Anchor Loans is a Calabasas, CA based private lender. They provide loans in 34 states throughout the US. They offer new construction loans, fix-and-flip hard money loans, loans for rental properties, refinancing, hard money bridge loans, and ...
Commercial Hard Money Loans in Phenix City, Alabama
There are 29 commercial private money lenders serving Phenix City, AL. The median amount for loans in the city is $329,688. The median rate for private loans in Phenix City is 8.6%. The median note issued in this city is 50 months in length. The average hard money loan offered in the city includes a 2.9 percent origination charge. 74% is the median loan to value (LTV) for offered by lenders in Phenix City.
Loan Example 1
Fortune Investment Corporation issues a hard money loan to Manuel for the purchase of a new office space after he is denied a conventional mortgage loan by his local bank because he has a subpar FICO score. The lender contracts to a 65% loan to value (LTV) on the sale and the new property costs $830,000, so they will loan $539,500 and Manuel will pay the other $290,500. Additionally, the lender will require a 1 percent origination fee to go along with the 9%, 5 year term on the loan. They will not enforce a pre-payment penalty in the event that Manuel pays off the loan before expiration. By the terms of this loan, Manuel will be required to pay an origination fee of $5,395 at the close (1% x $539,500 principle) and will then make payments of $4,046 monthly ($539,500 principle x 9% interest / 12 months in a year). he will also make a final payment of the $539,500 principle when the loan expires, or sooner if he decides.
Loan Example 2
In order to purchase a new commercial building for his growing business, Roger looks to Prime Time Funding Company to fund his purchase with a commercial private money loan since he isn't able to obtain a conventional mortgage loan from a bank. The property costs $630,000. Roger will need to put 15% down, or $94,500, because the lender will only fund 85% of the purchase (the loan to value or "LTV"). This means that the principle amount on the deal will be $535,500. The parameters of the deal include a 1 year length, a 13% interest rate, and 5 origination points to be paid by the borrower when the transaction closes. Roger can eliminate the loan at any point if he pays back the $535,500 of principle, but he will must make $5,801 per month interest payments ($535,500 principle value x 13% interest rate / 12 months in a year) in the interim, or until the note expires. Since there is not a pre-payment penalty, the only additional expense he will have to pay is the $26,775 origination charge which he will pay at the close.
Visio Lending is a hard money lender based in Austin, TX providing loans in 39 states throughout the United States. They provide short term bridge loans, commercial loans, and fix-and-flip hard money loans. They provide rates ...
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 ...
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 ...
Blackburne and Sons Realty Capital is a Sacramento, CA based private lender providing loans across the country. Their focus is mainly on commercial loans. They issue terms up to 15 years, loan amounts ranging from $100,000 ...
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial loans. They issue loan amounts starting at $2,000,000. They do not ...
AJTM Financial Group is a Stamford, CT based hard money lender. They provide funding all across the US. They provide short term fix and flip loans and private commercial loans. Their loan guidelines are flexible, including ...
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 ...
Headquartered in San Rafael, CA, Equity Coalition is a private lender offering loans throughout the US. They offer cash out hard money loans and commercial loans. They provide loan amounts ranging from $500,000 to $20,000,000, rates ...
Cohen Commercial Equity is hard money lender based in Cambria Heights, NY. They offer funding across the country. Their lending focus is primarily on commercial hard money loans. They provide rates from 6% and ...
Ocean Pacific Capital is an Irvine, CA based hard money lender. They offer loans throughout the US. Their lending focus is mainly on commercial loans. They provide loan amounts starting from $500,000 with a maximum LTV ...
Capital Funding Hard Money is an asset-based lender in Houston, TX offering funding throughout the US. They provide loans for many different situations and needs, including hard money refinancing, bridge loans, and hard money loans for commercial properties. ...
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
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 ...
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 ...
Silver Hill Funding is private lender based in Coral Gables, FL. They provide funding in 39 states throughout the United States. Their lending focus is primarily on commercial loans. They provide rates ranging between 6% ...
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 ...
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 ...
Headquartered in South Windsor, CT, RCN Capital is a hard money lender providing funding in 47 states across the country. They provide loans for many different scenarios, including cash out loans, fix-and-flip hard money loans, commercial hard money loans, ...
US Best Capital Partners LLC is a private lender headquartered in Oakdale, PA offering funding in 41 states across the country. Their focus is primarily on hard money loans for commercial properties. Their lending parameters are versatile, including ...
Based in Coeur d'Alene, IA, COGO Capital is an asset-based lender providing loans in 45 states throughout the US. They provide private commercial loans, fix-and-flip loans, and loans for investments properties. Their loan guidelines are flexible, including ...
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. ...
Normandy is a Rochester, NY based private money lender. They provide funding in 39 states throughout the country. They provide ground-up construction loans, long term rental property loans, cash out hard money loans, fix and flip hard money ...
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 ...
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 Great Neck, NY, National Advance Group is an asset-based lender providing loans in 50 states across the United States. They offer lending solutions for a variety of scenarios, including commercial hard money loans and fix-and-flip hard money ...
GCap Financing is a Gardendale, FL based private money lender providing loans throughout Alabama and Florida. Their lending focus is primarily on private commercial loans. They issue loan amounts ranging from $50,000 to $9,000,000 with a maximum ...
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. ...
Flip Funding is an asset-based lender in Sacramento, CA providing funding across the US. They provide investment property loans, cash out hard money loans, hard money loans for commercial properties, new construction loans, hard money bridge loans, and ...
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