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 Stillwater, Minnesota
Stillwater, MN has 25 lenders operating within the city. The median amount for loans in the city is $297,500. Rates on loans made to Stillwater borrowers average 11.1%. The average length offered for loans is 23 months. The average origination fee charged for the loans is 2.6%. 68% is the average loan to value (LTV) offered for for loans in Stillwater.
Loan Example 1
Jean closes on a $400,000 rehab project in Stillwater, MN, using a hard money bridge loan from Victory Funding Group . The borrower will need to contribute 20% of the sales price in cash to closing based on a 80% loan-to-value set by the lending company. This makes the loan principle from Victory Funding Group $320,000. The parameters of the note also include a three percent origination fee that will be paid at closing and a 6 month, interest only note with a 14% interest rate.
Therefore, Jean will need to contribute a $80,000 down payment in addition to paying a $9,600 origination fee. Once the loan closes, she will pay Victory Funding Group $3,733 in monthly interest fees, or 14% times $320,000 divided by 12 months in a year. Jean 's plan is to complete the renovation within the 6 months and re-sell it for $500,000. If she succeeds she will make a total profit of $68,000 ($500,000 price - $320,000 principle amount - $80,000 funds brough to closing - $9,600 origination fee - $22,400 in total interest.
Loan Example 2
Kara locates a townhouse in Stillwater, MN to rehab and re-sell. Because she does not have enough cash to buy the property outright, she takes a private money bridge loan from Friendly Lending Corporation with the following parameters:
a) A $230,000 purchase price, b) a 85% loan to value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 2% origination fee.
Once the rehab project is complete, if Kara sells the project for $276,000, the outcome would be the following:
$276,000 sales price
- $195,500 loan principle (85% LTV)
- $34,500 cash paid at closing (15% on 85% LTV)
- $3,910 origination fee (2% of the $195,500 principle amount)
- $19,550 total interest paid (12 months x 10% interest)
-----------------------
= $22,540 gross profit (doesn't include taxes or rehab 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, ...
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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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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% ...
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 ...
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 ...
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Headquartered in Seattle, WA, ICS Loans is a private lender providing loans across the US. They provide loans for many different situations and needs, including hard money bridge loans, cash out hard money loans, hard money loans for commercial ...
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