Based in Delray Beach, Gelt Financial since 1989 is a private money lender offering commercial non bank mortgages national. We offer loans for many different situations and needs, including rental property loans, private commercial loans, fix-and-flip hard money loans, hard ...
Bridge Loans in Jamestown, North Dakota
Jamestown, ND has 15 hard money bridge lenders offering loans within the city. The average amount loaned is $615,000. Rates for hard money loans average about 9.8%. The typical term offered for notes is 24 months. The average note includes a 1.9 point origination cost. 72% is the mean loan to value (LTV) offered for for loans in Jamestown.
Loan Example 1
Barbara is an investor in Jamestown, ND. She discovers a run-down property and wants to remodel it and flip it for a profit. The house costs $210,000 but she does not have the full amount so she takes out a bridge loan with South Side Finance Group. The borrower will have to contribute 45% of the purchase price in cash to closing based on a 55% loan to value stipulated by the lending company. This makes the principle note from South Side Finance Group $115,500. The note is interest only, with monthly payments, and is for 18 months at 9% interest with 1 points to be paid at the closing.
The borrower must fund a total of $32,400 upon closing to cover the $94,500 down payment in addition to the $1,155 origination fee. The monthly interest only payments will then be $866 to the lender. If Barbara accomplishes her goal of a $262,500 sales price when the loan expires, she would earn a total profit of $35,753 after repaying the principle amount and subtracting the cash she contributed at closing, the origination points, and the monthly interest payments.
Loan Example 2
Alvin takes out a hard money bridge loan from Ocean View Investments so he can remodel a house to resell in Jamestown, ND. The deal has the following terms:
$160,000 purchase price
50% loan to value (LTV)
18 month term
13% rate of interest
1% origination fee
If Alvin achieves his goal of a $200,000 sales price, the outcome of the deal will be as follows:
$200,000 sales price
- $80,000 principle on note (50% LTV)
- $80,000 down payment (50% on 50% LTV)
- $800 origination points (1% of the $80,000 principle)
- $15,600 total interest paid (18 months x 13% interest)
= $23,600 gross profit (doesn't include taxes or renovation costs)
Global Capital Partners
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and theability to tailor financing options to a client's individual needs have made Global CapitalPartners a household name in New York's commercial lending industry. Global Capital Partnershas long provided ...
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 ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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 ...
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. ...
3014 N. Hayden Rd Suite 115
Scottsdale, AZ 85251
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 ...
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 ...
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 ...
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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 ...
2150 Coral Way | Suite 1A
Miami, FL 33145
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 ...
11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
741 5th St
Sacramento, CA 95605
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 ...
936 Southwood Blvd
Incline Village, NV 89451
Based in Incline Village, NV, Allrise is a private lender offering loans all across the US. They provide private commercial loans, short term loans, and fix and flip loans. They offer terms between 6 months and ...
Real Estate Private Bank
11427 Reed Hartman Highway
Cincinnati, OH 45241
Real Estate Private Bank is a private lender headquartered in Cincinnati, OH providing funding across the United States. They offer lending solutions for a variety of situations, including fix and flip hard money loans, short term bridge loans, ...
Commonwealth Equity Funding
12 Ericsson Street
Boston, MA 02122
Commonwealth Equity Funding is an asset-based lender in Boston, MA providing loans throughout the US. They provide fix and flip hard money loans, commercial loans, ground up construction loans, and bridge loans. Their loan guidelines are versatile, ...