Lender Link

FUNDED DEAL: RCN Capital, a national direct private lender, funded a $360,000 1st lien position long-term rental loan for the acquisition of a single-family home in Saint George, UT. We funded 80% of the $450,000 purchase price, while the Borrower contributed 20% cash to the purchase at closing. The Borrower expects a monthly rent of approximately $2,600 which results in a 1.20 DSCR (debt service coverage ratio). They had good credit and sufficient liquidity. The subject property was in excellent condition and vacant at closing. It is approximately 1,354 square feet. The interest rate was 6% and we charged 4% origination points. The loan term was set at 30 years. This DSCR rental property loan was funded in October 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/217930 Dealmaker: Bailey Jenkins, Team Loan Officer #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: RCN Capital, a national direct private lender, funded a $226,000 first-lien position fix and flip loan for a duplex in Hartford, CT. We funded 100% of the $50,000 renovation budget and 80% of the $220,000 purchase price, while the Borrower contributed 20% cash to the purchase at closing. The after-repair value was estimated at $365,000, which resulted in a 62% loan-to-value. The Borrower is expected to make a solid 32% return on their investment. This repeat experienced Borrower had excellent credit, a strong background, and sufficient liquidity (cash reserves). They plan to sell the property upon completion of the cosmetic rehab. The property is approximately 1,456 square feet. The interest rate was 10.74% and we charged 1.25% origination points. The loan term was set at 12 months. This fix and flip loan was funded in October 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/217779 Dealmaker: Jessica Scott, Team Loan Officer #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: Myers Capital Hawaii, LLC, a mortgage banking company and direct private lender, funded a $1,308,000 first-lien position equity cash-out bridge loan for a single-family home in Waianae, HI, on the west side of the island of Oahu. The loan-to-value was 80% based on an estimated property value of $1,635,000. The Borrower, an experienced real estate investor with excellent credit, plans to use the funds to purchase another investment property. They intend to exit the bridge loan by refinancing the subject property into a long-term Debt Service Coverage Ratio (DSCR) loan. The property was in good condition and is approximately 1,291 square feet. The loan carried a 12.5% interest rate with a 3-month term and included three months of guaranteed interest. This private money cash-out loan was funded in September 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/217645 Dealmaker: Reed Kawai Myers, Principal #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: @Rehab Financial Group, LP, a direct hard money lender, funded a $504,000 1st lien position purchase and rehab loan for a single-family home in Saint Johns, FL. The purchase price was $450,000 and the renovation budget was $84,502. The after-repair value was estimated at $720,000. We funded 100% of the purchase price. We normally fund 100% of the renovation costs, but in this case, the Borrower had to contribute some cash to the deal to achieve a 70% loan-to-after-repair value. The subject property was in excellent condition. It is approximately 2,680 square feet on a 27,443-square-foot lot. The Borrower had excellent credit. They plan to sell the property upon completion of the light rehab. The interest rate was 12.75%. We charged 3% origination points and the broker earned a $10,080 commission. The loan term was set at 9 months. This fix & flip loan was funded in September 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/217120 #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: Myers Capital Hawaii, LLC, a mortgage banking company and direct private lender, funded a $700,000 first-lien position equity cash-out loan secured by a 5-acre parcel of land in Kilauea, Hawaii. The loan-to-value ratio was 35%, based on an estimated property value of $2,000,000. The Borrower used the funds to pay off the seller financing originally used to acquire the land in 2019. The remaining cash-out proceeds will go toward minor property improvements, such as roadwork, grading, and utility setup, to enhance the property’s marketability for sale. The Borrower had average credit. They plan to exit the bridge loan by selling the upgraded land within 12 months of completing the improvements. The interest rate was 15%. The loan term was set at 12 months. This hard money loan was funded in September 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/216757 Dealmaker: Reed Kawai Myers, Principal #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: RCN Capital, a national direct private lender, funded a $237,250 1st lien position DSCR loan secured by a single-family home in McKees Rocks, PA. The purchase of the loan was to refinance and cash out equity. The property value was appraised at $365,000 so our loan-to-value was 65%. The Borrower had owned the property since August 2023 and completed a $70,000 rehab in August 2024, leaving