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A total of 27 records for private money lenders were found in Benton, AR. The mean loan amount is $284,250. Interest rates for hard money loans average about 11.2%. 18 months is the mean length for loans issued in the city. The average note includes a 4.0 percent origination charge. The average LTV offered for loans in Benton is 73%.
Alan takes a private money loan from Ocean View Lending Group in order to renovate a townhome to flip in Benton, AR. The price of the house is $370,000. The lender agrees to make a loan with a 75% loan to value (LTV) so they will loan $277,500 on the house. The terms of the loan dictate a 13% note for 12 months. They also stipulate a 4 point origination fee, that will also need to be paid upon closing.
The borrower will have to fund a total of $32,400 upon closing to pay the $92,500 down payment plus the $11,100 origination fee. After the loan closes, he will pay the lender $3,006 in monthly interest payments, or 13% times $277,500 divided by 12 months in a year. If Alan sells the property for $555,000 after 12 months, he would then earn a gross profit of $137,825 after deducting the principle of $277,500, the cash contributed at closing of $92,500, the origination fee of $11,100, and the aggregate interest payments of $36,075. This gross profit doesn't include building costs.
Desiree is a real estate investor in Benton, AR. She finds a run-down house for a remodeling project and obtains a private money loan from Frontera Finance Group with the following terms:
a) A $360,000 sales price, b) a 75% loan-to-value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 4% origination fee.
Once the renovation project is completed, if Desiree sells the project for $450,000, the final numbers would be as follows:
$450,000 sales price
- $270,000 note principle (75% LTV)
- $90,000 down payment (25% on 75% LTV)
- $10,800 origination points (4% of the $270,000 principle)
- $24,300 total interest paid (12 months x 9% interest)
-----------------------
= $54,900 total profit (does not include taxes or rehab costs)
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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 Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge 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 ...
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 ...
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 ...
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 ...
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 ...
T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...
Cherrywood Commercial is a Diamnond Bar, CA based private money lender who provides loans in 48 states throughout the United States. They provide lending solutions for many different situations, including short term bridge loans and commercial hard money loans. ...
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. ...
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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 ...
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 ...
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 ...
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 ...
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 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, ...
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 ...
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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 ...
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