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 Prairie Village, Kansas
Prairie Village, KS has 33 private money bridge lenders offering loans in the city. The mean note amount is $286,945. The mean interest rate for private loans in Prairie Village is 10.6%. The typical loan issued in this city is 17 months in length. A typical hard money loan made in the city carries a 2.6 point origination cost. Lenders in Prairie Village average a 71% loan to value on their deals.
Loan Example 1
Redwood Lending Group makes a bridge loan to Ray for a rehab project in the Arrowhead Trails area of Prairie Village, KS, on a property that costs $240,000. The loan to value (LTV) on the loan is 70%. This means Ray will bring 30% of the sales price to the closing and the principle amount will be $168,000 on the deal. The interest rate on the loan is 13% for a term of 18 months and the company requires a two point origination fee at the closing. The interest payments are to be paid monthly and the principle will be paid back after the sale of the property.
On top of the $3,360 origination fee, Ray will also have to fund $72,000 of the purchase with his own funds, or 30% of the sales price. After the loan is executed and Ray takes on the project, he will have to begin making monthly payments of $1,820 to Redwood Lending Group ($168,000 principle x 13% / 12 months). If Ray meets his goal of a $288,000 total sales price at the end of the loan term, he would pocket a total profit of $11,880 after re-paying the principle on the note and deducting the cash he brought to closing, the origination fee, and the monthly interest payments.
Loan Example 2
Glenda takes a hard money bridge loan from Reliance Investments so she can remodel a townhome to flip in the Cunningham Heights neighborhood of Prairie Village, KS. The deal has the following terms:
a) A $370,000 sales price, b) a 85% loan to value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 4% origination fee.
After the renovation project is finished, if Glenda sells the house for $444,000, the outcome would be as follows:
$444,000 sales price
- $314,500 note principle (85% LTV)
- $55,500 down payment (15% on 85% LTV)
- $12,580 origination points (4% of the $314,500 principle)
- $22,015 total interest paid (6 months x 14% interest)
-----------------------
= $39,405 total profit (does not 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, ...
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, ...
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 ...
Investors Choice Funding is private money lender based in Louisville, CO. They offer loans throughout Kansas City, Kansas City, Omaha, and Lincoln. They provide loans for a variety of situations and needs, including commercial hard money ...
Crossroads Investment Lending is an Overland Park, KS based private lender providing loans throughout Kansas City. They provide short term bridge loans and fix and flip hard money loans. They provide rates ranging between 12% and ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 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 ...
ReCasa Financial Group is a Columbus, OH based private money lender providing funding in 9 states across the US. They provide lending solutions for many different needs and situations, including hard money bridge loans, private commercial loans, refinancing, ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
Commercial Funding Solutions is a Pittsburgh, PA based private money lender who provides funding all throughout the US. They offer commercial hard money loans and bridge loans. Their loan parameters are versatile, including rates ranging between 9% ...
Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans. They provide rates ...
Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...
Headquartered in Westlake Village, CA, Asset-Backed Lending Partners is an asset-based lender offering loans all across the US. They offer private commercial loans and hard money bridge loans. Their lending parameters are flexible, including loan amounts ranging ...
Based in Tempe, AZ, Dividend America is an asset-based lender providing loans across the country. They offer lending solutions for a variety of situations, including hard money refinancing, commercial hard money loans, and short term bridge loans. ...
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
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