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Hard Money Loans in Moretown, Vermont
Moretown, VT has 29 private money lenders offering loans within the city. Loan amounts average around $295,938. Interest rates for hard money loans average around 11.1%. The average loan issued in this city is 18 months in length. The mean note includes a 2.3 point origination fee. Lenders in Moretown average a 71% loan to value (LTV) on their deals.
Loan Example 1
Hugh takes a private money loan from Big Money Funding Corporation in order to remodel a property to flip in Moretown, VT. The sales price of the house is $380,000. Since the lender agrees to a 70% loan to value, Hugh will be required to put 30% down and the principle amount of the note will be $266,000. The note is interest-only, with monthly payments, and is for 18 months at 10% interest with 1 points paid when the deal closes.
Accordingly, the borrower will be required to make a $114,000 down payment in addition to paying a $2,660 origination fee. Once the deal is executed and Hugh takes the property, he will begin making monthly payments of $2,217 to the lender ($266,000 principle x 10% / 12 months). If Hugh sells the remodeled house for $570,000 at the end of the 18 month term, his gross profit (not including renovation costs) would be $147,440. This is computed by taking the purchase price ($570,000) and subtracting the original principle ($266,000), the origination cost ($2,660), the cash he brought to closing ($114,000), and the total interest expenses ($39,900).
Loan Example 2
Gerald finds a property in Moretown, VT to renovate and resell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from Riverside Finance Corporation with the following parameters:
$230,000 purchase price
70% loan-to-value (LTV)
6 month term
12% rate of interest
2% origination fee
Based on a $287,500 sales price after the 6 month term, the final numbers for the project would look like the following:
$287,500 sales price
- $161,000 loan principle (70% LTV)
- $69,000 cash paid at closing (30% on 70% LTV)
- $3,220 origination fee (2% of the $161,000 principle)
- $9,660 total interest paid (6 months x 12% interest)
-----------------------
= $44,620 total profit (doesn't include taxes or renovation costs)
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HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
"WE LEND YOU GROW" Xpress Loans 911 believes that your business should have ready access to working capital, just like big corporations do. So, we pair you with funders that focus on working with small and mid-sized businesses and are ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
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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
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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
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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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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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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AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
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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
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
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 ...
Northeast Lending Services
8431 Liberty Avenue
North Bergen, NJ 07047
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Wallace Capital
132 Lincoln Street, Suite 6L
Boston, MA 02111
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Allied Commercial Funding
5737 Kanan Rd
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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, ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
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Private Capital USA
3505 Veterans Memorial Highway, Suite D
Ronkonkoma, NY 11779
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Foxpoint Lending
One Richmond Square
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