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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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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 ...
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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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Based in Hollywood, FL, Transactional Funding is a hard money lender offering loans in Florida and Georgia. Their focus is mainly on short term fix and flip loans. They primarily offer loans for single ...
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 ...
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 ...
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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 ...
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 ...
Raymond C Green Companies is a private money lender based in Boston, MA providing funding throughout Massachusetts, New Hampshire, Rhode Island, Maine, Connecticut, and Florida. They provide loans for a variety of situations and needs, including construction loans, ...
Headquartered in Scottsdale, AZ, Gencor Commercial Capital is a hard money lender offering funding throughout Arizona and Florida. They provide lending solutions for a variety of needs and situations, including fix-and-flip hard money loans, commercial hard money loans, ...
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, ...
Associates Home Loan of Florida is an asset-based lender based in Tampa, FL providing funding in Florida. Their focus is primarily on fix and flip hard money loans. They will consider varying loan requests ...
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, ...
International Mortgage Capital is a Miami Beach, FL based private lender. They provide funding in Florida. They provide lending solutions for a variety of situations, including fix and flip hard money loans, private refinancing, and loans for ...
BinaNat Capital is an asset-based lender in Ponte Vedra Beach, FL providing loans in Georgia and Florida. They offer loans for a variety of situations and needs, including fix and flip hard money loans and hard money loans for ...
Based in Tampa, FL, Aegis RE Partners is a private lender providing loans throughout California and Florida. They offer loans for many different situations, including short term fix and flip loans and builder loans. They provide rates ...
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 ...
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, ...
GCap Financing is a Gardendale, FL based private money lender providing loans throughout Alabama and Florida. Their lending focus is primarily on private commercial loans. They issue loan amounts ranging from $50,000 to $9,000,000 with a maximum ...
AHL Private Money is a private money lender based in Tampa, FL providing loans in Florida. They offer lending solutions for many different situations and needs, including fix-and-flip loans, private commercial loans, investment property loans, hard money refinancing, ...
Citrus Lending is a Crystal River, FL based private money lender who offers funding throughout Florida. They offer loans for a variety of scenarios, including fix-and-flip hard money loans and rental property loans. They ...
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 ...
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 ...
New Wave Loans is an asset-based lender based in Aventura, FL providing funding throughout New York, Arizona, Illinois, and Florida. They provide lending solutions for a variety of situations, including buy and hold loans, commercial loans, ground up ...
Based in Fort Lauderdale, FL, A to Z Capital is a private money lender providing funding throughout Florida. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, fix-and-flip loans, short term ...
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