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Riverside, CA has 50 lenders operating within the city. Loan amounts average approximately $321,396. Interest rates on hard money loans made to Riverside investors average about 9.2%. 18 months is the median length for notes issued in the city. A typical hard money loan offered in this city carries a 3.3 point origination charge. Lenders offer on average a 75% loan to value (LTV) on loans in Riverside.
Benita finds a house in the Downtown area of Riverside, CA to rehab and re-sell. Since she doesn't have enough cash available to purchase the $160,000 project outright, she takes out a hard money loan from South End Finance Corporation . The loan-to-value (LTV) on the note is 80%. This means Benita will have to bring 20% of the sales price to closing and the principle will be $128,000 on the loan. The terms of the loan dictate a 13% note for 6 months. They also require a 4 point origination fee, that will also have to be paid upon closing.
Benita must fund a total of $32,400 up front to pay the $32,000 down payment plus the $5,120 origination fee. South End Finance Corporation will collect $1,387 in monthly interest payments from the Benita . This is computed by taking the full note amount of $128,000, multiplying by the 13% rate of interest, and then dividing that amount by 12. Benita 's intention is to finish the remodel within the 6 months and re-sell it for $192,000. If she succeeds she will make a profit of $18,560 ($192,000 sales price - $128,000 principle - $32,000 cash at closing - $5,120 origination points - $8,320 in total interest.
Armando takes a private money loan from Deep Lake Lending Company in order to remodel a house to flip in the Arlington neighborhood of Riverside, CA. The loan has the following parameters:
$280,000 purchase price
55% loan to value (LTV)
18 month term
14% interest rate
3% origination fee
If Armando succeeds in his goal of a $420,000 sales price, the outcome of the project will be as follows:
$420,000 sales price
- $154,000 principle on note (55% LTV)
- $126,000 down payment (45% on 55% LTV)
- $4,620 origination fee (3% of the $154,000 principle amount)
- $32,340 total interest paid (18 months x 14% interest)
-----------------------
= $103,040 gross profit (doesn't include taxes or rehab costs)
Sequoian Investments is a San Diego, CA based private money lender who provides funding across the following locations: Anaheim, Bakersfield, Fresno, Irvine, Long Beach, Los Angeles, Oakland, Palm Springs, Riverside, Sacramento, San Bernardino, San Jose, Santa Ana, Santa Barbara, ...
Based in Upland, CA, Allied Equity is an asset-based lender providing loans throughout San Bernardino. Their lending focus is primarily on fix-and-flip hard money loans. The focus of their lending is on single family ...
Hanover MC is hard money lender headquartered in Tustin, CA. They offer loans throughout Southern California. They provide loans for rental properties and fix-and-flip hard money loans. Their loan parameters are flexible, including loan amounts ...
The Norris Group is private money lender headquartered in Riverside, CA. They provide funding in Los Angeles County, Orange County, San Diego County, Riverside County, San Bernardino County, and Kern County. They offer lending solutions for ...
Happy Investments Inc is hard money lender based in Corona, CA. They offer loans throughout San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, and Ventura County. They provide fix ...
Nationwide Mortgage is a hard money lender in Mission Viejo, CA offering loans in 17 states throughout the country. They provide lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip hard ...
Based in Corona Del Mar, CA, Premier Money Source is a hard money lender providing loans throughout California. They offer fix and flip loans and rental property loans. They offer rates ranging between 8.99% and 10.75%, ...
Mortgage Vintage is a Newport Beach, CA based private money lender offering loans in California. They offer loans for many different scenarios, including commercial hard money loans, hard money bridge loans, cash out hard money loans, ground-up construction loans, ...
Based in Santa Rosa, CA, Sun Pacific Mortgage & Real Estate is an asset-based lender offering loans in California. They offer loans for a variety of needs and situations, including fix-and-flip hard money loans, hard money bridge loans, hard ...
Headquartered in Sherman Oaks, CA, California Hard Money Direct is a private money lender providing funding throughout California. They provide loans for many different situations, including fix-and-flip loans, long term rental property loans, short term bridge loans, commercial loans, ...
Karpe Real Estate Center is a Bakersfield, CA based private money lender. They offer loans in California. They offer construction loans, loans for rental properties, short term fix and flip loans, and commercial loans. They offer ...
LendingHome Corporation is a San Francisco, CA based private money lender providing loans in 25 states throughout the United States. They provide buy and hold loans, short term loans, and fix and flip loans. They issue ...
Marquee Funding Group is private money lender headquartered in Calabasas, CA. They provide loans throughout California. They provide lending solutions for many different scenarios, including fix and flip loans, refinancing, commercial hard money loans, long term rental ...
FK Capital Fund is a San Clemente, CA based private money lender offering funding in California. They provide lending solutions for many different scenarios, including bridge loans, commercial hard money loans, refinancing, hard money construction loans, long term rental ...
Headquartered in North Hollywood, CA, LBC Capital is a private money lender providing funding in California, Oregon, and Washington. They offer cash out hard money loans, loans for investments properties, commercial loans, short term loans, hard money construction ...
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 ...
