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Sebring, FL has 50 fix-and-flip hard money lenders serving the city. In this city, the average amount for loans is $280,000. Interest rates for loans average about 10.0%. The average term for loans is 42 months. The mean origination for loans is 3.2 points. Lenders in Sebring average a 73% loan-to-value on their loans.
Easy Brook Funding issues a private money loan to Dorothy for a rehab project in Sebring, FL, on a property that is listed for $210,000. The terms of the deal include a 60% loan to value (LTV), so she must bring 40% of the price as cash at closing, making the principle note amount $126,000. The note is interest only, with monthly payments, and is for 6 months at 10% interest with 5 points paid at closing.
In addition to paying the $6,300 origination fee, Dorothy will also have to fund $84,000 of the purchase with her own cash, or 40% of the sales price. Easy Brook Funding will collect $1,050 in monthly interest payments from the Dorothy . This is computed by taking the total note amount of $126,000, multiplying by the 10% rate of interest, and then dividing that amount by 12. If Dorothy achieves her goal of a $273,000 sales price when the loan expires, she would earn a gross profit of $50,400 after repaying the principle on the note and deducting the cash she contributed at closing, the origination fee, and the total interest payments.
Fair View Funding Corporation makes a hard money loan to Virgie for a renovation project in Sebring, FL. The loan dictates the following:
a) A $290,000 sales price, b) a 75% loan-to-value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 3% origination fee.
Assuming a $435,000 sales price at the end of the 6 month term, the final numbers for the project would look like the following:
$435,000 sales price
- $217,500 note principle (75% LTV)
- $72,500 cash paid at closing (25% on 75% LTV)
- $6,525 origination fee (3% of the $217,500 principle amount)
- $14,138 total interest paid (6 months x 13% interest)
-----------------------
= $124,338 total profit (doesn't include taxes or renovation costs)
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Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
Brickell Financial is a private money lender based in Miami, FL offering loans throughout Florida. They offer lending solutions for a variety of situations, including hard money construction loans, private refinancing, short term bridge loans, long term rental property ...
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Carbon Capital is private lender based in Jacksonville, FL. They provide funding throughout Florida. They offer lending solutions for a variety of situations and needs, including commercial loans and fix and flip hard money loans. Their ...
Capital Funding Financial is a Parkland, FL based hard money lender providing funding throughout Florida. They offer hard money loans for commercial properties, refinancing, short term loans, and fix and flip hard money loans. They offer ...
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
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 ...
Coral Springs, FL
City Financial Mortgage is an asset-based lender in Coral Springs, FL offering loans in Florida. Their focus is primarily on fix and flip hard money loans. Their lending parameters are flexible, including rates starting at 8.5% ...
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 ...
US Mortgage Lenders is a Hollywood, FL based private money lender. They provide funding in Florida and Georgia. They offer loans for many different needs and situations, including long term rental property loans, fix-and-flip loans, and commercial ...
Based in Fort Lauderdale, FL, A to Z Capital is a private money lender providing funding throughout Florida. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, fix-and-flip loans, short term ...
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...
Based in Rockville, MD, ACC Mortgage is a hard money lender offering loans in 16 states across the country. They offer fix and flip loans, commercial loans, private refinancing, and buy and hold loans. Their loan parameters ...
The Associates Home Loan of Florida is a Tampa, FL based private money lender. They offer funding in Florida. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, short term fix ...
Based in Hollywood, FL, Transactional Funding is a hard money lender offering loans in Florida and Georgia. Their focus is mainly on short term fix and flip loans. They primarily offer loans for single ...
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, ...
Portland, OR
Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...
Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
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. ...
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 ...
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 ...
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 ...
Universal Capital is an asset-based lender headquartered in Andover, MA offering funding in Massachusetts, New Hampshire, Maine, Rhode Island, Connecticut, and Florida. They provide fix-and-flip hard money loans, private commercial loans, hard money bridge loans, and ground-up ...
Based in Boca Raton, FL, Goldstar Credit Corporation is a hard money lender offering funding in Florida. They offer buy and hold loans, hard money loans for commercial properties, and fix-and-flip hard money loans. Their loan parameters ...
BinaNat Capital is an asset-based lender in Ponte Vedra Beach, FL providing loans in Georgia and Florida. They offer loans for a variety of situations and needs, including fix and flip hard money loans and hard money loans for ...
M&M Private Lending Group is private money lender headquartered in North Miami, FL. They offer funding in Florida. They offer bridge loans, fix-and-flip loans, hard money loans for commercial properties, rental property loans, and refinancing. ...
Based in Pittsburgh, PA, GMA Hard Money is a private lender offering funding in Chicago, Newark, and Pittsburgh. They offer fix and flip loans, cash out hard money loans, buy and hold loans, and private commercial loans. ...
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 ...
Nork Capital Trading is private money lender based in Miami, FL. They offer loans throughout Florida. They offer hard money loans for commercial properties, cash out hard money loans, fix and flip hard money loans, buy and ...
Benworth Capital is a Miami, FL based private lender providing funding in Florida. They offer cash out hard money loans, long term rental property loans, and fix and flip hard money loans. Their lending parameters are flexible, ...
CIVIC Private Money Lending is a Redondo Beach, CA based hard money lender offering funding in 10 states throughout the country. They provide loans for a variety of scenarios, including private refinancing, fix and flip hard money loans, hard ...
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 ...
Hanson Capital Group is a Phoenix, AZ based private lender who provides funding in Arizona, California, Texas, Florida, and Washington. They offer loans for many different needs and situations, including loans for rental properties, fix and flip loans, ...
Based in Lake Worth, FL, Preston Ware is an asset-based lender providing funding in Florida. Their lending focus is primarily on short term fix and flip loans. Their lending parameters are flexible, including terms between 3 months ...
BridgeInvest is a Miami, FL based private money lender who offers loans throughout Georgia, Florida, Texas, and North Carolina. They provide loans for many different scenarios, including fix and flip hard money loans, cash out loans, short term ...
LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 12 states throughout the country. They provide commercial loans, construction loans, and fix-and-flip loans, multi-unit (5+) okay. Their loan guidelines are flexible, including rates starting at 7.9% ...
Lend Core is a Ponte Vedra, FL based hard money lender who offers funding in Florida. They provide loans for many different scenarios, including fix and flip hard money loans, bridge loans, and commercial hard money loans. ...
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 ...
Fairview Commercial Lending is a Sandy Springs, GA based private money lender. They offer loans throughout Colorado, Florida, Georgia, and Illinois. They provide lending solutions for many different scenarios, including private commercial loans, short term fix and ...
Based in Fort Lauderdale, FL, Equity Max is a private money lender providing loans in Florida. Their lending focus is primarily on fix-and-flip loans. They lend funds to all borrowers based on the value of the ...
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 ...
Empire State Mortgage is private lender headquartered in Weehawken, NJ. They offer funding throughout New York, New Jersey, and Florida. They offer fix-and-flip loans, refinancing, loans for investments properties, and hard money loans for commercial ...
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 ...
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