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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!
Newberg, OR has 50 private money lenders issuing loans in the city. The average amount for loans in the city is $369,000. The average interest rate for hard money loans in Newberg is 10.9%. The average loan issued in the city has a term of 24 months. The average note includes a 3.3 point origination cost. 71% is the typical LTV offered for offered by lenders in Newberg.
Sonia closes on a $400,000 renovation project in Newberg, OR, using a private money loan from North End Lending Corporation. The borrower will have to contribute 30% of the sales price in cash to the closing based on a 70% loan to value set by the lender. This makes the principle note from North End Lending Corporation $280,000. The loan is interest-only, paid monthly, and is for 6 months at 10% interest with 1 points to be paid at closing.
According to the terms of the note, Sonia will be required to contribute a $2,800 origination fee plus 30% of the sales price, or $120,000, since there is a 70% LTV. she will then pay $2,333 monthly to the lender. Sonia's plan is to finish the rehab within the 6 months and resell it for $540,000. If she succeeds she will collect a profit of $123,200 ($540,000 sales price - $280,000 principle amount - $120,000 cash paid at closing - $2,800 origination points - $14,000 in total interest payments.
Bruce takes a loan from Rising Sun Lending Company in order to renovate a property to resell in Newberg, OR. The loan has the following parameters:
a) A $370,000 sales price, b) a 55% loan-to-value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 4% origination fee.
If Bruce achieves his goal of a $462,500 sales price, the numbers of the deal would be the following:
$462,500 sales price
- $203,500 note principle (55% LTV)
- $166,500 down payment (45% on 55% LTV)
- $8,140 origination fee (4% of the $203,500 principle amount)
- $42,735 interest payments (18 months x 14% interest)
-----------------------
= $41,625 gross profit (does not include taxes or rehab costs)
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!
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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!
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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Veristone Capital is private lender headquartered in Kirkland, WA. They offer loans in Oregon and Washington. They offer hard money bridge loans, fix and flip loans, new construction loans, commercial loans, and cash out hard money ...
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 ...
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Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Headquartered in Portland, OR, Iron Bridge Lending is a private money lender offering funding in 10 states across the country. Their focus is primarily on fix-and-flip hard money loans. They issue terms between 6 months and 1 ...
Capital Fund 1 is a Scottsdale, AZ-based hard money lender who offers funding throughout the Southwest. CF1 provides lending solutions to fit the needs of real estate investors, including new construction loans, commercial loans, refinancing, investment property loans, and short-term ...
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Precision Capital is an Eugene, OR based private lender offering funding throughout Oregon. They offer commercial loans and short term fix and flip loans. They offer loans with a maximum LTV of 70%. They ...
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
Layla Capital is a direct lender based in Boca Raton, FL (formerly New York City) that specializes in small to middle market debt opportunities in primary and secondary markets nationwide, with a greater focus on the East Coast and Midwest. ...
Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get ...
Sound Equity Solutions, LLC is a Bellevue, WA based private money lender offering funding in Washington, Oregon, and California. Their lending focus is mainly on fix and flip hard money loans. They primarily ...
Ascent Capital is a Northwest based private portfolio lending company. We have deep roots in the lending industry and take a disciplined approach to every real estate transaction we fund. Ascent is built on high standards, offering fair, ...
Gallic and Johnson Financial is an Eugene, OR based private lender who provides loans in Oregon. They provide hard money construction loans, hard money loans for commercial properties, loans for investments properties, and fix-and-flip loans. They provide ...
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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Based in Greenwood Village, CO, Merchants Mortgage & Trust Corporation is a private lender providing loans in 9 states throughout the U.S. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
CIVIC Private Money Lending is a Redondo Beach, CA based hard money lender offering funding in 10 states throughout the country. They provide loans for a variety of scenarios, including private refinancing, fix and flip hard money loans, hard ...
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Headquartered in Springfield, OR, Advanced Investment Corp is a private money lender providing loans throughout Oregon. Their lending focus is mainly on fix and flip loans. They issue terms up to 23 months, loan amounts up ...
Cherrywood Commercial is a Diamnond Bar, CA based private money lender who provides loans in 48 states throughout the United States. They provide lending solutions for many different situations, including short term bridge loans and commercial hard money loans. ...
1st Choice Lending is a Scottsdale, AZ based private money lender offering loans in 22 states across the US. Their focus is mainly on fix and flip hard money loans. Their lending guidelines are flexible, including loan ...
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
C2 Financial Corporation is a Carmel, CA based private lender. They offer loans in 9 states throughout the US. They offer hard money loans for commercial properties, investment property loans, and fix and flip loans. Their ...
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