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 Reedsburg, Wisconsin
There are 31 lenders serving Reedsburg, WI. The average note amount in the city is $295,313. Interest rates for loans average about 9.9%. The median note issued in this city has a length of 20 months. The mean origination for the loans is 2.9 points. Lenders typically offer a 73% LTV on loans in Reedsburg.
Loan Example 1
Howard finds a duplex in Reedsburg, WI to flip and resell. Since he doesn't have enough cash to purchase the $310,000 house outright, he decides to take out a bridge loan from Perfect Funding . Because the lender sets a 70% loan-to-value, Howard will have to put 30% down so the principle amount of the loan will be $217,000. The deal also consists of these features: 1) a 18 month length, 2) a 14% interest only note, and 3) a one point origination charge.
In addition to paying the $2,170 origination fee, Howard will also fund $93,000 of the purchase with his own cash, or 30% of the purchase price. Perfect Funding will collect $2,532 in monthly interest payments from the Howard . This is computed by taking the full loan value of $217,000, multiplying by the 14% interest rate, and then dividing that number by 12. If Howard sells the property for $372,000 after 18 months, he would make a gross profit of $14,260 after deducting the principle of $217,000, the funds paid at the close of $93,000, the origination points of $2,170, and the total interest payments of $45,570. This profit doesn't account for rehab costs.
Loan Example 2
Bill locates a duplex in Reedsburg, WI to rehab and resell. Because he does not have enough cash to buy the property outright, he takes a private money bridge loan from K & M Investment Company with the following parameters:
$180,000 sales price
70% loan-to-value (LTV)
12 month term
14% interest rate
1% origination fee
Assuming a $270,000 sales price at the end of the 12 month term, the outcome for this project would look like this:
$270,000 sales price
- $126,000 loan principle (70% LTV)
- $54,000 cash paid at closing (30% on 70% LTV)
- $1,260 origination fee (1% of the $126,000 principle amount)
- $17,640 total interest paid (12 months x 14% interest)
-----------------------
= $71,100 gross profit (doesn't include taxes or rehab 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 ...
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 ...
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. ...
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. ...
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 ...
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. ...
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 ...
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 ...
Bellwether Funding is a private money lender headquartered in Waukesha, WI offering loans in Wisconsin. They offer lending solutions for a variety of needs and situations, including private commercial loans and short term bridge loans. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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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 ...
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 ...
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, ...
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 ...
York Commercial Finance is an Addison, TX based private lender who provides funding all across the United States. They provide new construction loans, private refinancing, commercial loans, and short term loans. Their loan parameters are versatile, including ...
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