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 $6 Billion life-to-date in total loan volume to real estate ...
Fix and Flip Loans in Harper Woods, Michigan
Harper Woods, MI has 49 fix and flip hard money lenders operating in the city. Note amounts average approximately $300,715. The median interest rate for loans in Harper Woods is 10.6%. The typical loan made in the city has a length of 39 months. The average origination for the loans is 2.9 percent. 78% is the average loan to value offered for for loans in Harper Woods.
Loan Example 1
Oscar takes a fix and flip loan from Oak Hill Funding in order to remodel a townhouse to resale in the Ravendale area of Harper Woods, MI. The sales price of the property is $350,000. The loan-to-value (LTV) on the note is 85%. This means that Oscar will need to bring 15% of the purchase price to the closing and the principle will be $297,500 on the note. The parameters of the deal dictate a 12% note for 6 months. They also stipulate a 1 point origination fee, which will also be paid upon closing.
Oscar will need to contribute $52,500 at the closing (15% on the 85% LTV), plus he will need to pay the $2,975 origination fee. Once the loan closes, he will need to pay the lender $2,975 in monthly interest fees, or 12% multiplied times $297,500 divided by 12 months in the year. If Oscar sells the renovated project for $420,000 at the end of the 6 month term, his total profit (not accounting for rehab costs) would be $49,175. This is computed by taking the sales price ($420,000) and subtracting the original note amount ($297,500), the origination cost ($2,975), the cash he brought to closing ($52,500), and the total interest payments ($17,850).
Loan Example 2
Hugh is a an investor in the Ravendale neighborhood of Harper Woods, MI. He buys an older house for a renovation project and takes out a fix and flip loan from Fortune Finance Company with the following paramters:
a) A $370,000 sales price, b) a 85% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 3% origination fee.
If Hugh achieves his goal of a $499,500 sales price, the final numbers of the project will be the following:
$499,500 sales price
- $314,500 loan principle (85% LTV)
- $55,500 down payment (15% on 85% LTV)
- $9,435 origination fee (3% of the $314,500 principle amount)
- $28,305 interest payments (12 months x 9% interest)
-----------------------
= $91,760 total profit (doesn't include taxes or renovation costs)
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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 ...
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. ...
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, ...
Headquartered in Portland, OR, Iron Bridge Lending is a private money lender offering funding in 10 states across the country. Their focus is primarily on fix-and-flip hard money loans. They issue terms between 6 months and 1 ...
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 ...
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 ...
ABC Capital Investments is a Philadelphia, PA based private lender who offers loans all throughout the US. They provide lending solutions for many different scenarios, including long term rental property loans and short term fix and flip loans. ...
Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
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 ...
Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States. They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...
Global Capital Partners is a New York, NY based private lender. They provide funding across the US. They offer hard money bridge loans, hard money construction loans, refinancing, fix-and-flip loans, hard money loans for commercial properties, and ...
Headquartered in Chicago, IL, Renovo Financial is an asset-based lender providing funding across these locations: Chicago, Milwaukee, Detroit, Indianapolis, Cleveland, Cincinnati, Columbus, Philadelphia, Atlanta, Orlando, Tampa, Miami, Austin, San Antonio, Houston, St Louis, and Kansas City. They provide ...
Headquartered in South Windsor, CT, RCN Capital is national, direct, private lender providing funding in 44 states across the country. Established in 2010, we provide short-term and long-term commercial loans ranging from $50k to $2.5M+ for the purchase of non-owner occupied ...
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 ...
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 ...
Dr Daniels and Son is hard money lender headquartered in Bloomfield Hills, MA. They offer funding throughout Michigan. They offer lending solutions for many different scenarios, including commercial loans, bridge loans, and fix-and-flip loans. They ...
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 ...
Zinc Financial is a Fresno, CA based hard money lender. They provide loans in 10 states throughout the country. They offer rental property loans and fix-and-flip loans. They offer rates starting at 8.99% , loan ...
Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using ...
Based in Baltimore, MD, EZ Money Lending Co is an asset-based lender offering funding in 9 states across the US. They offer lending solutions for a variety of situations, including private commercial loans and fix-and-flip hard money loans. ...
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 ...
WSC Synergy Investments is a Los Angeles, CA based private lender. They offer loans in 20 states across the country. Their lending focus is mainly on fix and flip loans. They issue loans with a maximum ...
Next-Financing is based in Scottsdale, Arizona and has a satellite office in Silicon Valley, California. They offer a wide array of financing options for businesses, including fix and flip loans and loans for rental properties. They lend on ...
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 ...
Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US. They offer lending solutions for a variety of situations and needs, including fix and flip hard ...
Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...
Aero Capital Finance is a Kissimmee, FL based private lender. They provide loans in 18 states throughout the United States. They offer loans for a variety of scenarios, including private refinancing, fix and flip loans, hard money loans ...
ARC Capital is a Santa Rosa, CA based private lender providing funding in 17 states throughout the country. They offer long term rental property loans, bridge loans, hard money loans for commercial properties, and short term fix and ...
Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...
1st Choice Lending
Scottsdale, AZ 85260
1st Choice Lending is a Scottsdale, AZ based private money lender offering loans in 22 states across the US. Their focus is mainly on fix and flip hard money loans. Their lending guidelines are flexible, including loan ...
Lima One Capital is a hard money lender based in Greenville, SC providing loans in 40 states across the US. They offer loans for many different scenarios, including fix-and-flip hard money loans, construction loans, refinancing, and investment property ...
Dominion Financial is private lender headquartered in Baltimore, MD. They offer funding in 36 states across the US. Their focus is mainly on fix-and-flip loans. The focus of their loans is for ...
Render Capital Group is a Hobart, IN based hard money lender. They offer loans in 15 states across the country. They offer loans for a variety of scenarios, including commercial hard money loans, hard money bridge loans, ...
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. ...
Based in Skokie, IL, Medford Capital is an asset-based lender offering loans throughout Illinois, Wisconsin, Indiana, and Michigan. They provide commercial hard money loans, investment property loans, and fix-and-flip hard money loans. They provide loan ...
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. ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan ...
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 ...
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 ...
LendingOne is a Boca Raton, FL based private money lender. They provide loans in 41 states throughout the country. They provide loans for investments properties, short term loans, and short term fix and flip loans. They ...
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 ...
Revere Capital is an asset-based lender in Dallas, TX offering funding all throughout the United States. They provide hard money loans for commercial properties, fix-and-flip hard money loans, loans for investments properties, and cash out loans. They ...
Corevest is an Irvine, CA based private lender. They provide funding all across the United States. They provide loans for investments properties, refinancing, bridge loans, and fix and flip hard money loans. Their loan parameters are ...
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