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 ...
Hard Money Loans in Summerville, South Carolina
There are 50 lenders offering loans in Summerville, SC. The median note amount in the city is $313,125. Rates for loans average around 10.3%. The average loan made in the city is for 18 months. The average origination fee for loans is 3.3 points. Lenders in Summerville average a 74% loan to value on their deals.
Loan Example 1
Dena is a real estate investor in Summerville, SC. She finds an older property and wants to renovate it and re-sell it for a profit. The property costs $180,000 but she does not have the full amount so she obtains a hard money loan with Sunrise Funding . The lender agrees to make a note with a 70% loan-to-value (LTV) so they are willing to loan $126,000 on the property. The interest rate on the note is 11% for a length of 6 months and the lender requires a five point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle will be paid back after the sale of the property.
Accordingly, the borrower will be required to make a $54,000 down payment in addition to paying a $6,300 origination fee. Once the loan closes, she will have to pay Sunrise Funding $1,155 in monthly interest fees, or 11% multiplied by $126,000 divided by 12 months in a year. If Dena sells the house for $252,000 after 6 months, she would realize a gross profit of $58,770 after deducting the principle amount of $126,000, the money paid at the close of $54,000, the origination points of $6,300, and the aggregate interest payments of $6,930. This amount does not include building costs.
Loan Example 2
Rebekah finds a duplex in Summerville, SC to renovate and re-sell. Since she does not have enough cash to buy the property outright, she takes a hard money loan from Red City Funding Company with the following parameters:
a) A $300,000 purchase price, b) a 55% loan to value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 2% origination fee.
Rebekah intends to sell the property at the end of the term for $360,000. If she achieves this goal, the deal numbers will be the following:
$360,000 sales price
- $165,000 note principle (55% LTV)
- $135,000 cash paid at closing (45% on 55% LTV)
- $3,300 origination fee (2% of the $165,000 principle amount)
- $22,275 interest payments (18 months x 9% interest)
-----------------------
= $34,425 gross profit (doesn't include taxes or renovation costs)
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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 ...
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 ...
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
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. ...
Carolina Hard Money is private money lender headquartered in Lake Wylie, SC. They offer loans in North Carolina and South Carolina. They provide lending solutions for a variety of needs and situations, including cash out hard money ...
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. ...
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 ...
Capital Funding Hard Money is an asset-based lender in Houston, TX offering funding throughout the US. They provide loans for many different situations and needs, including hard money refinancing, bridge loans, and hard money loans for commercial properties. ...
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 ...
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 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 ...
Render Capital Group is a Hobart, IN based hard money lender. They offer loans in 15 states across the country. They offer loans for a variety of scenarios, including commercial hard money loans, hard money bridge loans, ...
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 ...
Silver Hill Funding is private lender based in Coral Gables, FL. They provide funding in 39 states throughout the United States. Their lending focus is primarily on commercial loans. They provide rates ranging between 6% ...
Straightline Funding is an Atlanta, GA based private lender. They provide loans throughout Alabama, Georgia, Illinois, North Carolina, and South Carolina. They provide bridge loans, loans for investments properties, new construction loans, cash out loans, fix and ...
ReCasa Financial Group is a Columbus, OH based private money lender providing funding in 9 states across the US. They provide lending solutions for many different needs and situations, including hard money bridge loans, private commercial loans, refinancing, ...
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...
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 ...
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 ...
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 ...
Normandy is a Rochester, NY based private money lender. They provide funding in 39 states throughout the country. They provide ground-up construction loans, long term rental property loans, cash out hard money loans, fix and flip hard money ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 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. ...
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 ...
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. ...
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 ...
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money 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% ...
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
WSC Synergy Investments is a Los Angeles, CA based private lender. They offer loans in 20 states across the country. Their lending focus is mainly on fix and flip loans. They issue loans with a maximum ...
Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...
Leverage Lending Group is an asset-based lender headquartered in Charlotte, NC providing funding in 10 states throughout the US. They provide fix-and-flip loans and rental property loans. They issue loans with a maximum LTV of 75% and ...
Aero Capital Finance is a Kissimmee, FL based private lender. They provide loans in 18 states throughout the United States. They offer loans for a variety of scenarios, including private refinancing, fix and flip loans, hard money loans ...
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 ...
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 ...
Resolve Funding is a Boulder, CO based private lender who provides funding in 18 states across the US. They offer hard money bridge loans, fix-and-flip hard money loans, cash out loans, and commercial loans. Their lending guidelines ...
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 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, ...
Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...
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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