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 Pearl River, Louisiana
Pearl River, LA has 29 lenders operating within the city. The mean amount for loans is $298,611. Interest rates on private loans made to Pearl River investors average around 10.4%. The average note issued in the city is for 21 months. The average origination percentage charged on the loans is 2.3%. Lenders in Pearl River average a 75% LTV on their deals.
Loan Example 1
South Star Investment Company makes a hard money bridge loan to Floyd for a renovation project in Pearl River, LA, on a property that costs $220,000. The loan to value (LTV) on the loan is 60%. This means that Floyd will need to bring 40% of the sales price to closing and the principle amount will be $132,000 on the deal. The loan is interest only, paid monthly, and is for 18 months at 11% interest with 5 origination points to be paid when the deal closes.
In addition to paying the $6,600 origination fee, Floyd will also fund $88,000 of the purchase with his own money, or 40% of the sales price. The monthly interest only payments will then be $1,210 to South Star Investment Company . If Floyd sells the project for $308,000 after 18 months, he would make a gross profit of $59,620 after subtracting the principle amount of $132,000, the cash paid at closing of $88,000, the origination fee of $6,600, and the total interest payments of $21,780. This amount doesn't include building costs.
Loan Example 2
Calvin is a real estate investor in Pearl River, LA. He purchases a run-down property for a renovation project and obtains a bridge loan from North Side Investments with the following terms:
a) A $330,000 purchase price, b) a 60% loan to value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 2% origination fee.
Once the renovation project is complete, if Calvin sells the property for $445,500, the outcome would be as follows:
$445,500 sales price
- $198,000 loan principle (60% LTV)
- $132,000 cash paid at closing (40% on 60% LTV)
- $3,960 origination fee (2% of the $198,000 principle amount)
- $21,780 total interest paid (12 months x 11% interest)
-----------------------
= $89,760 gross profit (doesn't include taxes or renovation costs)
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, ...
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 ...
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 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. ...
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, ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 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. ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
Aspen Capital Funding is a Beaverton, OR based hard money lender offering funding all across the country. They provide hard money bridge loans, commercial loans, and hard money construction loans. They offer loan amounts ranging from ...
Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US. They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans. ...
Headquartered in New York, NY, Roc Capital is a hard money lender offering loans all across the United States. They offer fix-and-flip loans, private refinancing, hard money bridge loans, and commercial hard money loans. Their loan guidelines ...
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, ...
Arch Duke Capital is an Alexandria, VA based hard money lender. They provide funding all across the United States. They offer lending solutions for a variety of scenarios, including short term loans and private commercial loans. Their ...
Headquartered in Seattle, WA, Avatar Financial Group is a hard money lender providing funding all across the United States. They offer lending solutions for a variety of scenarios, including hard money loans for commercial properties and hard money bridge ...