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 Milford, Connecticut
Milford, CT has 50 hard money bridge lenders in the city. Note amounts average approximately $289,688. The median rate for loans in Milford is 11.0%. The mean loan made in the city has a length of 16 months. The average origination fee for loans is 2.7 percent. The median loan-to-value offered for loans in Milford is 69%.
Loan Example 1
Eduardo takes a private money bridge loan from West Star Lending Company in order to rehab a duplex to resale in Milford, CT. The sales price of the house is $360,000. As the lender sets a 50% loan-to-value, Eduardo will have to put 50% down so the total amount of the loan will be $180,000. The terms of the loan dictate a 13% note for 6 months. They also stipulate a 2 point origination fee, that will also need to be paid at closing.
Eduardo must fund a total of $32,400 upon closing to pay the $180,000 down payment plus the $3,600 origination fee. After the loan is executed and Eduardo takes on the property, he will begin making monthly payments of $1,950 to West Star Lending Company ($180,000 principle x 13% / 12 months). If Eduardo achieves his goal of a $432,000 sales price when the loan term expires, he would collect a gross profit of $56,700 after repaying the principle amount and subtracting the cash he contributed at closing, the origination points, and the total interest payments.
Loan Example 2
Suburban Investment Corporation issues a bridge loan to Danielle for a renovation project in Milford, CT. The deal dictates the following:
$350,000 purchase price
70% loan to value (LTV)
18 month term
11% rate of interest
1% origination fee
After the renovation project is complete, if Danielle sells the project for $437,500, the numbers would be the following:
$437,500 sales price
- $245,000 principle (70% LTV)
- $105,000 down payment (30% on 70% LTV)
- $2,450 origination points (1% of the $245,000 principle)
- $40,425 interest payments (18 months x 11% interest)
-----------------------
= $44,625 total profit (does not include taxes or rehab costs)
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Headquartered in Brooklyn, NY, Brooklyn Bridge Capital is a private lender providing loans throughout New York, New Jersey, and Connecticut. They provide hard money bridge loans, loans for investments properties, fix and flip loans, private refinancing, and ...
Lend Some Money is hard money lender headquartered in East Haven, CT. They offer loans throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York. They offer loans for many different scenarios, including short term loans, ...
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, ...
Universal Capital is an asset-based lender headquartered in Andover, MA offering funding in Massachusetts, New Hampshire, Maine, Rhode Island, Connecticut, and Florida. They provide fix-and-flip hard money loans, private commercial loans, hard money bridge loans, and ground-up ...
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 ...
Headquartered in Wellesley, MA, Pro Builder Financial is a hard money lender offering funding throughout New Hampshire, Massachusetts, Connecticut, Rhode Island, and Maine. They offer commercial hard money loans, construction loans, fix and flip loans, buy and hold ...
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, ...
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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 ...
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. ...
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, ...
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 ...
Render Capital Group is a Hobart, IN based hard money lender. They offer loans in 15 states across the country. They offer loans for a variety of scenarios, including commercial hard money loans, hard money bridge loans, ...
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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 ...
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 ...
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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 ...
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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 ...
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Based in Salem, MA, Green Knight Funding is a hard money lender offering funding throughout Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, Maine, and Florida. They offer lending solutions for a variety of situations and needs, including 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 ...
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