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Hard Money Loans in Elgin, Arizona
A total of 50 results for hard money lenders were found in Elgin, AZ. The average loan amount is $385,715. Interest rates for hard money loans average 11.0%. 29 months is the average length for loans made in the city. The mean loan includes a 2.8 point origination charge. 68% is the median loan-to-value (LTV) for offered by lenders in Elgin.
Loan Example 1
Arthur is an investor in Elgin, AZ. He locates an older property for sale and decides to rehab it and sell it for a profit. The property has a cost of $190,000 but he does not have the full amount so he takes out a hard money loan with Big Lake Finance Group. The loan-to-value (LTV) on the deal is 70%. This means that Arthur will have to bring 30% of the purchase price to the closing and the principle will be $133,000 on the note. The rate on the note is 11% for a term of 6 months and the lender requires a one point origination fee at the closing. The interest is to be paid monthly and the principle amount will be paid back after the sale of the property.
On top of the $1,330 origination fee, Arthur will also fund $57,000 of the purchase with his own funds, or 30% of the purchase price. Big Lake Finance Group will collect $1,219 in monthly interest from the borrower. This is calculated by taking the total note value of $133,000, multiplying by the 11% rate of interest, and then dividing that amount by 12. Arthur's intention is to complete the rehab within the 6 months and sell it for $228,000. If he succeeds he will earn a gross profit of $29,355 ($228,000 price - $133,000 principle - $57,000 cash paid at closing - $1,330 origination fee - $7,315 in total interest.
Loan Example 2
Rosario finds a house in Elgin, AZ to rehab and re-sell. Because she does not have enough cash to buy the property outright, she takes a hard money loan from Coastal Finance with the following parameters:
a) A $250,000 sales price, b) a 75% loan to value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 3% origination fee.
Rosario plans to sell the project when the note expires for $325,000. If she succeeds, the deal numbers would be the following:
$325,000 sales price
- $187,500 loan principle (75% LTV)
- $62,500 down payment (25% on 75% LTV)
- $5,625 origination fee (3% of the $187,500 principle)
- $33,750 interest payments (18 months x 12% interest)
-----------------------
= $35,625 gross profit (doesn't include taxes or rehab costs)
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Temple View Capital
7550 Wisconsin Ave. 10th Floor
Bethesda, MD 20814
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 ...
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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. ...
Capella Mortgage
3765 E. Sunset Road B9
Las Vegas, NV 89120
Capella Mortgage is a private lender in Las Vegas, NV offering funding throughout Nevada, California, and Arizona. They offer loans for a variety of needs and situations, including rental property loans and fix-and-flip hard money loans. ...
CMN Funding
1510 Central Ave, Suite 380
Albany, NY 12205
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 ...
Kiavi
575 Market Street
San Francisco, CA 94105
With more than $20B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way ...
Fidelity Bancorp Funding
1551 N. Tustin Ave. Suite 700
Santa Ana, CA 92705
Fidelity Bancorp Funding is an Orange, CA based hard money lender who provides loans throughout California. They provide commercial hard money loans and rental property loans. They issue loan amounts ranging from $250,000 to $125,000,000 and terms between 6 months ...
JCAP Private Lending
3151 Airway Ave, Suite Q3
Newport Beach, CA 92626
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 ...
Next-Financing
6991 E Camelback Rd
Scottsdale, AZ 85251
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 ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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 ...
RCN Capital
75 Gerber Road East
South Windsor, CT 06074
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 ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
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 ...
Axis Property Advisors
727 E Bethany Home Rd. D222
Phoenix, AZ 85014
Based in Phoenix, AZ, Axis Property Advisors is a private lender offering funding in Arizona. They offer fix and flip hard money loans and rental property loans. Their loan parameters are flexible, including rates ranging between 10.99% ...
Dominion Financial
32 S Street
Baltimore, MD 21202
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 ...
BradLoans
7522 East McDonald Drive
Scottsdale, AZ 85250
Based in Scottsdale, AZ, BradLoans is a private money lender providing funding in Arizona. They offer lending solutions for many different scenarios, including buy and hold loans, private refinancing, and fix-and-flip loans. They issue loans with ...
Lantzman Lending
11696 Sorrento Valley Rd, Suite 201
San Diego, CA 92121
Lantzman Lending is a San Diego, CA based hard money lender. They provide loans in Arizona, California, Nevada and Texas. They offer fix and flip hard money loans, rental property loans, hard money loans for commercial properties, refinancing, new construction ...
Bolour Associates
8383 Wilshire Boulevard, Suite 460
Beverly Hills, CA 90211
BOLOUR is a Beverly Hills, CA based hard money lender. They offer loans throughout Arizona, California, and Texas. They offer loans for a variety of situations and needs, including short term loans, cash out loans, private commercial loans, loans for ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
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 ...
Wolf Mortgage
7137 E Rancho Vista Dr
Scottsale, AZ 85251
Wolf Mortgage is private money lender based in Scottsale, AZ. They provide loans throughout Arizona. They offer loans for a variety of situations, including long term rental property loans and fix-and-flip hard money loans. Their loan ...
