application - NO Tax Returns- NO Credit Check - NO Appraisals - NO Pre-Inspection - NO Prepay Penalty - NO Upfront Fee - NO Survey - NO Bank ...
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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