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Hard Money Loans in Pleasant Grove, Utah
A total of 50 records for hard money lenders were found in Pleasant Grove, UT. In this city, the average amount for loans is $464,063. Interest rates on loans made to Pleasant Grove investors average about 10.7%. 17 months is the average length for loans offered in the city. The mean origination percentage applied to loans is 2.8%. Lenders in Pleasant Grove average a 74% LTV on their loans.
Loan Example 1
Bettie closes on a $240,000 rehab project in Pleasant Grove, UT, using a private money loan from Coastal Finance Corporation. The borrower will need to contribute 35% of the sales price in cash to closing based on a 65% loan-to-value stipulated by the lender. This makes the loan principle from Coastal Finance Corporation $156,000. The interest rate on the loan is 13% for a length of 12 months and the company requires a five point origination fee at closing. The interest payments are to be paid monthly and the principle amount will be paid back after the property sells.
In accordance with the parameters of the loan, Bettie will be required to pay a $7,800 origination fee in addition to 35% of the sales price, or $84,000, based on the 65% LTV. Coastal Finance Corporation will collect $1,690 in monthly interest from the borrower. This is calculated by taking the total loan amount of $156,000, multiplying that by the 13% rate of interest, and then dividing that number by 12. If Bettie achieves her goal of a $336,000 sales price when the loan expires, she would earn a total profit of $67,920 after repaying the principle amount and deducting the money she brought to closing, the origination fee, and the monthly interest payments.
Loan Example 2
Darryl finds a property in Pleasant Grove, UT to rehab and re-sell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from Brook View Lending with the following parameters:
a) A $290,000 purchase price, b) a 65% loan-to-value (LTV), c) a 6 month term, d) a 10% interest rate, and e) a 1% origination fee.
Once the renovation project is complete, if Darryl sells the house for $348,000, the numbers would be the following:
$348,000 sales price
- $188,500 principle on note (65% LTV)
- $101,500 cash paid at closing (35% on 65% LTV)
- $1,885 origination fee (1% of the $188,500 principle amount)
- $9,425 interest payments (6 months x 10% interest)
-----------------------
= $46,690 total profit (doesn't 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!
Temple View Capital
7550 Wisconsin Ave. 10th Floor
Bethesda, MD 20814
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 ...
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, ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
CMN Funding
1510 Central Ave, Suite 380
Albany, NY 12205
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial real estate loans. They issue loan amounts starting at $100,000 with no maximum. They will ...
JCAP Private Lending
3151 Airway Ave, Suite Q3
Newport Beach, CA 92626
Jcap is a Newport Beach, CA based direct lender who closes and services investor funded short-term real estate loans. They provide loans in 43 states. They offer private refinancing, fix-and-flip hard money loans, investment property loans and more. Their loan ...
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
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
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 ...
Visio Lending
1905 Kramer Lane, Suite B700
Austin, TX 78758
Founded in 2012 and headquartered in Austin, TX, Visio Lending is the nation’s leader in rental loans. We help investors grow their rental portfolios with our laser-like focus, streamlined process, innovative technology, and outstanding team. A strong leadership team backed ...
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
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 ...
COGO Capital
1121 E. Mullan Ave
Coeur d'Alene, IA 83814
Based in Coeur d'Alene, IA, COGO Capital is an asset-based lender providing loans in 45 states throughout the US. They provide private commercial loans, fix-and-flip loans, and loans for investments properties. Their loan guidelines are flexible, including ...
The Legacy Group
910 Pinon Ranch View, Suite 200
Colorado Springs, CO 80907
The Legacy Group is a Colorado Springs, CO based private lender who offers loans in 8 states throughout the United States. Their lending focus is primarily on commercial hard money loans. They make loans ...
Hard Money Mike
1101 W Mineral Ave. #101
Littleton, CO 80120
Hard Money Mike is an asset-based lender headquartered in Littleton, CO offering loans in Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They provide lending solutions for a variety of situations, including commercial hard money loans and fix ...
Silver Hill Funding
4425 Ponce De Leon Blvd, Suite 250
Coral Gables, FL 33146
Silver Hill Funding is private lender based in Coral Gables, FL. They provide funding in 39 states throughout the United States. Their lending focus is primarily on commercial loans. They provide rates ranging between 6% ...
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
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 ...
T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
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. ...
Hilton Financial Corporation
11024 N. 28th Drive Suite 170
Phoenix, AZ 85029
Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, & Utah.They offer loans for a variety of situations, including fix-and-flip, fix-and lease, spec construction, and manufactured home set up ...
TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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, ...
Merchants Mortgage & Trust Corporation
7400 E Crestline Cir #250
Greenwood Village, CO 80111
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 ...
National Advance Group
1 Linden Place
Great Neck, NY 11021
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 ...
