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 ...
Hard Money Loans in Belen, New Mexico
Belen, NM has 43 private money lenders offering loans in the city. The average note amount in this city is $285,715. Interest rates on hard money loans made to Belen investors average 10.8%. 17 months is the average term for loans made in the city. The average hard money loan offered in this city carries a 3.2 percent origination cost. Lenders in Belen average a 76% loan-to-value (LTV) on their loans.
Loan Example 1
Dina closes on a $340,000 rehab project in the Rio Communities neighborhood of Belen, NM, using a private money loan from Top Dog Lending Group . The borrower will be required to contribute 40% of the sales price in cash to the closing based on a 60% loan-to-value stipulated by the lender. This makes the principle amount from Top Dog Lending Group $204,000. The deal also consists of the following features: 1) a 6 month length, 2) a 14% interest only note, and 3) a three percent origination charge.
Dina will need to contribute $136,000 to the closing (40% on the 60% LTV), plus she will need to pay the $6,120 origination fee. she will then pay $2,380 per month to Top Dog Lending Group . Dina 's intention is to complete the house by the end of the 6 months and resell it for $476,000. If she succeeds she will collect a gross profit of $115,600 ($476,000 sales price - $204,000 principle - $136,000 cash paid at closing - $6,120 origination fee - $14,280 in total interest payments.
Loan Example 2
Nettie is a real estate investor in the Rio Communities area of Belen, NM. She finds a run-down townhouse for a renovation project and takes a private money loan from Axis Funding Company with the following features:
$300,000 purchase price
70% loan to value (LTV)
18 month term
11% rate of interest
2% origination fee
Based on a $435,000 sales price at the end of the 18 month term, the final numbers for this project would look like this:
$435,000 sales price
- $210,000 note principle (70% LTV)
- $90,000 cash paid at closing (30% on 70% LTV)
- $4,200 origination points (2% of the $210,000 principle)
- $34,650 total interest paid (18 months x 11% interest)
-----------------------
= $96,150 total profit (does not include taxes or rehab costs)
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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. ...
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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 ...
Omega Funding is a hard money lender headquartered in Denver, CO providing funding in 8 states throughout the US. They provide hard money loans for commercial properties, short term loans, and refinancing. They provide terms between ...
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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 ...
Broadmark Capital is private lender based in Seattle, WA. They provide funding in Arizona, Colorado, New Mexico, Nevada, Utah, and California. Their lending focus is mainly on commercial loans. They offer rates starting at ...
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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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 ...
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 ...
US Best Capital Partners LLC is a private lender headquartered in Oakdale, PA offering funding in 41 states across the country. Their focus is primarily on hard money loans for commercial properties. Their lending parameters are versatile, including ...
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 ...
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 ...
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 ...
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 ...
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