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!
Hard Money Loans in Highgate Center, Vermont
Highgate Center, VT has 29 lenders operating within the city. In this city, the median loan amount is $303,750. The median rate for private loans in Highgate Center is 10.1%. The median loan issued in the city has a length of 19 months. The average note includes a 3.3 point origination fee. Lenders in Highgate Center average a 70% loan to value on their loans.
Loan Example 1
Mabel takes a loan from Reliance Investment Corporation in order to rehab a condo to flip in Highgate Center, VT. The price of the house is $200,000. The terms of the deal include a 50% loan to value (LTV), so she must contribute 50% of the price as cash at closing, which makes the principle loan amount $100,000. The interest rate on the note is 14% for a term of 12 months and the company requires a five point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle will be paid back after the sale of the property.
Mabel will have to contribute $100,000 at closing (50% on the 50% loan to value), plus she will need to pay the $5,000 origination fee. The lender will collect $1,167 in monthly interest payments from the borrower. This is calculated by taking the full note amount of $100,000, multiplying by the 14% interest rate, and then dividing that number by 12. At the expiration of the loan, she sells the rehabed house for $280,000. After subtracting the $14,000 in interest expenses ($1,167 multiplied by 12 months), the $5,000 origination fee, the $100,000 principle on the loan, and the $100,000 she contributed to the closing, she will make a gross profit of $61,000 ($280,000 price minus $219,000 in costs). This profit would then be reduced by any building costs paid out of pocket.
Loan Example 2
Red View Lending Group issues a private money loan to Rosetta for a remodeling project in Highgate Center, VT. The loan includes the following:
a) A $340,000 sales price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 3% origination fee.
Based on a $510,000 sales price at the end of the 18 month term, the outcome for this deal would look like this:
$510,000 sales price
- $221,000 principle on note (65% LTV)
- $119,000 down payment (35% on 65% LTV)
- $6,630 origination fee (3% of the $221,000 principle)
- $29,835 interest payments (18 months x 9% interest)
-----------------------
= $133,535 gross profit (does not include taxes or rehab costs)
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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 ...
CMN Funding
1510 Central Ave, Suite 380
Albany, NY 12205
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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 ...
Stormfield Capital
35 Old Post Road
Southport, CT 06890
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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 ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
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Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
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 ...
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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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Rapid Commercial Loans
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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National Advance Group
1 Linden Place
Great Neck, NY 11021
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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AMUSA Commercial Capital
301 Commerce Street Ste. 1420
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ABC Capital Investments
1218 N. Marshall Street
Philadelphia, PA 19122
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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Foxpoint Lending
One Richmond Square
Providence, RI 02906
Foxpoint Lending is an asset-based lender in Providence, RI providing loans throughout New York, Rhode Island, Connecticut, Massachusetts, New Hampshire, Vermont, and Maine. They offer private commercial loans, investment property loans, and fix-and-flip loans. They issue ...
Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
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Wallace Capital
132 Lincoln Street, Suite 6L
Boston, MA 02111
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Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...
Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
Based in Salem, MA, Green Knight Funding is a hard money lender offering funding throughout Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, Maine, and Florida. They offer lending solutions for a variety of situations and needs, including fix ...
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Allied Commercial Funding
5737 Kanan Rd
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Northeast Lending Services
8431 Liberty Avenue
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