Washington DC Fix and Flip Loans
There are 50 fix-and-flip lenders serving Washington DC. The average note issued is around $302,678. Rates on hard money loans issued to Washington DC investors average 11.2%. 24 months is the average term for loans issued in the state. The average origination fee added to loans is 3.6%. 74% is the average LTV offered for offered by lenders in Washington DC.
Loan Example 1
Mindy finds a townhome in Washington DC, DC to rehab and resell. Since she doesn't have enough cash to purchase the $400,000 project outright, she takes out a fix and flip loan from West Side Finance . The borrower will be required to contribute 35% of the purchase price in cash to the closing based on a 65% loan to value set by the lender. This makes the principle note from West Side Finance $260,000. The terms of the deal dictate a 14% note for 12 months. They also require a 4 point origination fee, which will also have to be paid when the property closes.
Mindy will need to bring $140,000 to closing (35% on the 65% LTV), plus she will pay the $10,400 origination fee. The monthly interest only payments will then be $3,033 to the lender. If Mindy sells the renovated project for $560,000 at the end of the 12 month term, her gross profit (not accounting for remodeling expenses) would be $113,200. This is computed by taking the sales price ($560,000) and subtracting the original principle ($260,000), the origination cost ($10,400), the funds she brought to closing ($140,000), and the total interest expenses ($36,400).
Loan Example 2
Erin finds a house in Washington DC, DC to rehab and resell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Axis Finance Corporation with the following parameters:
a) A $300,000 purchase price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 11% interest rate, and e) a 3% origination fee.
If Erin accomplishes her goal of a $435,000 sales price, the numbers of the project would be as follows:
$435,000 sales price
- $195,000 note principle (65% LTV)
- $105,000 cash paid at closing (35% on 65% LTV)
- $5,850 origination points (3% of the $195,000 principle)
- $32,175 total interest paid (18 months x 11% interest)
-----------------------
= $96,975 gross profit (does not include taxes or rehab costs)
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 ...
Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash ...
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, ...
Great Jones Capital is hard money lender headquartered in Washington DC. They provide loans throughout Washington DC, Maryland, and Virginia. They offer loans for a variety of scenarios, including fix and flip hard money loans, private ...
Based in Falls Church, VA, Washington Capital Partners is a private lender providing loans in Washington DC, Maryland, and Virginia. They offer lending solutions for a variety of situations, including fix and flip loans, hard money construction loans, ...
Headquartered in Columbia, MD, Hard Money Bankers is an asset-based lender offering loans in Maryland, Virginia, Washington DC, Pennsylvania, and New Jersey. They offer lending solutions for many different needs and situations, including private refinancing, commercial loans, fix ...
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 ...
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 ...
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 ...
Fulford Lending is a hard money lender offering loans throughout Washington DC, Maryland, and Virginia. They provide private business loans, bridge funding, fix and flip loans, etc. They provide rates from 10% and terms between 3 ...
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 ...
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
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 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 ...
Commercial Lending LLC is a private money lender in Clifton, VA offering loans throughout Washington DC, Maryland, and Virginia. They provide loans for many different situations, including ground-up construction loans and fix and flip hard money loans. ...
Adler Private Lending is a hard money lender based in Fairfax, VA offering loans throughout Washington DC, Maryland, and Virginia. They provide loans for many different scenarios, including bridge loans, cash out hard money loans, private commercial loans, ...
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 ...
Based in Boulder, CO, Aloha Capital is an asset-based lender offering funding in Washington DC, Maryland, Virginia, and Colorado. They offer loans for many different needs and situations, including long term rental property loans, hard money bridge loans, ...
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 ...
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 ...
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 ...
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 ...
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. ...
Headquartered in Alexandria, VA, Watershed Renovation Capital is a hard money lender providing funding throughout Washington DC, Maryland, and Virginia. Their lending focus is mainly on fix and flip hard money loans. They offer rates ranging ...
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 ...
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 ...
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 ...
Full Scope Capital is a Glen Burnie, MD based private lender. They offer loans throughout Maryland, Washington DC, Pennsylvania, Virginia, Delaware, New Jersey, and Florida. They offer loans for many different needs and situations, including cash out ...
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 ...
New Funding Resources is a Gaithersburg, MD based private money lender providing funding in Washington DC, Maryland, and Virginia. They provide fix and flip hard money loans, short term loans, private commercial loans, and cash out loans. ...
Turning Point Capital is a private money lender headquartered in Downers Grove, IL offering loans in Chicago. They provide rental property loans, bridge loans, short term fix and flip loans, refinancing, and commercial hard money loans. They ...
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 Rockville Centre, NY, Fortitude Funding is a hard money lender providing loans in Maryland and Washington DC. They offer loans for many different needs and situations, including hard money construction loans, commercial hard money loans, and ...
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% ...
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 ...
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 ...
Headquartered in New York, NY, Sky Equity is an asset-based lender providing funding in New York, New Jersey, Connecticut, Pennsylvania, Washington DC, Virginia, and Florida. They offer bridge loans, fix-and-flip loans, and loans for investments properties. ...
Trius Lending Partners is a hard money lender in Baltimore, MD providing funding in Maryland, Pennsylvania, Delaware, Washington DC, and Virginia. They provide loans for many different situations and needs, including commercial loans, short term bridge loans, fix ...
Evergreen Private Finance is a Washington DC based private lender. They provide loans in Washington DC, Maryland, and Virginia. They offer investment property loans, hard money bridge loans, and fix-and-flip hard money loans. They issue ...
GROUNDFLOOR is hard money lender based in Atlanta, GA. They provide funding in 9 states throughout the US. Their focus is mainly on fix-and-flip loans. Their loan parameters are flexible, including rates starting at 5.5% ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
Center Street Lending is a private lender headquartered in Irvine, CA offering loans in 11 states throughout the country. They provide hard money loans for commercial properties, long term rental property loans, and fix-and-flip hard money loans. ...
Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Virginia, Maryland, Washington, DC, Delaware, North Carolina, South Carolina, and Pennsylvania. They require minimal upfront capital from their borrowers and ...
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Ary Ming Asset Funding is a Newark, NJ based private lender. They provide funding in Philadelphia, Scranton, and Allentown. They offer construction loans, bridge loans, long term rental property loans, and fix and flip hard money ...
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 ...
Gala Resources is private lender headquartered in New York, NY. They offer funding in 8 states throughout the country. They offer private refinancing, rental property loans, fix-and-flip hard money loans, bridge loans, hard money loans for commercial ...
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