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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!
Brighton, CO has 50 hard money lenders serving the city. In this city, the mean note amount is $285,715. The mean rate for private loans in Brighton is 10.9%. The typical length for loans is 21 months. The average hard money loan issued in the city carries a 3.8 point origination charge. The average loan-to-value for loans in Brighton is 71%.
Juana finds a property in Brighton, CO to flip and sell. Since she doesn't have enough cash to purchase the $310,000 house outright, she decides to take out a private money loan from Big Lake Funding Company. The loan to value (LTV) on the note is 85%. This means Juana will need to bring 15% of the purchase price to the closing and the principle amount will be $263,500 on the note. The interest rate on the note is 13% for a length of 18 months and the company requires a four point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.
Accordingly, Juana will be required to contribute a $46,500 down payment in addition to paying a $10,540 origination fee. The monthly interest only payments will then be $2,855 to the lender. Juana's plan is to finish the house within the 18 months and sell it for $372,000. If she succeeds she will earn a gross profit of $78 ($372,000 price - $263,500 principle amount - $46,500 down payment - $10,540 origination fee - $51,383 in total interest paid.
Janine takes out a hard money loan from South Star Investment Company so she can rehab a townhouse to re-sell in Brighton, CO. The loan has the following parameters:
a) A $240,000 purchase price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 4% origination fee.
Assuming a $288,000 sales price after the 18 month term, the final numbers for this project would look like the following:
$288,000 sales price
- $156,000 principle on note (65% LTV)
- $84,000 cash paid at closing (35% on 65% LTV)
- $6,240 origination fee (4% of the $156,000 principle)
- $32,760 interest payments (18 months x 14% interest)
-----------------------
= $9,000 gross profit (does not 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!
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.
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!
The Investor’s Source is a Loveland, CO based hard money lender. We are Colorado and Wyoming's premier hard money lender - specializing in low money-down deals. Up to 100% of PP and rehab. We lend throughout CO & WY, work ...
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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, ...
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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 ...
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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 ...
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 ...
Taylor Mortgage Group is an Elizabeth, CO based hard money lender who offers funding throughout Colorado. They offer lending solutions for many different situations, including fix-and-flip hard money loans, ground up construction loans, private commercial loans, and bridge ...
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 ...
Cardinal Financial is hard money lender headquartered in Denver, CO. They provide funding in Colorado. They provide commercial loans and fix and flip loans. Their lending parameters are versatile, including rates starting at 8% ...
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 ...
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Silver Hill Funding is private lender based in Coral Gables, FL. They provide funding in 39 states throughout the United States. Their lending focus is primarily on commercial loans. They provide rates ranging between 6% ...
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 ...
The Legacy Group is a Colorado Springs, CO based private lender who offers loans in 8 states throughout the United States. Their lending focus is primarily on commercial hard money loans. They make loans ...
Easy Street Capital is an asset-based lender providing funding in California, Texas, Tennessee, Colorado and Washington.Easy Street Capital is a relationship lender with loan programs for every borrower. Regardless of experience or credit we are able to finance your next ...
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. ...
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 ...
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TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
Based in Boulder, CO, Aloha Capital is an asset-based lender offering funding in Washington DC, Maryland, Virginia, and Colorado. They offer loans for many different needs and situations, including long term rental property loans, hard money bridge loans, ...
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 ...
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 ...
Abbey Mortgage & Investments is an asset-based lender in Berthoud, CO providing funding across the following areas: Denver, Berthoud, Loveland, Fort Collins, Longmont, Golden, Boulder, and Colorado Springs. They offer loans for many different needs and situations, including ...
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VRM Capital Corporation is hard money lender based in Conifer, CO. They offer loans throughout Denver. They offer short term bridge loans, fix and flip loans, commercial loans, and buy and hold loans. Their loan ...
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