
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing in Commercial loans, Adaptive Re-use & Construction lines of credit nationwide!
There are 50 fix-and-flip hard money lenders offering loans in Douglas, AZ. In this city, the average note amount is $289,584. The average rate for loans in Douglas is 10.9%. The median loan made in this city is 21 months in length. The average loan made in this city carries a 2.4 point origination fee. Lenders offer on average a 79% loan-to-value (LTV) on deals in Douglas.
Chad is a house flipper in Douglas, AZ. He discovers an older property and wants to renovate it and flip it for a profit. The house has a cost of $230,000 but he does not have the full amount so he takes out a hard money loan with Sunrise Finance. The lender agrees to make a loan with a 50% loan to value (LTV) so they will extend $115,000 on the project. The rate on the loan is 9% for a length of 6 months and the company requires a one point origination fee at closing. The interest payments are to be paid on a monthly basis and the principle will be repaid after the sale of the property.
On top of the $1,150 origination fee, Chad will also fund $115,000 of the purchase with his own funds, or 50% of the purchase price. Sunrise Finance will collect $863 in monthly interest payments from the Chad. This is computed by taking the full loan amount of $115,000, multiplying by the 9% rate of interest, and then dividing that number by 12. At the expiration of the loan, he sells the rehabed house for $276,000. After subtracting the $5,175 in interest payments ($863 multiplied by 6 months), the $1,150 origination fee, the $115,000 principle amount on the loan, and the $115,000 he contributed to the closing, he will make a total profit of $39,675 ($276,000 price minus $236,325 in total costs). This profit would be reduced by any renovation costs paid by Chad.
Micheal locates a duplex in Douglas, AZ to renovate and resell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from USA Lending with the following parameters:
a) A $290,000 purchase price, b) a 85% loan to value (LTV), c) a 18 month term, d) a 14% interest rate, and e) a 5% origination fee.
Once the rehab project is finished, if Micheal sells the property for $348,000, the outcome would be as follows:
$348,000 sales price
- $246,500 loan principle (85% LTV)
- $43,500 cash paid at closing (15% on 85% LTV)
- $12,325 origination points (5% of the $246,500 principle amount)
- $51,765 interest payments (18 months x 14% interest)
-----------------------
= $-6,090 gross profit (does not include taxes or renovation costs)
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing in Commercial loans, Adaptive Re-use & Construction lines of credit nationwide!
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, ...
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing nationwide in commercial loans, adaptive re-use, construction lines of credit, ground up construction, fix & flip, & more!
A diverse portfolio ...
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. ...
Stratton Equities is the Nationwide leading hard money and NON-QM 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 ...
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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 ...
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Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
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We offer innovative financing solutions to our borrowers under-served by traditional banks. And, unlike other non-traditional lenders, we work for you. You talk to a real person about your project and requirements, and we work to get you going.
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