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 ...
Investment Property Loans in Minot, North Dakota
Minot, ND has 15 investment property private money lenders offering loans within the city. In this city, the average note amount is $393,056. Interest rates for hard money loans average about 10.7%. The mean note issued in the city has a term of 79 months. The mean loan includes a 3.3 point origination charge. The median LTV offered for loans in Minot is 74%.
Loan Example 1
Brandon is an investor in Minot, ND. He finds a rental property to purchase for $260,000 but he does not have enough cash so he obtains a private money loan from Rising Sun Funding Group . Since there is a 55% loan-to-value (LTV) agreed to by the two parties, Brandon will have to pay the other 45% in cash. By the terms of the deal, the note will be for 2 years at a 11% rate of interest. A 3% origination fee will have to be paid when the deal closes and Brandon will have to make interest only payments with a balloon payment of the principle amount due at the end of the deal. Brandon will need to fund $117,000 of his own money upon the close of the loan (due to the 55% LTV) in addition to the $4,290 in origination fees (3% x the $143,000 loan principle), and he will then begin paying $1,311 per month once the loan is closed.
Loan Example 2
Patsy wants to acquire an investment property in Minot, ND which costs $300,000. Because she doesn't have enough cash for the transaction and is not able to get a bank loan, she gets a private money loan from Number One Finance Company . The lender decides to loan Patsy 70% of the list price of the property (LTV), so she will need to put down the remaining 30%. The additional parameters of the deal are as follows: 1) a 1 year, interest-only loan, 2) a 8% interest rate, and 3) 3 origination points charged at closing. Given this scenario, Patsy will need to make the following payments: 1) $90,000 down when the loan closes (based on the 70% LTV), 2) $6,300 in origination fees (3% x the $210,000 loan principle), and 3) $1,400 monthly in interest payments.
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. ...
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 ...
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 ...
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. ...
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 ...
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 ...
Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country. They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans. Their loan guidelines ...
PeerStreet is a private real estate lending platform based in El Segundo, California. They do not typically make loans directly to investors, but rather they source loans from local investors and offer a secondary market for funding these loans. ...
Colony American Finance is a private money lender in Los Angeles, CA providing funding all across the country. They provide loans for a variety of needs and situations, including loans for rental properties and refinancing. Their lending parameters ...
Based in Irvine, CA, 5 Arch Funding is a hard money lender providing loans across the United States. They provide loans for a variety of situations and needs, including loans for investments properties, fix-and-flip loans, and commercial loans. ...
360 CB Capital Funding is a White Plains, NY based hard money lender. They provide funding all across the US. They provide ground up construction loans, short term loans, long term rental property loans, cash out loans, fix ...
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