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 Sulphur, Louisiana
There are 29 private money lenders operating in Sulphur, LA. The average loan issued is around $291,750. Rates for private loans average about 10.1%. The mean length for loans is 19 months. The mean points added to the loans is 2.6%. Lenders offer on average a 72% loan-to-value on loans in Sulphur.
Loan Example 1
Rosemarie is a house flipper in Sulphur, LA. She discovers an run-down property in the Carlyss neighborhood and wants to renovate it and re-sell it for a profit. The property costs $400,000 but she doesn't have the full amount so she takes a private money bridge loan with West Star Investment Group . Since the lender agrees to a 80% loan to value, Rosemarie will be required to put 20% down and the total amount of the note will be $320,000. The parameters of the loan also stipulate a two percent origination fee which will be paid at closing and a 12 month, interest-only note with a 14% rate of interest.
According to the parameters of the loan, Rosemarie will have to contribute a $6,400 origination fee in addition to 20% of the sales price, or $80,000, since there is a 80% LTV. The monthly interest only payments will then total $3,733 to West Star Investment Group . Assuming Rosemarie sells the remodeled house for $580,000 at the end of the 12 month term, her gross profit (not including remodeling expenses) would be $128,800. This is calculated by taking the sales price ($580,000) and subtracting the principle ($320,000), the origination cost ($6,400), the cash she contributed to closing ($80,000), and the total interest expenses ($44,800).
Loan Example 2
Trust Finance Corporation issues a private money bridge loan to Marjorie for a remodeling project in the Carlyss area of Sulphur, LA. The loan includes the following:
$290,000 purchase price
85% loan to value (LTV)
18 month term
14% rate of interest
2% origination fee
Based on a $348,000 sales price after the 18 month term, the final numbers for the project would look like the following:
$348,000 sales price
- $246,500 note principle (85% LTV)
- $43,500 down payment (15% on 85% LTV)
- $4,930 origination fee (2% of the $246,500 principle amount)
- $51,765 interest payments (18 months x 14% interest)
-----------------------
= $1,305 gross profit (doesn't include taxes or renovation 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, ...
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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 ...
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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 ...
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 ...
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 ...
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 ...
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. ...
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. ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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