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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!
Bay, AR has 47 lenders issuing loans in the city. Loan amounts average around $298,750. Rates on loans made to Bay investors average around 9.7%. 20 months is the median length for notes issued in the city. The mean origination percentage charged on the loans is 3.3%. 76% is the average loan-to-value offered for offered by lenders in Bay.
Bridget is a house flipper in Bay, AR. She locates an older property and decides to renovate it and sell it for a profit. The property has a cost of $230,000 but she doesn't have the full amount so she takes out a private money loan with Presitge Lending Group. The lender agrees to write a loan with a 85% loan-to-value (LTV) so they are willing to extend $195,500 on the house. The note is interest only, with monthly payments, and is for 18 months at 8% interest with 5 origination points to be paid when the deal closes.
Accordingly, the borrower will be required to make a $34,500 down payment in addition to paying a $9,775 origination fee. she must then pay $1,303 per month to the lender. Bridget's intention is to complete the remodel by the end of the 18 months and sell it for $287,500. If she succeeds she will make a total profit of $24,265 ($287,500 sales price - $195,500 principle - $34,500 down payment - $9,775 origination points - $23,460 in interest.
Theodore takes a loan from Big City Finance Group in order to rehab a house to re-sell in Bay, AR. The loan has the following parameters:
$360,000 sales price
55% loan to value (LTV)
12 month term
10% interest rate
4% origination fee
If Theodore accomplishes his goal of a $432,000 sales price, the final numbers of the project will be the following:
$432,000 sales price
- $198,000 note principle (55% LTV)
- $162,000 down payment (45% on 55% LTV)
- $7,920 origination points (4% of the $198,000 principle)
- $19,800 interest payments (12 months x 10% interest)
-----------------------
= $44,280 gross profit (doesn't include taxes or renovation 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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Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
(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.
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 ...
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 ...
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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AMUSA Commercial Capital is a Dallas, TX based private money lender. They provide funding throughout the country. Their lending focus is mainly on non-bankable commercial real estate loans and Investment 1 to 4 loans. Their loan guidelines are flexible, including ...
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Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
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