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 Easton, Pennsylvania
Easton, PA has 50 lenders serving the city. Note amounts average about $289,286. Rates for loans average around 11.8%. The typical term offered for notes is 17 months. A typical loan made in this city includes a 4.7 percent origination cost. The average loan-to-value (LTV) offered for loans in Easton is 70%.
Loan Example 1
Brian is a real estate investor in Easton, PA. He discovers an older property for sale and wants to rehab it and sell it for a profit. The property costs $160,000 but he doesn't have the full amount so he takes a private money loan with Boom Investment Company . The borrower will be required to fund 45% of the sales price in cash to closing based on a 55% loan-to-value set by the lender. This makes the loan principle from Boom Investment Company $88,000. The loan also has these features: 1) a 18 month length, 2) a 11% interest only note, and 3) a three point origination charge.
According to the terms of the note, Brian will be required to pay a $2,640 origination fee plus 45% of the sales price, or $72,000, based on the 55% LTV. Once the loan closes, he will need to pay Boom Investment Company $807 in monthly interest payments, or 11% times $88,000 divided by 12 months in a year. At the expiration of the loan, he sells the rehabed property for $208,000. After subtracting the $14,520 in interest payments ($807 times 18 months), the $2,640 origination fee, the $88,000 principle on the loan, and the $72,000 he brought to closing, he will make a gross profit of $30,840 ($208,000 price minus $177,160 in costs). This profit would then be reduced by any building costs paid out of pocket.
Loan Example 2
Matthew locates a duplex in Easton, PA to rehab and resell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from Boom Investment Group with the following parameters:
$250,000 sales price
60% loan to value (LTV)
6 month term
10% rate of interest
4% origination fee
Assuming a $375,000 sales price after the 6 month term, the numbers for the project would look like the following:
$375,000 sales price
- $150,000 principle (60% LTV)
- $100,000 down payment (40% on 60% LTV)
- $6,000 origination points (4% of the $150,000 principle amount)
- $7,500 interest payments (6 months x 10% interest)
-----------------------
= $111,500 gross profit (does not include taxes or rehab costs)
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Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
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 ...
First Equity Funding is hard money lender based in Sea Grit, NJ. They provide loans throughout New Jersey, New York, and Pennsylvania. They offer construction loans and fix-and-flip hard money loans. Their lending guidelines are ...
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 ...
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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. ...
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. ...
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. ...
Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States. They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...
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 ...
Conquest Funding, Inc is an Allentown, PA based private money lender. They provide funding throughout Philadelphia, Scranton, Allentown, and Harrisburg. They provide loans for many different scenarios, including hard money bridge loans, fix and flip hard money ...
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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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Residential Capital Partners is hard money lender based in Dallas, TX. They offer funding in North Carolina, South Carolina, New Jersey, New York, Connecticut, Pennsylvania, and Texas. They offer lending solutions for many different needs and ...
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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Rehab Financial Group is hard money lender based in Rosemont, PA. They offer loans in 15 states across the US. They offer lending solutions for a variety of scenarios, including fix and flip loans, short term 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 ...
Asset Based Lending LLC is a Hoboken, NJ based hard money lender who offers funding in 9 states across the US. They offer loans for a variety of scenarios, including new construction loans, hard money refinancing, loans for investments ...
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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1st Choice Lending
Scottsdale, AZ 85260
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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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 ...
Fairway Finance is a private money lender based in Luzerne, PA providing loans throughout Pennsylvania. They offer lending solutions for a variety of situations, including private commercial loans, short term fix and flip loans, and investment property loans. ...
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ARC Capital is a Santa Rosa, CA based private lender providing funding in 17 states throughout the country. They offer long term rental property loans, bridge loans, hard money loans for commercial properties, and short term fix and ...
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