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 Cavendish, Vermont
Cavendish, VT has 29 lenders issuing loans in the city. The mean note made to borrowers is about $291,786. The mean rate for private loans in Cavendish is 10.4%. The typical length for notes is 20 months. The average loan issued in this city includes a 3.0 percent origination charge. Lenders in Cavendish average a 68% loan-to-value (LTV) on their loans.
Loan Example 1
Jordan closes on a $200,000 renovation project in Cavendish, VT, using a private money loan from Big Money Finance. The loan-to-value (LTV) on the note is 75%. This means that Jordan will bring 25% of the purchase price to closing and the principle amount will be $150,000 on the loan. The terms of the loan also include a two point origination fee which will be paid at closing and a 12 month, interest only note with a 8% rate of interest.
Jordan will have to contribute $50,000 to the closing (25% on the 75% loan-to-value), plus he will need to pay the $3,000 origination fee. After the loan is executed and Jordan takes the project, he will have to begin making payments each month of $1,000 to the lender ($150,000 principle x 8% / 12 months). If he sells the remodeled project for $280,000 at the end of the 12 month term, his gross profit (not including rehab costs) would be $65,000. This is computed by taking the purchase price ($280,000) and subtracting the original note amount ($150,000), the origination cost ($3,000), the money he brought to closing ($50,000), and the total interest payments ($12,000).
Loan Example 2
Sheri locates a townhouse in Cavendish, VT to rehab and re-sell. Because she does not have enough cash to buy the property outright, she takes a hard money loan from East Shore Finance Corporation with the following parameters:
$180,000 sales price
70% loan to value (LTV)
6 month term
14% interest rate
2% origination fee
Assuming a $243,000 sales price at the end of the 6 month term, the final numbers for this deal would look like the following:
$243,000 sales price
- $126,000 loan principle (70% LTV)
- $54,000 down payment (30% on 70% LTV)
- $2,520 origination fee (2% of the $126,000 principle)
- $8,820 interest payments (6 months x 14% interest)
-----------------------
= $51,660 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
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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Stormfield Capital
35 Old Post Road
Southport, CT 06890
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Dominion Financial
32 S Street
Baltimore, MD 21202
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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
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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T&M Commercial Funding
259 Minot Ave
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National Advance Group
1 Linden Place
Great Neck, NY 11021
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Rapid Commercial Loans
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Cherrywood Commercial
20955 Pathfinder Road, Suite 370
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
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ABC Capital Investments
1218 N. Marshall Street
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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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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Foxpoint Lending
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Providence, RI 02906
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Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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Allied Commercial Funding
5737 Kanan Rd
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Northeast Lending Services
8431 Liberty Avenue
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