
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 Somerton, AZ. The average amount loaned is $304,286. Rates on hard money loans issued to Somerton borrowers average 10.8%. 23 months is the average length for loans issued in this city. The mean origination fee added to loans is 2.8%. 71% is the typical loan to value offered for for loans in Somerton.
Christi is an investor in Somerton, AZ. She locates a run-down property and decides to rehab it and sell it for a profit. The house has a cost of $280,000 but she doesn't have the full amount so she takes a hard money loan with P & J Funding Group. The terms of the loan include a 75% loan to value (LTV), so she must contribute 25% of the price as cash at closing, making the principle loan amount $210,000. The loan is interest only, paid monthly, and is for 6 months at 9% interest with 2 points to be paid when the deal closes.
Accordingly, the borrower will have to contribute a $70,000 down payment plus pay a $4,200 origination fee. The monthly interest only payments will then be $1,575 to P & J Funding Group. If Christi sells the property for $406,000 after 6 months, she would realize a total profit of $112,350 after subtracting the original principle of $210,000, the cash paid at closing of $70,000, the origination fee of $4,200, and the total interest payments of $9,450. This gross profit doesn't account for renovation costs.
Wesley is a real estate investor in Somerton, AZ. He finds an older property for a rehab project and obtains a private money loan from Flippers Finance with the following terms:
a) A $170,000 sales price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 10% interest rate, and e) a 2% origination fee.
Assuming a $204,000 sales price after the 6 month term, the outcome for this project would look like the following:
$204,000 sales price
- $85,000 principle on note (50% LTV)
- $85,000 down payment (50% on 50% LTV)
- $1,700 origination points (2% of the $85,000 principle)
- $4,250 total interest paid (6 months x 10% interest)
-----------------------
= $28,050 gross profit (doesn't include taxes or rehab 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. ...
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Capella Mortgage is a private lender in Las Vegas, NV offering funding throughout Nevada, California, and Arizona. They offer loans for a variety of needs and situations, including rental property loans and fix-and-flip hard money loans. ...
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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 ...
Based in Scottsdale, AZ, BradLoans is a private money lender providing funding in Arizona. They offer lending solutions for many different scenarios, including buy and hold loans, private refinancing, and fix-and-flip loans. They issue loans with ...
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LM2 Investment Group is a Scottsdale, AZ based private money lender. They offer loans in Arizona. They provide lending solutions for a variety of scenarios, including investment property loans and fix and flip loans. They provide ...
Wolf Mortgage is private money lender based in Scottsale, AZ. They provide loans throughout Arizona. They offer loans for a variety of situations, including long term rental property loans and fix-and-flip hard money loans. Their loan ...
Dominion Financial Services is a private lender serving professional single-family real estate investors. We offer fix & flip loans, 30-yr fixed-rate rental loans, new construction financing, and multifamily bridge loans. We currently lend in all 50 states and Washington D.C ...
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CSI Mortgage Corporation is hard money lender based in Scottsale, AZ. They offer loans in Arizona. They offer lending solutions for many different needs and situations, including rental property loans, commercial hard money loans, and fix-and-flip ...
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RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
Lead Funding is a private money lender offering funding in Arizona, Colorado, Texas, and Washington. They offer lending solutions for many different scenarios, including private refinancing, fix-and-flip hard money loans, and hard money construction loans. They provide rates starting at ...
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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.
Headquartered in Scottsdale, AZ, Kenwood Mortgage Investments is a private money lender providing loans throughout Arizona. They provide investment property loans, ground up construction loans, private commercial loans, and fix-and-flip loans. They issue loan amounts ranging ...
Headquartered in Scottsdale, AZ, Gencor Commercial Capital is a hard money lender offering funding throughout Arizona and Florida. They provide lending solutions for a variety of needs and situations, including fix-and-flip hard money loans, commercial hard money loans, ...
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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. ...
Barrett Financial Group is private money lender based in Phoenix, AZ. They provide funding in Arizona. They provide fix-and-flip hard money loans, commercial loans, loans for investments properties, and ground-up construction loans. They offer ...
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