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With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Raymond, NH has 50 private money lenders offering loans within the city. The average note made is around $342,500. Rates on loans made to Raymond borrowers average around 11.6%. The mean loan issued in this city has a length of 17 months. The average hard money loan offered in this city carries a 2.9 percent origination fee. Lenders in Raymond average a 74% loan-to-value (LTV) on their deals.
Dennis takes a private money loan from Blue Square Funding in order to rehab a property to resale in Raymond, NH. The sales price of the house is $180,000. The loan-to-value (LTV) on the loan is 70%. This means Dennis will need to bring 30% of the purchase price to closing and the principle amount will be $126,000 on the deal. The rate on the loan is 12% for a length of 18 months and the company requires a two point origination fee at the close. The interest is to be paid on a monthly basis and the principle amount will be returned after the property sells.
Dennis will have to contribute $54,000 to closing (30% on the 70% loan to value), plus he will have to pay the $2,520 origination fee. he will then pay $1,260 monthly to the lender. If Dennis achieves his goal of a $252,000 total sales price at the end of the loan term, he would make a total profit of $46,800 after repaying the principle amount and deducting the money he contributed at closing, the origination fee, and the monthly interest payments.
Todd takes out a loan from South End Finance Corporation so he can remodel a house to resell in Raymond, NH. The loan has the following terms:
$360,000 sales price
60% loan-to-value (LTV)
6 month term
13% rate of interest
3% origination fee
After the renovation project is completed, if Todd sells the house for $504,000, the numbers would be the following:
$504,000 sales price
- $216,000 principle (60% LTV)
- $144,000 down payment (40% on 60% LTV)
- $6,480 origination fee (3% of the $216,000 principle)
- $14,040 interest payments (6 months x 13% interest)
-----------------------
= $123,480 total profit (does not include taxes or rehab costs)
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!
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 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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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 ...
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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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 ...
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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% ...
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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Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
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 ...
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 ...
LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
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Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are versatile, including terms starting at 9 months, rates ...
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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 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 ...
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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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