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 ...
Bridge Loans in Farmington, New Mexico
We found 30 search results for hard money bridge lenders in Farmington, NM. The average loan made to borrowers is approximately $300,000. The average interest rate for private loans in Farmington is 11.0%. 24 months is the average term for loans made in the city. The average loan includes a 2.8 point origination charge. Lenders in Farmington average a 74% loan-to-value (LTV) on their deals.
Loan Example 1
Allan closes on a $190,000 renovation project in Farmington, NM, using a private money bridge loan from Success Lending Corporation . The loan-to-value (LTV) on the loan is 65%. This means Allan will bring 35% of the purchase price to the closing and the principle amount will be $123,500 on the deal. The parameters of the deal also stipulate a five percent origination fee which will be paid at the closing and a 18 month, interest only note with a 8% rate of interest.
Allan will have to bring $66,500 at closing (35% on the 65% loan to value), plus he will need to pay the $6,175 origination fee. After the loan is executed and Allan takes over the project, he will begin making monthly payments of $823 to the lender ($123,500 principle x 8% / 12 months). If Allan sells the project for $285,000 after 18 months, he would realize a total profit of $74,005 after deducting the principle amount of $123,500, the cash contributed at the close of $66,500, the origination points of $6,175, and the aggregate interest payments of $14,820. This profit does not account for rehab costs.
Loan Example 2
Jeremy is a an investor in Farmington, NM. He purchases a run-down property for a rehab project and takes out a bridge loan from Brook View Lending Company with the following features:
a) A $290,000 purchase price, b) a 85% loan to value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 3% origination fee.
Based on a $420,500 sales price at the end of the 6 month term, the outcome for this project would look like this:
$420,500 sales price
- $246,500 principle (85% LTV)
- $43,500 down payment (15% on 85% LTV)
- $7,395 origination points (3% of the $246,500 principle)
- $17,255 total interest paid (6 months x 14% interest)
-----------------------
= $105,850 gross profit (does not include taxes or renovation costs)
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 ...
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 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, ...
Mountain View Investors is private lender based in Rio Rancho, NM. They provide loans in New Mexico. They provide hard money bridge loans, fix and flip hard money loans, and commercial loans. ...
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. ...
Capstone Financial is a Scottsdale, AZ based hard money lender who provides loans all across the US. They provide lending solutions for a variety of needs and situations, including cash out loans, fix and flip hard money loans, short ...
Gokapital Mortgage is a Miami, FL based private lender who provides funding all throughout the US. They provide lending solutions for a variety of situations, including loans for rental properties, cash out hard money loans, fix-and-flip loans, hard money ...
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 ...
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 ...
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 ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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 ...
Heartland Capital Group is an asset-based lender in Addison, TX providing funding throughout Texas, Arizona, New Mexico, Utah, and Colorado. They offer lending solutions for a variety of scenarios, including commercial loans, short term loans, and cash ...
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 ...
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. ...
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 ...
Omega Funding is a hard money lender headquartered in Denver, CO providing funding in 8 states throughout the US. They provide hard money loans for commercial properties, short term loans, and refinancing. They provide terms between ...
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. ...
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 ...
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States. They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...
W Financial is private money lender based in New York, NY. They offer loans across the United States. They provide loans for a variety of situations and needs, including cash out hard money loans, investment property loans, ...
Flip Funding is an asset-based lender in Sacramento, CA providing funding across the US. They provide investment property loans, cash out hard money loans, hard money loans for commercial properties, new construction loans, hard money bridge loans, and ...
Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans. They provide rates ...
Sandyford Resources Inc is a Huntington Station, NY based private money lender providing funding all across the US. They offer lending solutions for many different situations, including fix-and-flip loans, short term loans, and hard money loans for commercial ...
iMoneyLoan
Los Angeles, CA
iMoneyLoan is a Los Angeles, CA based private lender who offers loans throughout the country. They provide private commercial loans, fix and flip loans, private refinancing, and bridge loans. Their lending guidelines are versatile, including loan ...
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