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There are 50 hard money lenders offering loans in Boise, ID. The mean amount for loans is $432,917. The mean rate for loans in Boise is 11.3%. The median term for loans is 20 months. The average origination fee applied to the loans is 3.3%. Lenders offer on average a 74% loan to value on hard money loans in Boise.
Della is a house flipper in Boise, ID. She discovers an run-down property for sale in the East End neighborhood and decides to remodel it and resell it for a profit. The house has a cost of $150,000 but she does not have the full amount so she obtains a private money loan with West Side Investments . The loan to value (LTV) on the deal is 75%. This means that Della will need to bring 25% of the sales price to the closing and the principle will be $112,500 on the loan. The deal also includes the following features: 1) a 12 month length, 2) a 14% interest only note, and 3) a two point origination fee.
Accordingly, Della will be required to contribute a $37,500 down payment in addition to paying a $2,250 origination fee. The lender will collect $1,313 in monthly interest payments from the borrower. This is computed by taking the total loan amount of $112,500, multiplying by the 14% interest rate, and then dividing that number by 12. Della 's intention is to complete the rehab by the end of the 12 months and resell it for $180,000. If she succeeds she will make a profit of $12,000 ($180,000 price - $112,500 principle - $37,500 cash paid at closing - $2,250 origination fee - $15,750 in interest.
Joy takes out a private money loan from Riverside Funding Company in order to remodel a townhome to flip in the Southeast Boise neighborhood of Boise, ID. The loan has the following terms:
a) A $290,000 purchase price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 2% origination fee.
After the rehab project is completed, if Joy sells the project for $406,000, the final numbers would be the following:
$406,000 sales price
- $145,000 principle (50% LTV)
- $145,000 down payment (50% on 50% LTV)
- $2,900 origination points (2% of the $145,000 principle amount)
- $7,975 total interest paid (6 months x 11% interest)
-----------------------
= $105,125 total profit (does not include taxes or rehab costs)
Headquartered in Boise, ID, Alpha Lending is a hard money lender offering funding in Boise, Twin Falls, and Nampa. They offer private refinancing, fix-and-flip hard money loans, hard money loans for commercial properties, hard money bridge loans, ...
The Legacy Group is a Colorado Springs, CO based private lender who offers loans in 8 states throughout the United States. Their lending focus is primarily on commercial hard money loans. They make loans ...
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 ...
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 ...
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial loans. They issue loan amounts starting at $2,000,000. They do not ...
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 ...
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. ...
Headquartered in San Rafael, CA, Equity Coalition is a private lender offering loans throughout the US. They offer cash out hard money loans and commercial loans. They provide loan amounts ranging from $500,000 to $20,000,000, rates ...
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 ...
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 ...
Rainmaker Lending Capital is private money lender based in Boise, ID. They provide loans throughout Boise. Their focus is mainly on private commercial loans. They make loans on many property types, including ...
Headquartered in Seattle, WA, Mortgage Equities Inc is an asset-based lender offering loans throughout Washington, Oregon, and Idaho. They provide loans for many different needs and situations, including ground up construction loans, bridge loans, and commercial hard ...
Private Capital Northwest is hard money lender based in Lynwood, WA. They provide funding throughout Washington, Oregon, and Idaho. They provide short term bridge loans, hard money loans for commercial properties, builder loans, and short ...
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 ...
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 ...
Westar Funding is private lender headquartered in Mukilteo, WA. They offer loans in Washington, Oregon, and Idaho. They provide commercial loans, short term loans, hard money construction loans, and fix-and-flip loans. They offer ...
Capital Resources 4U is a Nampa, ID based private money lender providing funding throughout Idaho. They provide fix-and-flip loans and rental property loans. They will consider varying loan scenarios but generally focus on single ...
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. ...
Inland Capital is a Spokane, WA based hard money lender. They provide funding throughout Washington, Idaho, and Oregon. They offer short term fix and flip loans, hard money refinancing, private commercial loans, hard money construction loans, ...
LandLoan.com is an asset-based lender in Indianapolis, IN offering funding in 14 states throughout the US. Their focus is mainly on commercial loans. They issue terms between 6 months and 3 years, rates ranging between 8% ...
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 ...
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 ...
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 ...
Hopkins Financial Services is private lender based in Meridian, ID. They provide loans in Idaho. They provide loans for many different situations, including fix and flip loans and long term rental property loans. They provide ...
Mountain Pacific Financial is a Fresno, CA based private money lender who offers funding in 10 states across the US. Their lending focus is mainly on private commercial loans. Their lending guidelines are versatile, including terms between ...
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 ...
Based in Seattle, WA, Pyatt Broadmark Management is a hard money lender offering loans throughout Washington, Oregon, and Idaho. They provide fix and flip hard money loans, buy and hold loans, hard money loans for commercial properties, ...
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
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, ...
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 ...
Alternative Financial Services is a Spokane, WA based private lender providing funding throughout Washington, Idaho, Wyoming, and Arizona. They offer loans for many different situations, including fix-and-flip loans, short term bridge loans, construction loans, and private commercial ...
Legacy Group Capital is private money lender headquartered in Bellevue, WA. They offer funding in Washington, Idaho, Arizona, and Oregon. They provide loans for a variety of scenarios, including commercial hard money loans, short term fix ...
Blue Matrix Holdings LLC is a Lakewood, WA based private lender who offers loans throughout Washington and Idaho. They offer loans for many different scenarios, including long term rental property loans, short term loans, short term fix and flip ...
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. ...
Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial ...
Eastside Funding is a Kirkland, WA based private money lender. They offer loans throughout Washington, Oregon, and Idaho. They offer lending solutions for a variety of situations, including commercial loans, short term loans, fix-and-flip hard money loans, ...
Veristone Mortgage is private lender headquartered in Meridian, ID. They offer loans throughout Oregon, Washington, and Idaho. They provide loans for a variety of scenarios, including short term fix and flip loans, construction loans, hard money ...
Based in Seattle, WA, WADOT Capital is a hard money lender offering loans in Washington, Oregon, and Idaho. They offer lending solutions for a variety of situations and needs, including hard money construction loans, fix and flip hard ...
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 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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...
Exile Capital is a hard money lender based in Boise, ID providing funding in Idaho. They offer commercial loans, bridge loans, and construction loans. Their lending parameters are versatile, including terms between 1 month and 1 ...
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