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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.
We found 50 search results for private money lenders operating in Hollis Center, ME. The mean note made is about $297,917. The mean rate for hard money loans in Hollis Center is 12.5%. The median length for loans is 19 months. The average origination for loans is 2.5 percent. The mean loan to value (LTV) for loans in Hollis Center is 74%.
Cheryl closes on a $300,000 renovation project in Hollis Center, ME, using a hard money loan from Top Notch Finance Corporation. The borrower will be required to bring 35% of the purchase price in cash to closing based on a 65% loan to value set by the lending company. This makes the loan principle from Top Notch Finance Corporation $195,000. The loan is interest-only, paid monthly, and is for 6 months at 12% interest with 5 points paid at closing.
On top of the $9,750 origination fee, Cheryl will also have to fund $105,000 of the purchase with her own cash, or 35% of the purchase price. The monthly interest-only payments will then total $1,950 to Top Notch Finance Corporation. At the end of the note, she sells the renovated property for $375,000. After deducting the $11,700 in total interest payments ($1,950 multiplied times 6 months), the $9,750 origination fee, the $195,000 principle amount on the note, and the $105,000 she brought to closing, she will make a gross profit of $53,550 ($375,000 sales price minus $321,450 in total costs). This profit would be reduced by any rehab costs paid by Cheryl.
Jay is a real estate investor in Hollis Center, ME. He finds an older townhouse for a remodeling project and obtains a private money loan from J & T Investment Corporation with the following terms:
a) A $390,000 purchase price, b) a 85% loan-to-value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 2% origination fee.
Based on a $487,500 sales price at the end of the 6 month term, the outcome for this project would look like this:
$487,500 sales price
- $331,500 note principle (85% LTV)
- $58,500 cash paid at closing (15% on 85% LTV)
- $6,630 origination fee (2% of the $331,500 principle amount)
- $18,233 interest payments (6 months x 11% interest)
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= $72,638 gross profit (doesn't include taxes or renovation costs)
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.
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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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 ...
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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. ...
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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 ...
Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are versatile, including terms starting at 9 months, rates ...
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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 ...
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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Universal Capital is an asset-based lender headquartered in Andover, MA offering funding in Massachusetts, New Hampshire, Maine, Rhode Island, Connecticut, and Florida. They provide fix-and-flip hard money loans, private commercial loans, hard money bridge loans, and ground-up ...
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 ...
Private Lender of New England is a Cranston, RI based hard money lender offering funding throughout Massachusetts, New Hampshire, Rhode Island, Maine, and Connecticut. Their focus is mainly on fix and flip hard money loans. They offer ...
Father & Son Private Money Lending is a hard money lender providing loans in Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, and Connecticut. They provide fix-and-flip hard money loans, private refinancing, ground up construction loans, commercial loans, ...
Presidential Mortgage is a Greenland, NH based private lender. They offer funding in New Hampshire and Maine. Their lending focus is primarily on private commercial loans. They offer terms up to 5 years. They do ...
Bridge Well Capital is a hard money lender in Orlando, FL offering funding in 40 states throughout the United States. They provide loans for investments properties, cash out hard money loans, and fix-and-flip hard money loans. Their ...
Private Capital USA is a Ronkonkoma, NY based private money lender who offers funding in 10 states across the country. They provide hard money loans for commercial properties, hard money bridge loans, and fix-and-flip loans. Their lending ...
Based in Falmouth, ME, Northeastern Financial is a hard money lender providing loans throughout Maine. They provide fix and flip hard money loans, private commercial loans, and new construction loans. They provide loans with a maximum ...
Wallace Capital is private lender headquartered in Boston, MA. They offer funding in Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, and Maine. They provide lending solutions for a variety of situations and needs, including commercial loans, ...
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...
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Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial ...
Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US. They offer lending solutions for a variety of situations and needs, including fix and flip hard ...
Headquartered in Wellesley, MA, Pro Builder Financial is a hard money lender offering funding throughout New Hampshire, Massachusetts, Connecticut, Rhode Island, and Maine. They offer commercial hard money loans, construction loans, fix and flip loans, buy and hold ...
Raymond C Green Companies is a private money lender based in Boston, MA providing funding throughout Massachusetts, New Hampshire, Rhode Island, Maine, Connecticut, and Florida. They provide loans for a variety of situations and needs, including construction loans, ...
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