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 ...
New Construction Loans in Bastrop, Louisiana
Bastrop, LA has 20 new construction hard money lenders serving the city. The average note amount in the city is $439,792. The average rate for hard money loans in Bastrop is 10.4%. The mean term for notes is 14 months. A typical hard money loan made in the city carries a 2.9 percent origination cost. The median loan to value for loans in Bastrop is 73%.
Loan Example 1
Leslie decides to buy a home lot in Bastrop, LA to construct a house in order to re-sell it for a profit. The plot is available for $380,000 and Leslie estimates that the construction costs for the project will be approximately $350,000. Big Money Investments will fund the deal at a 50% loan to value (LTV) with a 11%, 18 month new construction loan with two origination points to be paid at closing. They agree not to charge a pre-payment penalty and they will fund the construction expenses in a few draws. The borrower will need to pay $3,346 monthly in loan payments on top of $365,000 down, plus a $7,300 origination charge at closing. When the loan expires, Leslie sells the home for $870,000. This will earn Leslie a $72,475 gross profit after paying back all expenses of the loan ($365,000 principle, $365,000 cash at closing, $7,300 origination charges, and $60,225 for 18 months of payment).
Loan Example 2
Salvador wants to buy a vacant lot in Bastrop, LA to construct a new home to resell it. Since he doesn't have the cash to pay for the full purchase, he applies for a new construction private money loan from Flippers Funding Group with these parameters:
- $260,000 sales price for the land lot
- $400,000 in construction costs
- 65% loan-to-value (LTV)
- 18 month term
- 8% interest rate
- 5% origination charge
Salvador plans to sell the house when the note expires for $790,000. If he succeeds, the deal numbers will be the following:
$790,000 sales price
- $429,000 principle on note (65% LTV)
- $231,000 down payment (35% on 65% LTV)
- $21,450 origination fee (5% of the $429,000 principle)
- $51,480 interest payments (18 months x 8% interest)
-----------------------
= $57,070 total profit
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
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 ...
Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
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 ...
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
George Smith Partners is a Los Angeles, CA based hard money lender. They provide loans all throughout the US. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, short term ...
Aspen Capital Funding is a Beaverton, OR based hard money lender offering funding all across the country. They provide hard money bridge loans, commercial loans, and hard money construction loans. They offer loan amounts ranging from ...
Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US. They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans. ...
Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans. They provide rates ...
We Lend Money is an asset-based lender offering funding all throughout the US. They provide lending solutions for a variety of situations, including private commercial loans, long term rental property loans, fix-and-flip loans, hard money construction loans, and ...
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
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