Alaska Refinance / Cash Out Loans
Alaska has 14 hard money refinance lenders offering loans within the state. The median note amount is $375,896. Interest rates for loans average around 10.3%. The mean term for loans is 42 months. The mean loan includes a 3.2 percent origination cost. 75% is the median LTV for offered by lenders in Alaska.
Loan Example 1
Vernon owns and operates a business in Eagle River, AK. He runs his operations out of a building which he owns outright. In order to generate much-needed funds to expand his company, he cashes out a portion of the equity in his building via a hard money cash-out refinance from Deep Lake Finance Group. In exchange for a first lien on the building, the lender will fund Vernon 40% of its $2,100,000 estimated value. The lender will deduct 3 origination points when the transaction closes and will then receive interest only payments at 14% for 5 years. The principle is to be repaid in a single balloon sum when the note expires. According to the stipulations of the loan, Deep Lake Finance Group will loan Vernon a total of $814,800 on his building ($2,100,000 estimated market value x 40% loan-to-value - $25,200 in origination points). Vernon will then pay $9,800 monthly in interest fees until the note matures and will then repay the $840,000 principle of the note.
Loan Example 2
Wesley owns a an office building he uses for his company's operations in Eagle River, AK. So he can obtain much-needed funds to expand his business, he takes out a portion of the equity he has in his building via a hard money cash out refinance from Green Square Funding Company. In exchange for a deed of trust on the building, the lender agrees to loan Wesley 55% of its $1,600,000 estimated value. They also stipulate a 12% interest rate, a 2 year term, and will collect an origination fee of 5 points at the close. Interest only payments are to be made each month with the principle to be re-paid when the note matures. Wesley will receive $836,000 in cash from Green Square Funding Company when the deal is executed ($1,600,000 value x 55% LTV - $44,000 in origination points). He will then make payments each month in the amount of $8,800 for the 2 year duration of the note. He will then make a final payment of $880,000 to close the debt.
You can rely on us as your hard money and private bridge finance lender in providing the most effective real estate financing solutions in the country.
We specialize in hard money loans for all commercial and residential properties types, bridge loans, fix and flip loans, value add loans, ground up construction loans and even land loans!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $500k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
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Patch of Land
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Temple View Capital
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PB Financial Group
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JCAP Private Lending
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Jcap is a Newport Beach, CA based direct lender who closes and services investor funded short-term real estate loans. They provide loans in 43 states. They offer private refinancing, fix-and-flip hard money loans, investment property loans and more. Their loan ...
11 Middle Neck Road Suite 314
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Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
207 Mockingbird Ln, #402
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Investor Rehab Funding
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Bridge Well Capital
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