LendingHome Corporation is a San Francisco, CA based private money lender providing loans in 25 states throughout the United States. They provide buy and hold loans, short term loans, and fix and flip loans. They issue ...
Bridge Loans in Bronx, New York
A total of 50 search results for hard money bridge lenders were found in Bronx, NY. In this city, the average note amount is $581,111. Rates on loans issued to Bronx investors average around 10.1%. The typical length for loans is 18 months. The mean points charged for the loans is 2.2%. 72% is the average loan to value (LTV) for for loans in Bronx.
Loan Example 1
Red View Funding Group issues a bridge loan to Tania for a rehab project in the Baychester area of Bronx, NY, on a property that costs $250,000. The terms of the deal include a 75% loan to value (LTV), so she must contribute 25% of the price as cash to closing, which makes the principle loan amount $187,500. The interest rate on the note is 14% for a length of 12 months and the lender requires a four point origination fee at the close. The interest payments are to be paid monthly and the principle will be paid back after the sale of the property.
Accordingly, the borrower will need to contribute a $62,500 down payment in addition to paying a $7,500 origination fee. she will then pay $2,188 monthly to the lender. At the end of the loan, she sells the rehabed property for $337,500. After subtracting the $26,250 in total interest payments ($2,188 times 12 months), the $7,500 origination fee, the $187,500 principle on the loan, and the $62,500 she contributed to closing, she will make a gross profit of $53,750 ($337,500 price minus $283,750 in total costs). This profit would then be reduced by any building costs paid by Tania .
Loan Example 2
Fred takes out a hard money bridge loan from Affluent Funding Corporation so he can remodel a townhome to re-sell in the Unionport area of Bronx, NY. The loan has the following terms:
a) A $180,000 purchase price, b) a 80% loan-to-value (LTV), c) a 12 month term, d) a 13% interest rate, and e) a 2% origination fee.
If Fred accomplishes his goal of a $252,000 sales price, the numbers of the project will be as follows:
$252,000 sales price
- $144,000 note principle (80% LTV)
- $36,000 cash paid at closing (20% on 80% LTV)
- $2,880 origination fee (2% of the $144,000 principle)
- $18,720 total interest paid (12 months x 13% interest)
-----------------------
= $50,400 total profit (doesn't include taxes or rehab costs)
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Fairfield Financial Services
Portland, OR
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Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
Global Capital Partners is a New York, NY based private lender. They provide funding across the US. They offer hard money bridge loans, hard money construction loans, refinancing, fix-and-flip loans, hard money loans for commercial properties, and ...
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 ...
Prime Commercial Lending is hard money lender headquartered in Albany, NY. They provide loans throughout New York, Rochester, and Atlanta. They provide bridge loans and commercial loans. Their loan parameters are versatile, including loan ...
Dimension Equities is a New York, NY based private money lender who provides funding throughout New York City. They provide fix and flip loans, commercial loans, loans for rental properties, short term loans, and cash out loans. ...
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 ...
JCL Capital is private lender headquartered in White Plains, NY. They offer funding in New York City. They offer loans for many different scenarios, including short term loans, ground-up construction loans, and short term fix and ...
Excel Realty Capital is a New York, NY based private lender. They offer funding in New York City. They offer loans for a variety of scenarios, including hard money construction loans, short term loans, cash out loans, fix-and-flip ...
Based in New York, NY, Riverside Park Capital is an asset-based lender offering funding in New York City. They offer private commercial loans and short term bridge loans. They issue rates ranging between 6.5% and 10.5%, ...
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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 ...
Rehab Financial Group is hard money lender based in Rosemont, PA. They offer loans in 15 states across the US. They offer lending solutions for a variety of scenarios, including fix and flip loans, short term loans, ...
Rock East Group LLC is an Islandia, NY based private money lender. They offer loans throughout New York, New Jersey, Connecticut, and Florida. They offer loans for many different situations, including rental property loans, private commercial loans, ...
Sachem Capital is a Branford, CT based hard money lender. They provide loans throughout New York, New Jersey, and Connecticut. They offer commercial loans, fix and flip loans, investment property loans, and bridge loans. They ...
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Normandy is a Rochester, NY based private money lender. They provide funding in 39 states throughout the country. They provide ground-up construction loans, long term rental property loans, cash out hard money loans, fix and flip hard money ...
Headquartered in New York, NY, Sky Equity is an asset-based lender providing funding in New York, New Jersey, Connecticut, Pennsylvania, Washington DC, Virginia, and Florida. They offer bridge loans, fix-and-flip loans, and loans for investments properties. ...
Alpine Mortgage Services is a hard money lender based in Rochelle Park, NJ offering loans in Connecticut, New York, and New Jersey. They provide loans for a variety of needs and situations, including commercial hard money loans, ground ...
Headquartered in Neenah, WI, Peak Choice Capital is a private lender providing funding in 45 states throughout the US. They offer short term bridge loans, buy and hold loans, cash out loans, fix-and-flip loans, and private commercial loans. ...
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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 ...
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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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Navesink River Capital is an asset-based lender in Freehold, NJ providing funding throughout New Jersey and New York. They provide lending solutions for a variety of scenarios, including short term loans, fix and flip loans, and commercial hard ...
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
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 ...
The Grossman Companies is a Quincy, MA based private lender offering loans throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York. They offer fix-and-flip hard money loans, short term bridge loans, hard money loans for commercial properties, ...
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