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Simi Valley, CA has 50 private money bridge lenders in the city. The average amount for loans is $331,500. Interest rates on loans issued to Simi Valley investors average 9.6%. The median length offered for notes is 20 months. The mean note includes a 3.8 point origination cost. 75% is the median loan to value (LTV) offered for for loans in Simi Valley.
Shauna takes a hard money bridge loan from Acme Finance in order to rehab a townhouse to resale in Simi Valley, CA. The sales price of the house is $200,000. The borrower will be required to bring 20% of the purchase price in cash to closing based on a 80% loan-to-value stipulated by the lender. This makes the principle note from Acme Finance $160,000. The loan also includes these features: 1) a 6 month length, 2) a 13% interest-only note, and 3) a five percent origination fee.
In accordance with the parameters of the deal, Shauna will have to contribute a $8,000 origination fee in addition to 20% of the purchase price, or $40,000, based on the 80% LTV. The monthly interest-only payments will then total $1,733 to the lender. If Shauna accomplishes her goal of a $250,000 sales price when the loan expires, she would earn a gross profit of $31,600 after repaying the principle amount and deducting the money she brought to closing, the origination fee, and the total monthly interest payments.
Sherri locates a property in Simi Valley, CA to remodel and sell. Since she does not have enough cash to buy the property outright, she takes a bridge loan from Progressive Funding with the following parameters:
$300,000 purchase price
80% loan to value (LTV)
18 month term
11% rate of interest
3% origination fee
Based on a $375,000 sales price at the end of the 18 month term, the numbers for this project would look like the following:
$375,000 sales price
- $240,000 note principle (80% LTV)
- $60,000 cash paid at closing (20% on 80% LTV)
- $7,200 origination points (3% of the $240,000 principle)
- $39,600 interest payments (18 months x 11% interest)
-----------------------
= $28,200 gross profit (doesn't include taxes or renovation costs)
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Val Chris Investments is an Irvine, CA based private money lender who offers funding in California. They provide private refinancing, fix and flip loans, hard money bridge loans, loans for investments properties, and private commercial loans. They ...
All California Lending is private lender based in Brentwood, CA. They provide funding in California. They provide lending solutions for a variety of scenarios, including commercial hard money loans, rental property loans, fix-and-flip loans, builder loans, ...
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Macoy Capital is private money lender based in Beverly Hills, CA. They offer loans in California. They provide hard money refinancing, short term loans, private commercial loans, loans for rental properties, construction loans, and fix-and-flip loans. ...
City Capital Finance is a hard money lender offering funding throughout California. They provide loans for a variety of needs and situations, including cash out loans, fix-and-flip loans, short term loans, investment property loans, and hard money loans ...
Stonecrest Financial is a San Jose, CA based private money lender offering loans in California. They offer loans for many different needs and situations, including short term fix and flip loans, commercial hard money loans, bridge loans, and ...
HML Investments is hard money lender headquartered in Los Angeles, CA. They provide loans throughout California. They offer short term loans, cash out loans, long term rental property loans, hard money loans for commercial properties, and ...
Lending Xpress is a private lender in Irvine, CA providing loans throughout California. They offer construction loans, hard money loans for commercial properties, fix and flip loans, short term bridge loans, rental property loans, and private refinancing. ...
MAE Capital Mortgage is a Rocklin, CA based private lender who offers funding in California. They provide loans for a variety of situations and needs, including builder loans, cash out loans, fix and flip hard money loans, loans for ...
Wilshire Quinn Capital, Inc. serves as manager of the Wilshire Quinn Income Fund, LLC, a California Hard Money Lender focused on short term bridge loans secured by first trust deeds. Wilshire Quinn is based in San Diego, CA with offices ...
Aztec Financial is an asset-based lender in Burbank, CA offering loans throughout California. They provide lending solutions for a variety of situations, including hard money refinancing, loans for rental properties, builder loans, fix-and-flip loans, short term loans, and ...
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Agoura Hills Financial is private money lender headquartered in Agoura Hills, CA. They offer funding in California. They offer bridge loans, fix and flip loans, commercial hard money loans, and buy and hold loans. Their ...
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Portland, OR
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Headquartered in La Jolla, CA, La Jolla Capital Group is a private money lender providing funding throughout California. They provide lending solutions for many different situations, including bridge loans, private refinancing, and hard money loans for commercial properties. ...
Investment Bankers Network is a Downey, CA based private money lender offering loans in California. They offer refinancing, fix and flip loans, hard money bridge loans, and commercial hard money loans. They offer terms up to ...
RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
North Coast Financial is a hard money lender in Oceanside, CA providing loans throughout California. They offer lending solutions for many different situations, including refinancing, commercial loans, construction loans, hard money bridge loans, buy and hold loans, and ...
Headquartered in Los Angeles, CA, Delancey Street Lending is a private lender offering funding in California. They provide loans for many different scenarios, including fix and flip, commercial loans, short-term bridge loans, investments properties, cash-out refinancing, and new construction. ...
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 ...
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Lending Associates is a private money lender based in San Diego, CA providing funding throughout Southern California. They offer commercial loans, ground-up construction loans, bridge loans, cash out hard money loans, and fix-and-flip loans. They provide ...
Rehab Loan Group is a Riverside, CA based private money lender offering funding in Southern California. They provide loans for many different situations and needs, including bridge loans and short term fix and flip loans. They issue ...
Based in Tustin, CA, Alta Equities is a hard money lender providing funding throughout San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, and Ventura County. They provide lending solutions for many ...
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Based in San Diego, CA, Trilion Capital is a private lender offering loans throughout San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, and Ventura County. They provide lending solutions for many ...
Based in Carlsbad, CA, Vantex Capital Group is a private lender providing loans in California. They offer loans for many different scenarios, including commercial hard money loans, short term bridge loans, fix-and-flip hard money loans, and refinancing. ...
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 ...
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