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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!
Rye, NY has 50 lenders serving the city. The average loan made is around $452,262. The average interest rate for private loans in Rye is 10.6%. The median term offered for loans is 17 months. A typical hard money loan made in this city includes a 2.3 point origination fee. Lenders offer on average a 69% loan-to-value (LTV) on deals in Rye.
Ashley takes a private money loan from Dynamic Funding in order to remodel a townhome to flip in Rye, NY. The sales price of the house is $350,000. The terms of the deal include a 65% loan-to-value (LTV), so she must bring 35% of the price as cash to closing, which makes the principle loan amount $227,500. The interest rate on the note is 11% for a term of 6 months and the company requires a one point origination fee at the close. The interest payments are to be paid monthly and the principle amount will be paid back after the sale of the property.
Accordingly, the borrower will need to contribute a $122,500 down payment plus pay a $2,275 origination fee. she must then pay $2,085 monthly to Dynamic Funding. If Ashley sells the property for $472,500 after 6 months, she would earn a gross profit of $107,713 after deducting the principle of $227,500, the money paid at closing of $122,500, the origination points of $2,275, and the aggregate interest payments of $12,513. This profit does not include remodeling costs.
Bessie takes a hard money loan from North End Investment Company so she can renovate a house to flip in Rye, NY. The loan has the following parameters:
$170,000 purchase price
55% loan-to-value (LTV)
18 month term
10% rate of interest
2% origination fee
If Bessie accomplishes her goal of a $238,000 sales price, the numbers of the deal will be as follows:
$238,000 sales price
- $93,500 note principle (55% LTV)
- $76,500 cash paid at closing (45% on 55% LTV)
- $1,870 origination fee (2% of the $93,500 principle)
- $14,025 total interest paid (18 months x 10% interest)
-----------------------
= $52,105 total profit (doesn't include taxes or rehab costs)
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!
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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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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 ...
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Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
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, ...
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 ...
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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 ...
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 ...
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 ...
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
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 ...
Headquartered in South Windsor, CT, RCN Capital is national, direct, private lender providing funding in 44 states across the country.Established in 2010, we provide short-term and long-term commercial loans ranging from $50k to $2.5M+ for the purchase of non-owner occupied ...
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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Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
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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Residential Capital Partners is hard money lender based in Dallas, TX. They offer funding in North Carolina, South Carolina, New Jersey, New York, Connecticut, Pennsylvania, and Texas. They offer lending solutions for many different needs and ...
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AMUSA Commercial Capital is a Dallas, TX based private money lender. They provide funding throughout the country. Their lending focus is mainly on non-bankable commercial real estate loans and Investment 1 to 4 loans. Their loan guidelines are flexible, including ...
Headquartered in New York, NY, Blue Funding is a hard money lender providing loans throughout New York and Brooklyn. They offer lending solutions for a variety of scenarios, including fix and flip hard money loans, long term rental property ...
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1st Bridge is a private money lender based in Fair Lawn, NJ providing loans in New York City. They offer lending solutions for a variety of situations and needs, including hard money loans for commercial properties and short term ...
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Fort Amsterdam Capital is a New York, NY based hard money lender who provides loans throughout New York City. They provide fix-and-flip hard money loans, loans for rental properties, private commercial loans, and bridge loans. They issue ...
Gauntlet Funding is private lender headquartered in Melville, NY. They provide loans in New York City. They offer private commercial loans, rental property loans, and fix and flip hard money loans. ...
Parapet Capital is a New York, NY based hard money lender. They provide loans in New York City. They offer short term loans, fix and flip loans, and rental property loans. They issue terms up ...
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Andreadis Capital is an Atoria, NY based hard money lender. They offer funding in New York City. They offer loans for many different scenarios, including hard money loans for commercial properties, fix-and-flip hard money loans, and buy ...
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Continental Finance Corporation is private lender headquartered in New York, NY. They offer funding in New York City. They provide lending solutions for many different situations and needs, including new construction loans, loans for rental properties, commercial ...
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