Alaska New Construction Loans
A total of 6 results for construction private money lenders were found in Alaska. The median note amount in the state is $449,202. The median rate for hard money loans in Alaska is 10.9%. The typical note issued in this state is for 17 months. The mean origination fee for loans is 3.5 points. The median loan to value (LTV) offered for loans in Alaska is 75%.
Loan Example 1
Frederick is a builder who wants to acquire a land plot in Eagle River, AK and build a tri-plex. The building costs will be approximately $200,000 and the lot will cost $250,000. South Side Finance Company will contribute to the project at a 50% loan-to-value (LTV) with a 10%, 18 month construction loan with 3 origination points paid at closing. They will not charge a pre-payment penalty and they will issue the building costs in a few draws. The borrower will have to pay $1,875 monthly in interest payments on top of $225,000 down, plus a $6,750 origination charge at the closing. After deducting all costs, Frederick will earn a $49,500 total profit if he achieves his goal of a $540,000 sales price.
Loan Example 2
Leroy is an investor who wants to buy a land lot in Anchorage, AK and construct a new tri-plex. He obtains a new construction loan from GJ Lending with these specifications:
Recreation Activities include:
If Leroy succeeds in his goal of a $460,000 sales price, the final numbers of the deal will be as follows:
$460,000 sales price
- $180,000 principle on note (50% LTV)
- $180,000 down payment (50% on 50% LTV)
- $5,400 origination fee (3% of the $180,000 principle amount)
- $24,300 total interest paid (18 months x 9% interest)
= $70,300 gross profit
Anchor Loans is a Calabasas, CA based private lender. They provide loans in 34 states throughout the US. They offer new construction loans, fix-and-flip hard money loans, loans for rental properties, refinancing, hard money bridge loans, and ...
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. ...
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 ...
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
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 ...
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 ...