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We found 43 search results for hard money lenders offering loans in North Liberty, IA. The average amount loaned is $301,250. Interest rates on loans made to North Liberty borrowers average about 8.9%. The typical loan made in this city has a length of 50 months. A typical hard money loan made in this city carries a 3.0 percent origination fee. 78% is the mean loan to value offered for for loans in North Liberty.
Noreen is an investor in North Liberty, IA. She locates an older property and decides to renovate it and sell it for a profit. The house costs $160,000 but she doesn't have the full amount so she obtains a private money loan with Deep Lake Lending Corporation. The terms of the note include a 85% loan to value (LTV), so she must contribute 15% of the price as cash at closing, making the principle loan amount $136,000. The terms of the loan dictate a 11% note for 18 months. They also require a 4 point origination fee, that will also have to be paid at closing.
Accordingly, the borrower will be required to make a $24,000 down payment in addition to paying a $5,440 origination fee. After the loan closes, she will have to pay Deep Lake Lending Corporation $1,247 in monthly interest payments, or 11% times $136,000 divided by 12 months in the year. If Noreen sells the project for $192,000 after 18 months, she would earn a gross profit of $4,120 after deducting the original principle of $136,000, the money contributed at closing of $24,000, the origination points of $5,440, and the total interest payments of $22,440. This profit doesn't include rehab costs.
Perry finds a duplex in North Liberty, IA to rehab and sell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from Reliance Lending Corporation with the following parameters:
a) A $350,000 purchase price, b) a 60% loan to value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 4% origination fee.
If Perry succeeds in his goal of a $507,500 sales price, the outcome of the project will be as follows:
$507,500 sales price
- $210,000 note principle (60% LTV)
- $140,000 cash paid at closing (40% on 60% LTV)
- $8,400 origination fee (4% of the $210,000 principle amount)
- $28,350 interest payments (18 months x 9% interest)
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= $120,750 total 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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Since its inception in 2011, Lima One Capital has funded over $9 billion in loans for real estate investors who are building, improving, and stabilizing neighborhoods across the nation. Lima One’s core loan products are New Construction loans for ground-up ...
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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 ...
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Straightline Funding is direct hard money lender that provides loans in many larger metro areas throughout the US. We specialize in 1-4 family loans for investors. Our loan menu consists of:R2R (Residential For Rent): 30 Year fixed rate loans for ...
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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 ...
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 ...
Based in Great Neck, NY, National Advance Group is an asset-based lender providing loans in 50 states across the United States. They offer lending solutions for a variety of scenarios, including commercial hard money loans and fix-and-flip hard money ...
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan parameters are flexible, ...
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Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...
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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 ...
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
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 ...
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 ...
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 ...
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