California Home Solutions is private money lender based in Woodland Hills, CA. They offer funding in California. They provide fix-and-flip loans, private refinancing, bridge loans, rental property loans, and private commercial loans. ...
Val Chris Investments is an Irvine, CA based private money lender who offers funding in California. They provide private refinancing, fix and flip loans, hard money bridge loans, loans for investments properties, and private commercial loans. They ...
Conventus is a San Francisco, CA based private lender. They provide funding in 10 states throughout the US. They provide fix-and-flip loans, private commercial loans, cash out hard money loans, and rental property loans. Their loan ...
Capella Mortgage is a private lender in Las Vegas, NV offering funding throughout Nevada, California, and Arizona. They offer loans for a variety of needs and situations, including rental property loans and fix-and-flip hard money loans. ...
All California Lending is private lender based in Brentwood, CA. They provide funding in California. They provide lending solutions for a variety of scenarios, including commercial hard money loans, rental property loans, fix-and-flip loans, builder loans, ...
Bolour Associates is a Beverly Hills, CA based hard money lender. They offer loans throughout Arizona, California, and Texas. They offer loans for a variety of situations and needs, including short term loans, cash out loans, private ...
Macoy Capital is private money lender based in Beverly Hills, CA. They offer loans in California. They provide hard money refinancing, short term loans, private commercial loans, loans for rental properties, construction loans, and fix-and-flip loans. ...
Trimark Funding is hard money lender headquartered in Anaheim Hills, CA. They provide funding in California. Their lending focus is mainly on fix and flip hard money loans. They do not require a minimum ...
Lantzman Lending is a San Diego, CA based hard money lender. They provide loans in Arizona, California, and Texas. They offer fix and flip hard money loans, rental property loans, hard money loans for commercial properties, refinancing, ...
City Capital Finance is a hard money lender offering funding throughout California. They provide loans for a variety of needs and situations, including cash out loans, fix-and-flip loans, short term loans, investment property loans, and hard money 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 ...
Stonecrest Financial is a San Jose, CA based private money lender offering loans in California. They offer loans for many different needs and situations, including short term fix and flip loans, commercial hard money loans, bridge loans, and ...
Headquartered in Encinitas, CA, Scottway Capital is a private lender providing funding in California. They provide hard money loans for commercial properties, buy and hold loans, and fix and flip loans. They offer loans with a ...
Agoura Hills Financial is private money lender headquartered in Agoura Hills, CA. They offer funding in California. They offer bridge loans, fix and flip loans, commercial hard money loans, and buy and hold loans. Their ...
Aegis Funding is hard money lender based in Huntington Beach, CA. They provide loans throughout California. They offer lending solutions for a variety of needs and situations, including fix and flip loans and long term rental property ...
Wilshire Quinn Capital is a San Diego, CA based private lender. They offer loans in California. They provide fix and flip hard money loans, commercial hard money loans, bridge loans, and loans for rental properties. Their ...
Aztec Financial is an asset-based lender in Burbank, CA offering loans throughout California. They provide lending solutions for a variety of situations, including hard money refinancing, loans for rental properties, builder loans, fix-and-flip loans, short term loans, and ...
Lending Xpress is a private lender in Irvine, CA providing loans throughout California. They offer construction loans, hard money loans for commercial properties, fix and flip loans, short term bridge loans, rental property loans, and private refinancing. ...
MAE Capital Mortgage is a Rocklin, CA based private lender who offers funding in California. They provide loans for a variety of situations and needs, including builder loans, cash out loans, fix and flip hard money loans, loans for ...
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 ...
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 ...
Headquartered in La Jolla, CA, La Jolla Capital Group is a private money lender providing funding throughout California. They provide lending solutions for many different situations, including bridge loans, private refinancing, and hard money loans for commercial properties. ...
House Max is an Austin, Texas-based hard money lender offering direct loans to real estate investors throughout the state of Texas.
HML Investments is hard money lender headquartered in Los Angeles, CA. They provide loans throughout California. They offer short term loans, cash out loans, long term rental property loans, hard money loans for commercial properties, and ...
North Coast Financial is a hard money lender in Oceanside, CA providing loans throughout California. They offer lending solutions for many different situations, including refinancing, commercial loans, construction loans, hard money bridge loans, buy and hold loans, and ...
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. ...
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 ...
RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
Headquartered in Los Angeles, CA, Delancey Street Lending is a private lender offering funding in California. They provide loans for many different scenarios, including fix and flip, commercial loans, short-term bridge loans, investments properties, cash-out refinancing, and new construction. ...
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 Los Angeles, CA, Loan Oak Fund is a private lender offering loans throughout California. They offer lending solutions for a variety of situations, including fix and flip hard money loans, hard money loans for commercial properties, private ...
Crawford Real Estate Services is an asset-based lender based in San Bernadino, CA offering funding throughout California. They provide new construction loans, fix and flip loans, long term rental property loans, and commercial loans. Their lending guidelines ...
Sound Equity Solutions, LLC is a Bellevue, WA based private money lender offering funding in Washington, Oregon, and California. Their lending focus is mainly on fix and flip hard money loans. They primarily ...
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...
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