We help real estate investors secure fast and flexible financing. Whether flipping houses, building new homes, or growing a rental portfolio, we provide the funding you need without long bank delays.
We found 50 records for fix and flip lenders in Laporte, CO. The median loan made is around $283,750. Rates on hard money loans made to Laporte borrowers average about 10.9%. The typical note issued in the city has a term of 18 months. The average points added to loans is 1.8%. The typical loan to value (LTV) for loans in Laporte is 74%.
Debora takes a fix and flip loan from West Star Finance Company in order to renovate a duplex to flip in Laporte, CO. The list price of the house is $310,000. The terms of the loan include a 80% loan to value (LTV), so she must contribute 20% of the price as cash at closing, making the principle loan amount $248,000. The interest rate on the note is 13% for a term of 6 months and the company requires a one point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be returned after the sale of the property.
In addition to paying the $2,480 origination fee, Debora will also need to fund $62,000 of the purchase with her own funds, or 20% of the purchase price. she will then pay $2,687 per month to the lender. If Debora sells the house for $449,500 after 6 months, she would earn a gross profit of $120,900 after deducting the original principle of $248,000, the funds paid at the close of $62,000, the origination points of $2,480, and the aggregate interest payments of $16,120. This gross profit doesn't include remodeling costs.
Blue Mountain Investment Company issues a hard money loan to Sheila for a remodeling project in Laporte, CO. The loan includes the following:
$270,000 purchase price
60% loan-to-value (LTV)
6 month term
9% interest rate
3% origination fee
If Sheila succeeds in her goal of a $391,500 sales price, the final numbers of the deal will be the following:
$391,500 sales price
- $162,000 principle (60% LTV)
- $108,000 down payment (40% on 60% LTV)
- $4,860 origination points (3% of the $162,000 principle)
- $7,290 interest payments (6 months x 9% interest)
-----------------------
= $109,350 gross profit (does not include taxes or renovation costs)
We help real estate investors secure fast and flexible financing. Whether flipping houses, building new homes, or growing a rental portfolio, we provide the funding you need without long bank delays.
From quick fix and flip projects to expansive portfolio loans, our tailored financing solutions are here to support your journey towards success.
With more than $12.3B in funded loans, Kiavi is one of the nations largest private lenders to residential real estate investors!
Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
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