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 New Prague, Minnesota
New Prague, MN has 25 private money bridge lenders operating in the city. In this city, the mean loan amount is $304,167. Rates for private loans average around 10.7%. The typical length for loans is 21 months. The average origination percentage added to the loans is 2.6%. Lenders in New Prague average a 71% loan to value (LTV) on their loans.
Loan Example 1
Jesus takes a private money bridge loan from All Star Funding Company in order to remodel a property to flip in New Prague, MN. The list price of the house is $190,000. The lender agrees to write a loan with a 75% loan-to-value (LTV) so they will loan $142,500 on the property. The terms of the note also stipulate a one percent origination fee that will be paid at the closing and a 12 month, interest-only note with a 8% rate of interest.
Accordingly, the borrower will need to make a $47,500 down payment plus pay a $1,425 origination fee. he will then pay $950 monthly to All Star Funding Company . If Jesus sells the house for $228,000 after 12 months, he would then earn a gross profit of $25,175 after subtracting the principle of $142,500, the funds contributed at closing of $47,500, the origination fee of $1,425, and the aggregate interest payments of $11,400. This amount doesn't include remodeling costs.
Loan Example 2
Luisa takes a bridge loan from Redwood Finance in order to remodel a townhouse to re-sell in New Prague, MN. The deal has the following parameters:
$380,000 sales price
75% loan-to-value (LTV)
6 month term
13% interest rate
2% origination fee
Based on a $551,000 sales price at the end of the 6 month term, the final numbers for this project would look like the following:
$551,000 sales price
- $285,000 loan principle (75% LTV)
- $95,000 cash paid at closing (25% on 75% LTV)
- $5,700 origination fee (2% of the $285,000 principle)
- $18,525 interest payments (6 months x 13% interest)
-----------------------
= $146,775 gross profit (doesn't 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 ...
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, ...
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 ...
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. ...
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 ...
Headquartered in Wheat Ridge, CO, Pine Financial Group is a private money lender offering loans in Colorado and Minnesota. They offer fix and flip loans, short term loans, and long term rental property loans. Their loan guidelines ...
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 ...
Source Capital is an asset-based lender headquartered in Los Angeles, CA offering loans in California, Arizona, and Minnesota. They provide loans for a variety of situations and needs, including bridge loans, fix-and-flip loans, hard money refinancing, and ...
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
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 ...
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 ...
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 ...
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 ...
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. ...
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
Abel Commercial Funding is a Rockville, MD based private lender offering funding throughout the US. They provide commercial hard money loans, short term bridge loans, and fix and flip hard money loans. Their lending parameters are versatile, ...
Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US. They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...
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 ...
The Madison Group is a Heber City, UT based hard money lender. They provide loans throughout the United States. They provide lending solutions for many different situations, including commercial loans and bridge loans. They provide loan ...
Headquartered in Las Vegas, NV, Alpha Funding is a private money lender offering loans all throughout the United States. They provide lending solutions for a variety of situations and needs, including hard money bridge loans and commercial loans. ...
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
Your Information is Processing