Delaware Bridge Loans
A total of 31 records for hard money bridge lenders were found in Delaware. In this state, the mean loan amount is $337,162. Rates on loans made to Delaware investors average 10.8%. The median note issued in the state has a length of 19 months. The average origination percentage charged for loans is 2.7%. Lenders in Delaware average a 71% loan to value (LTV) on their loans.
Loan Example 1
Julie is an investor in Wilmington, DE. She locates a run-down property for sale and decides to rehab it and sell it for a profit. The house costs $210,000 but she doesn't have the full amount so she takes a private money bridge loan with West End Lending . The borrower will have to bring 30% of the purchase price in cash to closing based on a 70% loan to value stipulated by the lender. This makes the principle note from West End Lending $147,000. The loan is interest-only, paid monthly, and is for 6 months at 12% interest with 4 origination points to be paid when the deal closes.
In accordance with the terms of the loan, Julie will be required to contribute a $5,880 origination fee in addition to 30% of the purchase price, or $63,000, based on the 70% LTV. she will then pay $1,470 monthly to the lender. If Julie achieves her goal of a $315,000 sales price at the end of the loan term, she would pocket a gross profit of $90,300 after repaying the principle amount and subtracting the cash she contributed at closing, the origination points, and the total interest payments.
Loan Example 2
Maggie takes out a bridge loan from Coastal Lending in order to remodel a townhome to flip in Bear, DE. The loan has the following terms:
a) A $250,000 purchase price, b) a 85% loan to value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 2% origination fee.
If Maggie succeeds in her goal of a $325,000 sales price, the final numbers of the deal will be as follows:
$325,000 sales price
- $212,500 loan principle (85% LTV)
- $37,500 cash paid at closing (15% on 85% LTV)
- $4,250 origination points (2% of the $212,500 principle)
- $11,688 interest payments (6 months x 11% interest)
-----------------------
= $59,063 gross profit (doesn't include taxes or rehab costs)
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 Billion life-to-date in total loan volume to real estate ...
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 ...
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, ...
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. ...
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 ...
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 ...
Based in Aon, CT, Capital Three Sixty is an asset-based lender providing loans in 15 states across the United States. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, loans for investments ...
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 ...
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, ...
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 ...
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. ...
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 ...
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 ...
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 ...
Trius Lending Partners is a hard money lender in Baltimore, MD providing funding in Maryland, Pennsylvania, Delaware, Washington DC, and Virginia. They provide loans for many different situations and needs, including commercial loans, short term bridge loans, fix ...
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 ...
Based in Baltimore, MD, PSG Lending is a hard money lender providing funding throughout Washington DC, Philadelphia, Arlington, and Alexandria. They provide loans for a variety of scenarios, including hard money loans for commercial properties, short term loans, ...
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 ...
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 ...
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 ...
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 ...
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 ...
Oak Leaf Financial is a Moorestown, NJ based private money lender. They provide funding in New York, New Jersey, Pennsylvania, Connecticut, Delaware, Maryland, and Virginia. They offer bridge loans, ground up construction loans, private refinancing, buy and ...
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 ...
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. ...
Summit Capital is private money lender headquartered in Fairfield, NJ. They offer funding in New Jersey, Connecticut, New York, Pennsylvania, Delaware, and Florida. They provide hard money bridge loans, commercial loans, and fix-and-flip hard money ...
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. ...
Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Virginia, Maryland, Washington, DC, Delaware, North Carolina, South Carolina, and Pennsylvania. They require minimal upfront capital from their borrowers and ...
Layla Capital is a hard money lender headquartered in New York, NY providing loans in 10 states across the country. They provide lending solutions for many different scenarios, including short term fix and flip loans, construction loans, hard money ...
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 ...
Full Scope Capital is a Glen Burnie, MD based private lender. They offer loans throughout Maryland, Washington DC, Pennsylvania, Virginia, Delaware, New Jersey, and Florida. They offer loans for many different needs and situations, including cash out ...
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