Heartland Capital Group
15455 Dallas Parkway, suite 600
Addison, TX 75001
Heartland Capital Group is an asset-based lender in Addison, TX providing funding throughout Texas, Arizona, New Mexico, Utah, and Colorado. They offer lending solutions for a variety of scenarios, including commercial loans, short term loans, and cash ...
Private Money Utah
349 E. 900 S. Suite 201
Salt Lake City, UT 84111
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, ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
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. ...
Overland Group Inc
14034 S. 145 E. #100
Draper, UT 84020
Overland Group Inc is a Draper, UT based hard money lender. They offer loans throughout Salt Lake City, Sandy, South Jordan, and West Jordan. They provide loans for many different scenarios, including investment property loans, ground up ...
Popular Commercial Lending Group
10808 South River Front Parkway Suite 353
South Jordan, UT 84095
Popular Commercial Lending Group is a South Jordan, UT based private money lender who provides funding throughout Salt Lake City. They offer commercial loans and short term loans. They issue rates starting at 9% , terms ...
Real Funding Group
Salt Lake City, UT
Based in Salt Lake City, UT, Real Funding Group is an asset-based lender offering funding in Salt Lake City. They offer loans for a variety of scenarios, including builder loans, short term loans, fix-and-flip loans, loans for rental properties, ...
Jade Dog Capital
138 E 12300 S, Suite C
Draper, UT 84020
Jade Dog Capital is hard money lender based in Draper, UT. They offer funding throughout Salt Lake City. They offer commercial hard money loans and short term bridge loans. They offer loan amounts up to ...
Broakmark Real Estate Management
383 Corona Street
Denver, CO 80218
Broakmark Real Estate Management is a Denver, CO based private money lender who provides loans in Arizona, Texas, Colorado, Wyoming, and Utah. They provide lending solutions for many different needs and situations, including cash out hard money loans, ...
Unlimited Capital Group
2670 N. Main St, Suite 350B
Santa Ana, CA 92705
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
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 ...
Broadmark Capital
600 University Street
Seattle, WA 98101
Broadmark Capital is private lender based in Seattle, WA. They provide funding in Arizona, Colorado, New Mexico, Nevada, Utah, and California. Their lending focus is mainly on commercial loans. They offer rates starting at ...
Resolve Funding
5600 Arapahoe Ave
Boulder, CO 80303
Resolve Funding is a Boulder, CO based private lender who provides funding in 18 states across the US. They offer hard money bridge loans, fix-and-flip hard money loans, cash out loans, and commercial loans. Their lending guidelines ...
Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
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 ...
Actium Partners
111 East Broadway, Suite 390
Salt Lake City, UT 84111
Actium Partners is a Salt Lake City, UT based private money lender providing loans in Utah. They offer bridge loans and commercial hard money loans. Their lending guidelines are flexible, including terms up to 12 months and ...
Taylor Derrick Capital
357 W 200 S #200
Salt Lake City, UT 84101
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...
American Life Financial
935 E Main St, Suite 102
Mesa, AZ 85203
American Life Financial is a Mesa, AZ based private lender. They offer funding throughout Nevada, Utah, Arizona, New Mexico, Colorado, and Texas. They offer loans for a variety of scenarios, including commercial loans, hard money refinancing, buy ...
NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...
US Best Capital Partners LLC
7051 OLD STEUBENVILLE PIKE
Oakdale, PA 15071
US Best Capital Partners LLC is a private lender headquartered in Oakdale, PA offering funding in 41 states across the country. Their focus is primarily on hard money loans for commercial properties. Their lending parameters are versatile, including ...
Capital Assets
6000 S. Fashion Blvd #200
Murray, UT 84107
Capital Assets is private money lender based in Murray, UT. They offer funding throughout Utah. They offer ground up construction loans, bridge loans, investment property loans, fix and flip loans, and commercial hard money loans. ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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 ...
Artemis Realty Capital
2525 E. Camelback Rd., Suite 1050
Phoenix, AZ 85016
Artemis Realty Capital is private money lender headquartered in Phoenix, AZ. They offer loans in Southern California. They provide loans for a variety of scenarios, including hard money loans for commercial properties, hard money refinancing, and ...
Seattle Funding Group
7272 E Indian School Road, Suite 540
Scottsdale, AZ 85251
Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial ...
Payette Financial Services
202 N. 9th Street, Suite 300
Boise, ID 83702
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 ...
Vintage Real Estate Fund
6975 S Union Park Ctr,
Cottonwood Heights, UT 84047
Vintage Real Estate Fund is a Cottonwood Heights, UT based private money lender providing loans throughout Utah. They offer loans for a variety of scenarios, including fix and flip hard money loans and commercial loans. Their lending guidelines ...