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 St Cloud, Minnesota
A total of 25 results for private money bridge lenders were found in Saint Cloud, MN. The median amount for loans in the city is $302,500. Rates for loans average 11.0%. 24 months is the median term for loans made in this city. The mean points charged for the loans is 2.3%. The mean loan-to-value (LTV) for loans in Saint Cloud is 72%.
Loan Example 1
Uptown Lending makes a private money bridge loan to Vivian for a rehab project in Saint Cloud, MN, on a property that is listed for $390,000. The terms of the loan include a 75% loan to value (LTV), so she must bring 25% of the price as cash to closing, making the principle note amount $292,500. The parameters of the deal also stipulate a four point origination fee which will be paid at the closing and a 6 month, interest only note with a 9% interest rate.
Accordingly, Vivian will need to make a $97,500 down payment in addition to paying a $11,700 origination fee. After the deal closes, she will need to pay the lender $2,194 in monthly interest fees, or 9% times $292,500 divided by 12 months in the year. Vivian 's intention is to finish the renovation by the end of the 6 months and re-sell it for $507,000. If she succeeds she will earn a gross profit of $92,138 ($507,000 price - $292,500 principle amount - $97,500 cash at closing - $11,700 origination points - $13,163 in interest.
Loan Example 2
Eugenia is a an investor in Saint Cloud, MN. She purchases an older house for a renovation project and takes out a private money bridge loan from Fair View Finance Group with the following terms:
a) A $220,000 purchase price, b) a 80% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 5% origination fee.
After the renovation project is finished, if Eugenia sells the house for $286,000, the numbers would be the following:
$286,000 sales price
- $176,000 principle (80% LTV)
- $44,000 cash paid at closing (20% on 80% LTV)
- $8,800 origination points (5% of the $176,000 principle amount)
- $7,040 total interest paid (6 months x 8% interest)
-----------------------
= $50,160 total profit (does not include taxes or renovation costs)
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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. ...
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 ...
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 ...
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 ...
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 ...
Headquartered in Wheat Ridge, CO, Pine Financial Group is a private money lender offering loans in Colorado and Minnesota. They offer fix and flip loans, short term loans, and long term rental property 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, ...
Brisco Funding is an asset-based lender in Chappaqua, NY providing funding throughout the US. They offer lending solutions for many different situations and needs, including construction loans, buy and hold loans, short term loans, and short term fix ...
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 ...
Direct Money Lenders is an Indianapolis, IN based hard money lender providing funding across the country. They provide loans for many different situations, including cash out hard money loans, hard money bridge loans, commercial loans, and fix and ...
We Lend Money is an asset-based lender offering funding all throughout the US. They provide lending solutions for a variety of situations, including private commercial loans, long term rental property loans, fix-and-flip loans, hard money construction loans, and ...
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
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