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Louisville, KY has 42 fix and flip hard money lenders serving the city. In this city, the median loan amount is $281,429. The median rate for hard money loans in Louisville is 11.8%. The median term offered for loans is 40 months. The average origination fee charged for the loans is 3.0%. Lenders offer on average a 74% LTV on hard money loans in Louisville.
Anita takes a fix and flip loan from GJ Investment Group in order to rehab a townhome to resale in the Highlands Douglas area of Louisville, KY. The sales price of the property is $310,000. Because the lender sets a 60% loan to value, Anita will have to put 40% down so the amount of the loan will be $186,000. The terms of the deal also stipulate a four percent origination fee which is to be paid at closing and a 6 month, interest-only note with a 13% rate of interest.
Anita will have to contribute a total of $32,400 up front to cover the $124,000 down payment in addition to the $7,440 origination fee. Once the deal closes, she will have to pay the lender $2,015 in monthly interest fees, or 13% multiplied times $186,000 divided by 12 months in the year. At the end of the loan, she sells the renovated property for $372,000. After subtracting the $12,090 in total interest payments ($2,015 multiplied times 6 months), the $7,440 origination fee, the $186,000 principle on the loan, and the $124,000 she brought to closing, she will earn a gross profit of $42,470 ($372,000 sales price minus $329,530 in costs). This amount would then be reduced by any renovation costs paid out of pocket.
Marcia takes out a private money loan from Blue Door Finance Company so she can rehab a property to resell in the Fairgrounds area of Louisville, KY. The loan has the following parameters:
a) A $330,000 purchase price, b) a 75% loan-to-value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 4% origination fee.
If Marcia accomplishes her goal of a $445,500 sales price, the final numbers of the deal would be the following:
$445,500 sales price
- $247,500 principle (75% LTV)
- $82,500 down payment (25% on 75% LTV)
- $9,900 origination fee (4% of the $247,500 principle amount)
- $16,088 total interest paid (6 months x 13% interest)
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= $89,513 gross profit (doesn't include taxes or rehab costs)
Louisville, KY
Action Loan is a Louisville, KY based hard money lender who provides funding in Louisville and Fort Lauderdale. They provide loans for many different scenarios, including fix and flip loans, new construction loans, and commercial hard money loans. ...
LendingHome Corporation is a San Francisco, CA based private money lender providing loans in 25 states throughout the United States. They provide buy and hold loans, short term loans, and fix and flip loans. They issue ...
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 ...
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 ...
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. ...
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. ...
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 ...
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 ...
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 ...
Mortgage Man Funding is private lender headquartered in Louisville, KY. They offer funding in Louisville, Indianapolis, and Cincinnati. They offer fix and flip loans and short term bridge loans. They offer loans with a ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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, ...
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 ...
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 ...
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 ...
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 ...
SurePoint Equity LLC is a hard money lender in Louisville, KY offering funding throughout Kentucky. Their lending focus is primarily on fix and flip hard money loans. Their loan parameters are flexible, including terms up to 1 ...
Hard Money Company is a Vienna, VA based private money lender. They offer funding in Miami, Fort Lauderdale, and Key West. They offer loans for many different situations, including fix and flip loans and short term bridge ...
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 ...
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 ...
Brisco Funding is an asset-based lender in Chappaqua, NY providing funding throughout the US. They offer lending solutions for many different situations and needs, including construction loans, buy and hold loans, short term loans, and short term fix ...
3 J Bar-K is a hard money lender headquartered in Jacksonville, FL offering funding throughout the United States. They provide ground up construction loans, cash out loans, short term loans, fix and flip hard money loans, private commercial loans, ...
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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