the property vacant. The appraiser estimated the market rent at $3,400 per month which results in a 1.66 debt service coverage ratio. The Borrower is a foreign national. Their bank statements verified solid assets and liquidity, meeting the reserve requirement. The property is approximately 2,536 square feet and was in excellent condition. The interest rate was fixed at 7.4% with amortized payment. We charged 4% origination points. The loan term was set at 30 years. This DSCR loan was funded in September 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/216569 Dealmaker: Scott Evans, Regional Loan Operations #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: Minnow Loan, a local Missouri direct private lender, funded a $94,242 1st lien position fix and flip loan for a single-family home in Sedalia, MO. We funded 80% of the $40,000 purchase price, while the Borrower contributed 20% cash at closing. The renovation budget was $60,242 and we funded the entire amount in several draws. The after-repair value was estimated at $141,000 so our loan-to-after-repair value was 67%. We funded this deal for a Borrower who lives out of state. This project required a heavy construction budget compared to the purchase price of the property. The Borrower had good experience in rehabs and had a local contractor partner. We have been in constant contact with the Borrower, who had already been in town to check on progress. The project proceeded as expected. The subject property is approximately 1,047 square feet. The Borrower had average credit. They plan to sell the property upon completion of the heavy rehab. The interest rate was 12.5% and we charged 3% origination points. The loan term was set at 12 months. This SFR fix and flip loan was funded in June 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/213714 Dealmaker: Shelby Reed, Co-Founder #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: Rehab Financial Group, LP, a direct hard money lender, funded a $105,000 1st lien position fix and flip loan for a row home in Camden, NJ. The renovation budget was $47,795. The Borrower contributed 28.97% cash to the $75,000 purchase price. The after-repair value was estimated at $150,000 so our loan-to-after-repair value was 70%. The property is located in an urban neighborhood near various single-family homes with mixed styles and designs. It is conveniently situated close to schools, shopping, employment centers, and major roadways. Property values in the area are stable, with typical sale times ranging from 0 to 6 months. The subject property is approximately 896 square feet, set in a 1,600-square-foot lot. The Borrower had good credit. They plan to sell the property upon completion of the rehab. The interest rate was 12.75% and we charged 3% origination points. The loan term was set at 9 months. This fix and flip loan was funded in September 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/217064 #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: Myers Capital Hawaii, LLC, a mortgage banking company and direct private lender, collaborated with its affiliate Koa Mortgage Fund, a pooled mortgage debt fund, to provide a $510,250 first-lien position bridge loan for the acquisition of vacant land in Kamuela, a small town located on Hawaii Island. We funded 63.78% of the $800,000 purchase price. This residential-zoned land was acquired as a replacement property in a Reverse 1031 Exchange transaction. The Borrower utilized a non-recourse bridge loan, limiting liability to the property itself and protecting personal assets and income. The lot size is approximately 13,861 square feet (0.32 acres). The Borrower had excellent credit. They plan to exit this bridge loan by selling another lot which is owned free-and-clear. The loan carries a 13% interest rate with a 12-month term. This bridge loan was funded in September 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/216624 Dealmaker: Reed Kawai Myers, Principal #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders

FUNDED DEAL: RCN Capital, a national direct private lender, funded a $330,750 first-lien position DSCR loan secured by a single-family rental home in Columbus, OH. The property value was estimated at $441,000 (pending a Collateral Desktop Analysis), giving a loan-to-value ratio of 75%. The property was owned free-and-clear so the loan was equity cash out. The Borrower had excellent credit and sufficient liquidity to close. The property was in good condition and vacant at closing, but a tenant is expected to lease the property. The appraiser estimated the market rent at $3,100 per month. This results in a debt service coverage ratio of 1.16. The loan has a 3-year prepayment penalty. The subject property is approximately 1,236 square feet. The interest rate was 7.65% with amortized payments. The loan term was set at 30 years. This DSCR equity cash-out loan was funded in September 2024. Visit this page on Private Lender Link to learn more about the deal and the lender: https://pllk.io/216457 Dealmaker: Jonathan Gras, Team Loan Officer #privatelending #privatemoney #privatelenders #privatemortgage #hardmoney #hardmoneylenders #hardmoneylending #bridgelending #bridgelenders