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Sebring, FL has 50 hard money lenders serving the city. The mean amount loaned in this city is $290,625. Rates on loans issued to Sebring borrowers average around 11.1%. The typical note issued in this city is 39 months in length. The mean origination percentage added to loans is 3.1%. Lenders typically offer a 71% LTV on deals in Sebring.
Latonya closes on a $190,000 renovation project in Sebring, FL, using a hard money loan from Dynamic Funding Company . The loan-to-value (LTV) on the deal is 75%. This means that Latonya will need to bring 25% of the purchase price to the closing and the principle will be $142,500 on the deal. The loan is interest-only, with monthly payments, and is for 6 months at 11% interest with 5 origination points paid at closing.
In addition to paying the $7,125 origination fee, Latonya will also have to fund $47,500 of the purchase with her own funds, or 25% of the purchase price. she will then pay $1,306 monthly to Dynamic Funding Company . If Latonya sells the property for $266,000 after 6 months, she would then make a gross profit of $61,038 after subtracting the original principle of $142,500, the cash contributed at closing of $47,500, the origination points of $7,125, and the total interest payments of $7,838. This gross profit doesn't account for rehab costs.
Edward takes a loan from GJ Finance Group in order to renovate a townhome to resell in Sebring, FL. The loan has the following parameters:
$360,000 purchase price
80% loan-to-value (LTV)
18 month term
12% interest rate
4% origination fee
Assuming a $540,000 sales price after the 18 month term, the final numbers for this deal would look like this:
$540,000 sales price
- $288,000 loan principle (80% LTV)
- $72,000 cash paid at closing (20% on 80% LTV)
- $11,520 origination points (4% of the $288,000 principle amount)
- $51,840 interest payments (18 months x 12% interest)
-----------------------
= $116,640 gross profit (does not include taxes or renovation costs)
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Coral Springs, FL
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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 ...
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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 ...
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Ocean Capital Lending is a Delray Beach, FL based private money lender who offers loans throughout Florida. Their focus is mainly on commercial loans. They will make loans on various types of properties, including ...
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, ...
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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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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 ...
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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 ...
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 ...
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, ...
Nork Capital Trading is private money lender based in Miami, FL. They offer loans throughout Florida. They offer hard money loans for commercial properties, cash out hard money loans, fix and flip hard money loans, buy and ...
Global Bridge Holdings is a private money lender in Tampa, FL offering funding throughout Florida. They offer hard money loans for commercial properties and fix and flip hard money loans. They provide terms between 1 year and ...
Based in Atlanta, GA, Hallmark Funding is a hard money lender providing funding throughout Alabama, Georgia, Florida, Minnesota, South Carolina, Tennessee, and Wisconsin. Their focus is mainly on fix-and-flip loans. Their lending guidelines include a ...
Summit Capital is private money lender headquartered in Fairfield, NJ. They offer funding in New Jersey, Connecticut, New York, Pennsylvania, Delaware, and Florida. They provide hard money bridge loans, commercial loans, and fix-and-flip hard money ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
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 ...
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. ...
Hanson Capital Group is a Phoenix, AZ based private lender who provides funding in Arizona, California, Texas, Florida, and Washington. They offer loans for many different needs and situations, including loans for rental properties, fix and flip 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 ...
Hurst Lending is hard money lender based in Dallas, TX. They offer funding throughout Colorado, Florida, Georgia, and Texas. They offer short term loans, loans for investments properties, commercial loans, and short term fix and ...
Grover Capital Finance is a Coconut Grove, FL based hard money lender. They offer funding throughout Florida. They provide loans for rental properties and fix and flip hard money loans. They primarily provide ...
Based in Miami, FL, Evergreen Funding is a private lender providing funding throughout Florida. Their lending focus is primarily on private commercial loans. They issue loan amounts starting from $25,000 with a maximum LTV of 60%. ...
C2 Financial Corporation is a Carmel, CA based private lender. They offer loans in 9 states throughout the US. They offer hard money loans for commercial properties, investment property loans, and fix and flip loans. Their ...
Based in Lake Worth, FL, Preston Ware is an asset-based lender providing funding in Florida. Their lending focus is primarily on short term fix and flip loans. Their lending parameters are flexible, including terms between 3 months ...
CMG Capital is private money lender headquartered in Miami, FL. They offer funding in Florida. Their focus is mainly on private commercial loans. They offer loan amounts ranging from $4,000,000 to $10,000,000. ...
Based in Port St. Lucie, FL, Mortgage Masters Group is a private lender providing funding throughout Florida. They provide cash out hard money loans, rental property loans, and short term fix and flip loans. They offer ...
Taylor Made Lending is private lender headquartered in Oakland Park, FL. They provide loans throughout Florida. They offer short term fix and flip loans and hard money loans for commercial properties. Their loan parameters are versatile, ...
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 8 states throughout the country. They provide commercial loans, hard money construction loans, and fix-and-flip loans. Their loan guidelines are flexible, including ...
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