Silver Hill Funding
4425 Ponce De Leon Blvd, Suite 250
Coral Gables, FL 33146
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% ...
LM2 Investment Group
9160 East Bahia Drive #105
Scottsdale, AZ 85260
LM2 Investment Group is a Scottsdale, AZ based private money lender. They offer loans in Arizona. They provide lending solutions for a variety of scenarios, including investment property loans and fix and flip loans. They provide ...
Legacy Group Capital
400 112th Ave NE Street Suite 300
Bellevue, WA 98004
Legacy Group Capital (Legacy) is an integrated real estate company focused on community-based engagement in private lending and real estate investing. Legacy empowers homebuilders, real estate investors, homeowners, and homebuyers with a flexible lending and investment platform. The Legacy platform ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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 ...
Iron Bridge Lending
9755 SW Barnes Road, Suite 420
Portland, OR 97225
Headquartered in Portland, OR, Iron Bridge Lending is a private money lender offering funding in 10 states across the country. Their focus is primarily on fix-and-flip hard money loans. They issue terms between 6 months and 1 ...
Hilton Financial Corporation
11024 N. 28th Drive Suite 170
Phoenix, AZ 85029
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 ...
Zinc Financial
1525 E. Shaw Ave
Fresno, CA 93710
Capital Fund 1
14555 N Scottsdale Rd, Suite 200
Scottsdale, AZ 85254
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 ...
T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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. ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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 ...
Level 4 Funding
440 E Huntington Dr #300
Arcadia, CA 91016
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
Genesis Capital
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
CSI Mortgage Corporation
14350 N. Frank Lloyd Wright Blvd., Suite 5
Scottsale, AZ 85260
CSI Mortgage Corporation is hard money lender based in Scottsale, AZ. They offer loans in Arizona. They offer lending solutions for many different needs and situations, including rental property loans, commercial hard money loans, and fix-and-flip ...
Kenwood Mortgage Investments
7950 East Redfield Road #110
Scottsdale, AZ 85260
Headquartered in Scottsdale, AZ, Kenwood Mortgage Investments is a private money lender providing loans throughout Arizona. They provide investment property loans, ground up construction loans, private commercial loans, and fix-and-flip loans. They issue loan amounts ranging ...
Center Street Lending
18301 Von Karman, Suite 330
Irvine, CA 92612
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 ...
Sharestates
45 North Station Plaza
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Mortgage Capital & Investment
7520 E Angus Dr.
Scottsdale, AZ 85251
Mortgage Capital & Investment is a Scottsdale, AZ based hard money lender offering loans throughout Arizona. They offer lending solutions for a variety of situations and needs, including short term fix and flip loans, loans for rental properties, commercial ...
CIVIC Private Money Lending
2015 Manhattan Beach Blvd
Redondo Beach, CA 90278
CIVIC Private Money Lending is a Redondo Beach, CA based hard money lender offering funding in 10 states throughout the country. They provide loans for a variety of scenarios, including private refinancing, fix and flip hard money loans, hard ...
Lead Funding
7400 East Orchard Road, Suite 3000N
greenwood Village, CO 80111
Lead Funding is a private money lender offering funding in Arizona, Colorado, Texas, and Washington. They offer lending solutions for many different scenarios, including private refinancing, fix-and-flip hard money loans, and hard money construction loans. They provide rates starting at ...
Active Funding Group
PO Box 5377
Scottsdale, AZ 85261
Headquartered in Scottsdale, AZ, Active Funding Group is a private money lender offering loans in Arizona. They provide loans for many different situations and needs, including fix-and-flip hard money loans and rental property loans. They issue loans ...
Figure.com
650 California Street, Suite 2700
San Francisco, CA 94108
At Figure, we're transforming home equity by creating a faster, simpler and more transparent way to meet your financial goals. Learn how to use the equity in your home to consolidate debt, pay for home improvement, or fund your goals. ...
Hanson Capital Group
7621 E. Gray Rd. Suite B2
Scottsdale, AZ 85260
Hanson Capital is a collateral based lender, so credit isn´t as important to us as the real estate itself. Our goal is to keep the process as simple as possible, from the initial screening to approval.At Hanson Capital, we’re more ...
RLS Mortgage
4455 E. Camelback Rd, Suite D135
Phoenix, AZ 85018
RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
Merchants Mortgage & Trust Corporation
7400 E Crestline Cir #250
Greenwood Village, CO 80111
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
349 E. 900 S. Suite 201
Salt Lake City, UT 84111
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, ...
Sir Mortgage & Finance
4040 E. Camelback Road, Suite 210
Phoenix, AZ 85018
Sir Mortgage & Finance is a Phoenix, AZ based private lender who offers loans throughout Arizona. They offer long term rental property loans, new construction loans, hard money loans for commercial properties, and short term fix and flip ...
Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Barrett Financial Group
40 N. Central Ave. Suite #1400
Phoenix, AZ 85004
Barrett Financial Group is private money lender based in Phoenix, AZ. They provide funding in Arizona. They provide fix-and-flip hard money loans, commercial loans, loans for investments properties, and ground-up construction loans. They offer ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
National Advance Group
1 Linden Place
Great Neck, NY 11021
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 ...