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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!
Hialeah, FL has 50 hard money lenders issuing loans in the city. In this city, the average loan amount is $319,559. The average rate for private loans in Hialeah is 12.2%. The mean loan made in this city is for 25 months. The average points charged for the loans is 2.6%. The average loan-to-value for loans in Hialeah is 71%.
Dominique closes on a $210,000 rehab project in Hialeah, FL, using a hard money loan from Affluent Lending Company. Since the lender agrees to a 85% loan-to-value, Dominique will need to put 15% down and the amount of the note will be $178,500. The loan also consists of the following features: 1) a 6 month term, 2) a 10% interest only note, and 3) a five percent origination fee.
In accordance with the parameters of the loan, Dominique will be required to pay a $8,925 origination fee plus 15% of the sales price, or $31,500, since there is a 85% LTV. she must then pay $1,488 monthly to the lender. Assuming Dominique sells the remodeled house for $252,000 at the end of the 6 month term, her gross profit (not accounting for rehab costs) would be $24,150. This is calculated by taking the purchase price ($252,000) and subtracting the original principle ($178,500), the origination cost ($8,925), the money she contributed to closing ($31,500), and the total interest expenses ($8,925).
Meredith is a an investor in Hialeah, FL. She buys an older property for a rehab project and obtains a private money loan from South Shore Lending Company with the following features:
a) A $260,000 purchase price, b) a 75% loan to value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 4% origination fee.
Assuming a $351,000 sales price after the 6 month term, the outcome for the project would look like the following:
$351,000 sales price
- $195,000 principle (75% LTV)
- $65,000 cash paid at closing (25% on 75% LTV)
- $7,800 origination points (4% of the $195,000 principle)
- $11,700 interest payments (6 months x 12% interest)
-----------------------
= $71,500 gross profit (doesn't 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!
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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Monroe Funding Corp is a private mortgage lender focused on one-stop shopping for all real estate borrowing needs. Proudly serving homeowners and investors in Florida and Virginia providing hard money loans, commercial real estate loans and home loans since 2008. ...
Nationwide Mortgage in located in San Jose, CA provides assistance arranging hard money loans for commercial properties, fix and flip hard money loans, hard money refinancing, loans for rental properties, and short term bridge loans. Loan amounts ranging from $100,000 ...
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, ...
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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 ...
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 ...
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