Alaska Refinance / Cash Out Loans
Alaska has 12 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.
Based in Delray Beach, Gelt Financial since 1989 is a private money lender offering commercial non bank mortgages national. We offer loans for many different situations and needs, including rental property loans, private commercial loans, fix-and-flip hard money loans, hard ...
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 $7.1 Billion life-to-date in total loan volume to real estate investors. ...
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. ...
7200 N. MoPac, Suite 100
Austin, TX 78731
Stronghill Capital is an Austin, TX based national lender specializing in small balance commercial and investment residential loans. They offer funding in most states and deliver tailored and flexible lending options to their clients that best meets their goals. Their ...
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, ...
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 ...
JCAP Private Lending
3151 Airway Ave, Suite Q3
Newport Beach, CA 92626
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
Great Neck, NY 11021
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 ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, ...
207 Mockingbird Ln, #402
Johnson City, TN 37604
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 ...
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. ...
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 ...