Alabama Refinance / Cash Out Loans
Alabama has 20 private money refinance lenders offering loans in the state. In this state, the median amount loaned is $296,046. Rates for loans average around 10.3%. The average loan issued in the state has a term of 36 months. The mean origination fee for the loans is 3.1 percent. Lenders in Alabama average a 72% loan-to-value (LTV) on their loans.
Loan Example 1
Shari owns a a warehouse she uses for her business operations in Gadsden, AL. So she can generate much needed funds to expand her business, she takes out a portion of the equity in her building via a private money cash out refinance from Oak Hill Lending . The lender does a market value comparison and determines the property is valued at $1,900,000. They decide to loan Shari 55% of this estimated value (the LTV). The lender will subtract 5 origination points at the closing and will then be paid interest only payments at 13% for 2 years. The principle is to be re-paid in a single balloon sum when the loan matures. Based upon the rules of the loan scenario, Oak Hill Lending will loan Shari a sum of $992,750 on her building ($1,900,000 estimated value x 55% loan to value - $52,250 in origination fees). Shari will then pay $11,321 per month in interest fees until the loan expires and will finally repay the $1,045,000 face amount of the loan.
Loan Example 2
Rodney owns and operates a small business in Gadsden, AL. He runs his operations from an industrial building that he owns in full. He makes an agreement with his business partner to buy out their share of the enterprise but he doesn't have the personal cash to do so. To make the deal happen, he takes money from the equity he has in the property through a private money cash out refinancing from North Side Finance Company . In exchange for a first lien on the property, the lender will loan Rodney 65% of its $600,000 value. The lender will deduct 1 origination points at the close and will then receive interest only payments at 10% for 3 years. The principle is to be re-paid in one balloon payment when the loan expires. The principle will be $390,000 but North Side Finance Company will front Rodney $386,100 after subtracting the origination fee of $3,900. Additionally, they will receive $3,250 in monthly interest until they are paid off when the loan expires.
Global Capital Partners
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and the ability to tailor financing options to a client's individual needs have made Global Capital Partners a household name in New York's commercial lending industry. Global Capital Partners has long provided ...
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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 $6.6 Billion life-to-date in total loan volume to real estate ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
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
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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
7500 Old Georgetown Road, Suite 1375
Bethesda, MD 20814
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, ...
Patch of Land
15000 Ventura Blvd Ste 202
Sherman Oaks, CA 91403
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. ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...
5300 W Atlantic Ave,, Suite 205
Delray Beach, FL 33448
Based in Delray Beach, Gelt Financial is a private money lender offering funding throughout Philadelphia. They offer loans for many different situations and needs, including rental property loans, private commercial loans, fix-and-flip hard money loans, hard money bridge ...
1010 NE 2nd Ave
Miami Beach, FL 33132
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 ...
Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
Bridge Well Capital is a hard money lender in Orlando, FL offering funding in 40 states throughout the United States. They provide loans for investments properties, cash out hard money loans, and fix-and-flip hard money loans. Their ...
1100 Peachtree Street, Suite 200
Atlanta, GA 30309
Straightline Funding is an Atlanta, GA based private lender. They provide loans throughout Alabama, Georgia, Illinois, North Carolina, and South Carolina. They provide bridge loans, loans for investments properties, new construction loans, cash out loans, fix and ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
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 ...
Sunset Equity Funding
3435 Wilshire #1840
Los Angeles, CA 90010
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 ...
Peak Choice Capital
144 N Western Avenue Buidling D
Neenah, WI 54956
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. ...
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 ...
Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...
100 Lanidex Plaza
Parsippany, NJ 07054
Stratton Equities is the Nationwide leading hard money lender. We are passionate about helping small business owners, contractors, and Real Estate investors, swiftly and efficiently finance their investment goals. We customize our hard money loan programs for each unique project ...
75 Gerber Road East
South Windsor, CT 06074
Headquartered in South Windsor, CT, RCN Capital is national, direct, private lender providing funding in 44 states across the country. Established in 2010, we provide short-term and long-term commercial loans ranging from $50k to $2.5M+ for the purchase of non-owner occupied ...
Baker Collins & Co.
260 Peachtree St, Suite 1002
Atlanta, GA 30303
Baker Collins & Co. is a Private Real Estate Lending Group that provides streamlined, hassle-free lending options to fit the way you invest. Baker Collins & Co. is rated #1 for client satisfaction and is a leading private money financier ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
Lima One Capital is a hard money lender based in Greenville, SC providing loans in 40 states across the US. They offer loans for many different scenarios, including fix-and-flip hard money loans, construction loans, refinancing, and investment property ...