Arkansas New Construction Loans
We found 12 records for new construction lenders serving Arkansas. Loan amounts average approximately $477,532. The mean interest rate for loans in Arkansas is 10.9%. The median loan issued in this state has a term of 18 months. The average origination fee for the loans is 3.6 points. Lenders offer on average a 76% LTV on loans in Arkansas.
Loan Example 1
Clayton is a home builder and he decides to buy a vacant lot in Batesville, AR in order to construct a house. The land is available for $340,000 and Clayton expects that the building costs for the house will be approximately $350,000. He takes a new construction loan from Friendly Investment Corporation with the following terms: 1) a 12 month note at 9% interest, 2) interest-only payments made each month, 3) 5 origination points paid at closing by the borrower, and 4) a 50% loan-to-value (LTV) on both the lot purchase and the building costs. They will not assess a pre-payment penalty and they will fund the building costs in several draws. According to the stipulations of the loan, Clayton will need to pay $345,000 plus $17,250 in origination fees at closing, then will start making $2,588 per month payments. If Clayton sells the house for $1,030,000 he will pocket a gross profit of $291,700 after paying pack the principle amount and subtracting the origination expense and total interest.
Loan Example 2
Zelma is a builder in Benton, AR. She decides to acquire a land plot and construct a new home. Because she doesn't have enough cash to fund the total deal, she takes out a new construction hard money loan from South Side Lending Corporation with the following terms:Our specialized programming offers a holistic approach to the needs of individuals requiring post acute and skilled nursing care, as well as personalized long-term care. In conjunction with our subacute specialization in cardiac, orthopedic and pulmonary care, we take pride in our revolutionary Care Navigation model and URGENT SNF Stabilization Program.
If Zelma succeeds in her goal of a $1,030,000 sale, the final numbers of the project will be the following:
$1,030,000 sales price
- $345,000 note principle (50% LTV)
- $345,000 cash paid at closing (50% on 50% LTV)
- $6,900 origination points (2% of the $345,000 principle)
- $67,275 total interest paid (18 months x 13% interest)
= $265,825 total profit
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing in Commercial loans, Adaptive Re-use & Construction lines of credit nationwide!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
Global Capital Partners Fund
555 Fifth Avenue, Suite 302
New York, NY 10017
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing nationwide in commercial loans, adaptive re-use, construction lines of credit, ground up construction, fix & flip, & more!
A diverse portfolio ...
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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 $7.1 Billion life-to-date in total loan volume to real estate investors. ...
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Nationwide leading hard money and NON-QM lender. We are passionate about helping small business owners, contractors, and Real Estate investors, swiftly and efficiently finance their investment goals. We customize our hard money loan programs for each ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using their own ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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 construction loans, ...
Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...
Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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. ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...