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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!
Cos Cob, CT has 50 hard money lenders issuing loans in the city. Loan amounts average around $483,786. Rates on loans issued to Cos Cob investors average around 10.4%. 18 months is the average length for notes issued in this city. The mean origination fee applied to loans is 2.3%. Lenders typically offer a 69% loan to value on loans in Cos Cob.
Helene closes on a $380,000 rehab project in the Palmers Hill neighborhood of Cos Cob, CT, using a private money loan from Suburban Finance Corporation. The loan-to-value (LTV) on the loan is 85%. This means Helene will have to bring 15% of the sales price to closing and the principle amount will be $323,000 on the deal. The note is interest only, with monthly payments, and is for 18 months at 11% interest with 3 points to be paid when the deal closes.
Helene will need to contribute $57,000 at closing (15% on the 85% loan-to-value), plus she will have to pay the $9,690 origination fee. The monthly interest only payments will then be $2,961 to the lender. Helene's plan is to complete the renovation by the end of the 18 months and sell it for $494,000. If she succeeds she will make a gross profit of $51,015 ($494,000 price - $323,000 principle amount - $57,000 down payment - $9,690 origination fee - $53,295 in interest.
Jerry locates a house in the Palmers Hill neighborhood of Cos Cob, CT to remodel and re-sell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from North Star Lending Corporation with the following parameters:
$240,000 purchase price
70% loan-to-value (LTV)
6 month term
13% interest rate
3% origination fee
If Jerry succeeds in his goal of a $348,000 sales price, the outcome of the project would be the following:
$348,000 sales price
- $168,000 principle on note (70% LTV)
- $72,000 down payment (30% on 70% LTV)
- $5,040 origination fee (3% of the $168,000 principle amount)
- $10,920 total interest paid (6 months x 13% interest)
-----------------------
= $92,040 total profit (does not 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!
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!
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.
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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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(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.
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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 ...
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, ...
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial real estate loans. They issue loan amounts starting at $100,000 with no maximum. They will ...
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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 ...
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 ...
Founded in 2012 and headquartered in Austin, TX, Visio Lending is the nation’s leader in rental loans. We help investors grow their rental portfolios with our laser-like focus, streamlined process, innovative technology, and outstanding team. A strong leadership team backed ...
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 ...
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 ...
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% ...
Lend Some Money is a national private lender that makes hard money commercial loans for the refinance or purchase of non-owner-occupied residential and mixed-use commercial properties. Its industry-leading technology platform allows it to provide real estate investors and brokers ...
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 ...
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, ...
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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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 ...
T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...
Layla Capital is a direct lender based in Boca Raton, FL (formerly New York City) that specializes in small to middle market debt opportunities in primary and secondary markets nationwide, with a greater focus on the East Coast and Midwest. ...
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 ...
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, ...
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 ...
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. ...
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 ...
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. ...
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 ...
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 ...
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 ...
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. ...
1st Bridge is a private money lender based in Fair Lawn, NJ providing loans in New York City. They offer lending solutions for a variety of situations and needs, including hard money loans for commercial properties and short term ...
Avant Capital Partners is a New York, NY based private money lender who provides loans throughout Chicago, Washington DC, and Boston. They offer hard money bridge loans and commercial hard money loans. Their loan parameters are versatile, ...
Based in Ossining, NY, Poritzky Services, Inc is a hard money lender offering funding in New York City. Their focus is primarily on private commercial loans. Their loan parameters are flexible, including terms up to 1 year, ...
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 ...
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