Nationwide Mortgage is a hard money lender in Mission Viejo, CA offering loans in 17 states throughout the country. They provide lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip hard ...
Bridge Loans in Lithia, Florida
Lithia, FL has 50 private money lenders operating within the city. In this city, the average loan amount is $303,000. Rates on hard money loans made to Lithia borrowers average around 10.7%. The mean loan made in this city has a term of 21 months. The average note includes a 3.0 percent origination charge. Lenders offer on average a 73% LTV on loans in Lithia.
Loan Example 1
Jack closes on a $180,000 renovation project in Lithia, FL, using a private money bridge loan from West Side Lending Group . The borrower will need to contribute 45% of the sales price in cash to the closing based on a 55% loan-to-value stipulated by the lender. This makes the principle amount from West Side Lending Group $99,000. The parameters of the deal dictate a 8% note for 12 months. They also stipulate a 4 point origination fee, which will also be paid when the property closes.
Accordingly, Jack will be required to contribute a $81,000 down payment plus pay a $3,960 origination fee. After the deal closes, he will pay West Side Lending Group $660 in monthly interest fees, or 8% multiplied by $99,000 divided by 12 months in a year. Jack 's plan is to complete the renovation by the end of the 12 months and resell it for $252,000. If he succeeds he will make a total profit of $60,120 ($252,000 price - $99,000 principle - $81,000 down payment - $3,960 origination fee - $7,920 in interest.
Loan Example 2
Roland takes a bridge loan from Flippers Funding Company so he can remodel a townhouse to resell in Lithia, FL. The loan has the following terms:
$150,000 sales price
80% loan-to-value (LTV)
12 month term
9% rate of interest
4% origination fee
Roland intends to sell the property at the end of the term for $225,000. If he achieves this goal, the final numbers would be the following:
$225,000 sales price
- $120,000 principle (80% LTV)
- $30,000 down payment (20% on 80% LTV)
- $4,800 origination fee (4% of the $120,000 principle)
- $10,800 total interest paid (12 months x 9% interest)
-----------------------
= $59,400 total profit (does not include taxes or renovation 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 ...
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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, ...
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Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
Capital Funding Financial is a Parkland, FL based hard money lender providing funding throughout Florida. They offer hard money loans for commercial properties, refinancing, short term loans, and fix and flip hard money loans. They offer ...
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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. ...
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Fairfield Financial Services
Portland, OR
(503) 348-7011 Website
Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...
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 ...
RK Mortgage Group is a hard money lender headquartered in Hallandale Beach, FL providing loans across the following areas: Bay County, Brevard County, Broward County, Charlotte County, Clay County, Collier County, Duval County, Flagler County, Hillsborough County, Lee County, Manatee ...
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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 ...
Aileron Residential Lending is a Tampa, FL based hard money lender. They offer loans in California and Florida. They offer loans for a variety of situations and needs, including bridge loans and fix-and-flip loans. They offer ...
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 ...
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 ...
Refresh Real Estate Funding is hard money lender headquartered in Miami Beach, FL. They offer funding throughout Florida. They offer lending solutions for a variety of needs and situations, including fix and flip loans, new construction loans, ...
New Wave Loans is an asset-based lender based in Aventura, FL providing funding throughout New York, Arizona, Illinois, and Florida. They provide lending solutions for a variety of situations, including buy and hold loans, commercial loans, ground up ...
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, ...
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 ...
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 ...
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. ...
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. ...
Westmoore Group is private lender based in Atlanta, GA. They offer loans in Georgia and Florida. They provide hard money loans for commercial properties and short term bridge loans. They offer loans ...
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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Commercial Capital Limited is a Weston, FL based private lender who offers funding in Florida. They provide lending solutions for many different scenarios, including private commercial loans and short term bridge loans. Their loan guidelines are versatile, including ...
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 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 ...
Lend Core is a Ponte Vedra, FL based hard money lender who offers funding in Florida. They provide loans for many different scenarios, including fix and flip hard money loans, bridge loans, and commercial hard money loans. ...
CIVIC Private Money Lending is a Redondo Beach, CA based hard money lender offering funding in 10 states throughout the country. They provide loans for a variety of scenarios, including private refinancing, fix and flip hard money loans, hard ...
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 ...
ARC Capital is a Santa Rosa, CA based private lender providing funding in 17 states throughout the country. They offer long term rental property loans, bridge loans, hard money loans for commercial properties, and short term fix and ...
Raymond C Green Companies is a private money lender based in Boston, MA providing funding throughout Massachusetts, New Hampshire, Rhode Island, Maine, Connecticut, and Florida. They provide loans for a variety of situations and needs, including construction loans, ...
LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 12 states throughout the country. They provide commercial loans, construction loans, and fix-and-flip loans, multi-unit (5+) okay. Their loan guidelines are flexible, including rates starting at 7.9% ...
Sherman Bridge Lending is a hard money lender headquartered in Irving, TX providing loans throughout Philadelphia. They provide short term loans, buy and hold loans, and fix and flip loans. They provide loan amounts ranging from ...
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 ...