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With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Gardnerville, NV has 50 lenders serving the city. The mean loan amount in this city is $312,857. The mean rate for hard money loans in Gardnerville is 11.2%. 18 months is the mean term for loans made in this city. The average loan includes a 2.4 point origination cost. Lenders offer on average a 74% loan-to-value (LTV) on hard money loans in Gardnerville.
Millie is an investor in Gardnerville, NV. She locates an run-down property for sale in the Gardnerville Ranchos neighborhood and wants to remodel it and sell it for a profit. The property costs $220,000 but she does not have the full amount so she takes a hard money loan with Green Square Lending Group. The loan-to-value (LTV) on the deal is 75%. This means that Millie will bring 25% of the sales price to closing and the principle will be $165,000 on the note. The terms of the note also stipulate a one percent origination fee that is to be paid at closing and a 6 month, interest only note with a 10% rate of interest.
By the parameters of the loan, Millie will have to pay a $1,650 origination fee in addition to 25% of the sales price, or $55,000, based on the 75% LTV. Green Square Lending Group will collect $1,375 in monthly interest payments from the Millie. This is computed by taking the full loan value of $165,000, multiplying that by the 10% rate of interest, and then dividing that amount by 12. At the end of the note, she sells the renovated property for $319,000. After subtracting the $8,250 in total interest payments ($1,375 multiplied by 6 months), the $1,650 origination fee, the $165,000 principle on the note, and the $55,000 she brought to closing, she will earn a total profit of $89,100 ($319,000 sales price minus $229,900 in total costs). This amount would be reduced by any rehab costs paid by the borrow.
Ben locates a property in the Gardnerville Ranchos subdivision of Gardnerville, NV to renovate and resell. Because he does not have enough cash to buy the property outright, he takes a hard money loan from Big Lake Funding Corporation with the following parameters:
a) A $380,000 purchase price, b) a 55% loan to value (LTV), c) a 18 month term, d) a 8% interest rate, and e) a 5% origination fee.
After the rehab project is finished, if Ben sells the house for $494,000, the final numbers would be the following:
$494,000 sales price
- $209,000 principle (55% LTV)
- $171,000 cash paid at closing (45% on 55% LTV)
- $10,450 origination points (5% of the $209,000 principle amount)
- $25,080 total interest paid (18 months x 8% interest)
-----------------------
= $78,470 total profit (does not include taxes or rehab costs)
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!
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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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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. ...
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With more than $21B 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 ...
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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 ...
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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 ...
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 ...
Synergy Financial Partners is a Chatsworth, CA based hard money lender who offers funding throughout California, Nevada, and Texas. They provide loans for a variety of scenarios, including hard money loans for commercial properties, fix-and-flip loans, ground-up construction ...
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 ...
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 ...
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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 ...
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 ...
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, ...
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Newmark Investment and Loan is a Private Money Lender based in Sparks, NV providing loans in Nevada. They provide lending solutions for many different scenarios, including fix and flip loans, construction loans, short term bridge loans, and commercial loans. Their ...
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 ...
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 ...
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Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new construction loans, ...
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Investor Direct Capital is a Del Mar, CA based private money lender who offers loans throughout California, Arizona, and Nevada. They provide loans for a variety of situations, including investment property loans and fix and flip loans. ...
Inca Capital is a Scottsdale, AZ based private lender who offers loans in Arizona, Colorado, California, and Nevada. They offer long term rental property loans, fix and flip hard money loans, short term loans, hard money loans for ...
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Emory Funding is an asset-based lender in Las Vegas, NV providing loans throughout Nevada. They offer fix and flip hard money loans, commercial loans, bridge loans, and refinancing. Their loan guidelines are flexible, including loans with ...
Socotra Capital is a private lender headquartered in Sacramento, CA providing loans throughout California and Nevada. They provide lending solutions for a variety of scenarios, including private refinancing, construction loans, commercial hard money loans, bridge loans, loans for investments ...
Artemis Realty Capital is private money lender headquartered in Phoenix, AZ. They offer loans in Southern California. They provide loans for a variety of scenarios, including hard money loans for commercial properties, hard money refinancing, and ...
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
US Best Capital Partners LLC is a private lender headquartered in Oakdale, PA offering funding in 41 states across the country. Their focus is primarily on hard money loans for commercial properties. Their lending parameters are versatile, including ...
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...
American Life Financial is a Mesa, AZ based private lender. They offer funding throughout Nevada, Utah, Arizona, New Mexico, Colorado, and Texas. They offer loans for a variety of scenarios, including commercial loans, hard money refinancing, buy ...
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WSC Synergy Investments is a Los Angeles, CA based private lender. They offer loans in 20 states across the country. Their lending focus is mainly on fix and flip loans. They issue loans with a maximum ...
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Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial ...
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Mountain Pacific Financial is a Fresno, CA based private money lender who offers funding in 10 states across the US. Their lending focus is mainly on private commercial loans. Their lending guidelines are versatile, including terms between ...
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