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 Prescott, Arizona
Prescott, AZ has 50 private money bridge lenders in the city. The median note amount in this city is $322,500. The median interest rate for private loans in Prescott is 11.9%. The typical length for loans is 24 months. The mean origination fee added to loans is 2.9%. Lenders in Prescott average a 75% LTV on their deals.
Loan Example 1
Rising Sun Investment Corporation issues a bridge loan to Herman for a renovation project in the Williamson subdivision of Prescott, AZ, on a property that costs $350,000. The terms of the note include a 50% loan to value (LTV), so he must bring 50% of the price as cash at closing, making the principle loan amount $175,000. The interest rate on the loan is 11% for a term of 6 months and the company requires a one point origination fee at the close. The interest is to be paid monthly and the principle will be repaid after the sale of the property.
Therefore, Herman will be required to make a $175,000 down payment plus pay a $1,750 origination fee. Once the deal closes, he will pay the lender $1,604 in monthly interest fees, or 11% multiplied times $175,000 divided by 12 months in the year. At the end of the loan, he sells the renovated property for $507,500. After deducting the $9,625 in interest payments ($1,604 multiplied times 6 months), the $1,750 origination fee, the $175,000 principle amount on the loan, and the $175,000 he brought to closing, he will make a total profit of $146,125 ($507,500 sales price minus $361,375 in costs). This amount would then be reduced by any renovation costs paid by Herman .
Loan Example 2
Bradley is a real estate investor in the Williamson area of Prescott, AZ. He finds an older townhouse for a rehab project and obtains a bridge loan from Dimension Lending Corporation with the following terms:
a) A $370,000 sales price, b) a 50% loan to value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 5% origination fee.
Bradley plans to sell the project at the end of the term for $518,000. If he accomplishes his goal, the outcome will be the following:
$518,000 sales price
- $185,000 loan principle (50% LTV)
- $185,000 cash paid at closing (50% on 50% LTV)
- $9,250 origination points (5% of the $185,000 principle amount)
- $10,175 total interest paid (6 months x 11% interest)
-----------------------
= $128,575 total profit (doesn't include taxes or renovation costs)
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 ...
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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 ...
Omega Funding is a hard money lender headquartered in Denver, CO providing funding in 8 states throughout the US. They provide hard money loans for commercial properties, short term loans, and refinancing. They provide terms between ...
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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 ...
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
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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 ...
Headquartered in Scottsdale, AZ, Gencor Commercial Capital is a hard money lender offering funding throughout Arizona and Florida. They provide lending solutions for a variety of needs and situations, including fix-and-flip hard money loans, commercial hard money loans, ...
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Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
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Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial 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 ...
Broakmark Real Estate Management is a Denver, CO based private money lender who provides loans in Arizona, Texas, Colorado, Wyoming, and Utah. They provide lending solutions for many different needs and situations, including cash out hard money loans, ...
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
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 ...
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 ...
Heartland Capital Group is an asset-based lender in Addison, TX providing funding throughout Texas, Arizona, New Mexico, Utah, and Colorado. They offer lending solutions for a variety of scenarios, including commercial loans, short term loans, and cash ...
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Artemis Realty Capital is private money lender headquartered in Phoenix, AZ. They offer loans in Southern California. They provide loans for a variety of scenarios, including hard money loans for commercial properties, hard money refinancing, and ...
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Capital Fund 1 is a Scottsdale, AZ based hard money lender who offers funding in Arizona. They provide lending solutions for a variety of situations, including new construction loans, commercial loans, refinancing, investment property loans, short term fix and ...
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Based in Scottsdale, AZ, Del Mar Financial & Investments is an asset-based lender providing loans throughout Arizona. They provide private refinancing, hard money construction loans, fix and flip hard money loans, short term loans, commercial hard money loans, ...
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 ...
Corevest is an Irvine, CA based private lender. They provide funding all across the United States. They provide loans for investments properties, refinancing, bridge loans, and fix and flip hard money loans. Their loan parameters are ...
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Capital Funding Services Corporation has funding partners nationwide to help Get the Funding You Need. From SBA Loans, Fixed Term Loans, Lines of Credit, Cash Advances, Hard Money, Private Money, Bridge Loans, Equipment Financing and more. Mr. Amaro ...
iMoneyLoan
Los Angeles, CA
(818) 465-5626 Website
iMoneyLoan is a Los Angeles, CA based private lender who offers loans throughout the country. They provide private commercial loans, fix and flip loans, private refinancing, and bridge loans. Their lending guidelines are versatile, including loan ...
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 ...