Alaska Bridge Loans
Alaska has 14 private money bridge lenders in the state. In this state, the average amount for loans is $287,500. Interest rates for private loans average about 11.2%. The typical term offered for notes is 20 months. The mean origination percentage added to loans is 2.6%. The typical loan-to-value (LTV) offered for loans in Alaska is 73%.
Loan Example 1
Dolly closes on a $250,000 rehab project in Eagle River, AK, using a hard money bridge loan from Top Notch Funding Group . The loan to value (LTV) on the note is 65%. This means that Dolly will have to bring 35% of the purchase price to the closing and the principle amount will be $162,500 on the note. The loan is interest-only, with monthly payments, and is for 6 months at 11% interest with 1 points to be paid when the deal closes.
In addition to paying the $1,625 origination fee, Dolly will also need to fund $87,500 of the purchase with her own cash, or 35% of the purchase price. Top Notch Funding Group will collect $1,490 in monthly interest from the Dolly . This is computed by taking the total loan amount of $162,500, multiplying by the 11% interest rate, and then dividing that amount by 12. At the end of the note, she sells the renovated house for $350,000. After subtracting the $8,938 in interest payments ($1,490 multiplied by 6 months), the $1,625 origination fee, the $162,500 principle amount on the note, and the $87,500 she contributed to the closing, she will make a total profit of $89,438 ($350,000 sales price minus $260,563 in total costs). This amount would be reduced by any renovation costs paid by Dolly .
Loan Example 2
Carlos locates a duplex in Juneau, AK to rehab and resell. Because he does not have enough cash to buy the property outright, he takes a hard money bridge loan from West Shore Finance Company with the following parameters:
$290,000 sales price
85% loan to value (LTV)
18 month term
9% rate of interest
5% origination fee
After the rehab project is complete, if Carlos sells the house for $420,500, the numbers would be the following:
$420,500 sales price
- $246,500 note principle (85% LTV)
- $43,500 cash paid at closing (15% on 85% LTV)
- $12,325 origination fee (5% of the $246,500 principle amount)
- $33,278 total interest paid (18 months x 9% interest)
= $84,898 gross profit (doesn't include taxes or renovation costs)
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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 $6.6 Billion life-to-date in total loan volume to real estate ...
1905 Kramer Lane, Suite B700
Austin, TX 78758
Visio Lending is a hard money lender based in Austin, TX providing loans in 39 states throughout the United States. They provide short term bridge loans, commercial loans, and fix-and-flip hard money loans. They provide rates ...
Temple View Capital
7500 Old Georgetown Road, Suite 1375
Bethesda, MD 20814
Temple View Capital is private lender headquartered in Bethesda, MD. They provide loans in 20 states throughout the US. They provide short term fix and flip loans, cash out loans, private commercial loans, loans for rental properties, ...
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. ...
Patch of Land
15000 Ventura Blvd Ste 202
Sherman Oaks, CA 91403
Patch of Land is an asset-based lender based in Los Angeles, CA offering funding all throughout the US. They offer short term bridge loans, private commercial loans, long term rental property loans, refinancing, and fix and flip loans. ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...
Capital Funding Services
3250 NE 1st Ave, Suite 305
Miami, FL 33137
Capital Funding Services Corporation has funding partners nationwide to help Get the Funding You Need. Hard Money | Private Money: Commercial, Residential, and Land | Refi-Cash Out, Fixed Term Loans, Cash Advances, Short-Term Bridge Loans, Long-Term Loans, Fix n ...
18851 NE 29th Avenue, Suite 1000
Aventura, FL 33180
ICG10 Capital is private lender headquartered in Aventura, FL. They offer loans in 44 states throughout the United States. They offer loans for many different scenarios, including short term loans, buy and hold loans, short term fix ...
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 ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, ...
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 ...
100 Lanidex Plaza
Parsippany, NJ 07054
Stratton Equities is the Nationwide leading hard money lender. We are passionate about helping small business owners, contractors, and Real Estate investors, swiftly and efficiently finance their investment goals. We customize our hard money loan programs for each unique project ...
Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...