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Batesville, AR has 19 construction private money lenders offering loans within the city. The average amount for loans in this city is $378,393. The average interest rate for loans in Batesville is 10.4%. The mean term for notes is 23 months. The mean origination percentage applied to the loans is 2.4%. 75% is the median loan to value for for loans in Batesville.
Meredith is a home builder and wants to construct a duplex on a land lot in Batesville, AR. Along with the $380,000 cost of the lot, Meredith approximates she will have around $250,000 in construction expenses to build the project. She applies for a construction loan from Investors Funding Group with these stipulations: 1) a 18 month note at 8% interest, 2) interest-only payments made each month, 3) 3 origination points at closing by the borrower, and 4) a 70% loan-to-value (LTV) on the lot and the construction expenses. There will be no pre-payment penalties for the note and construction expenses will be paid out in a few draws. The borrower will be required to pay $2,940 per month in note payments in addition to $189,000 down, plus a $13,230 origination charge at closing. At the end of the loan, Meredith sells the house for $810,000. This will earn Meredith a $113,850 gross profit after paying off all expenses of the deal ($441,000 principle amount, $189,000 cash at closing, $13,230 origination fee, and $52,920 for 18 months of interest payments).
Anthony is a home builder and he wants to construct a single family home on a vacant lot in Batesville, AR. He applies for a new construction loan from South Star Finance with the following parameters:
a) A $290,000 sales price for the vacant plot, b) $150,000 in construction costs, c) an 65% loan-to-value (LTV), d) a 18 month term, e) a 11% interest rate, and f) a 2% origination charge.
If Anthony achieves his goal of a $660,000 sale, the final numbers of the project would be as follows:
$660,000 sales price
- $286,000 principle on note (65% LTV)
- $154,000 cash paid at closing (35% on 65% LTV)
- $5,720 origination points (2% of the $286,000 principle)
- $47,190 interest payments (18 months x 11% interest)
-----------------------
= $167,090 total profit
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and theability to tailor financing options to a client's individual needs have made Global CapitalPartners a household name in New York's commercial lending industry. Global Capital Partnershas long provided ...
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 $6.6 Billion life-to-date in total loan volume to real estate ...
3435 Wilshire #1840
Los Angeles, CA 90010
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 ...
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 ...
100 Lanidex Plaza
Parsippany, NJ 07054
Stratton Equities is the Nationwide leading hard money 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 unique project ...
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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 ...
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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 ...
20 West Vine Street #575
Lansdale, PA 19446
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
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 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 ...
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. ...
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 ...
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 ...
433 Hackensack Avenue, 12th Floor
Hackensack, NJ 07601
Silver Arch Capital is a Hackensack, NJ based hard money lender. They provide loans across the US. They provide new construction loans, refinancing, and hard money loans for commercial properties. They offer terms between 1 ...
11601 Wilshire Blvd. Suite 2410
Los Angeles, CA 90025
Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...
One South Greeley Ave Suite 1b
Chappaqua, NY 10514
Brisco Funding is an asset-based lender in Chappaqua, NY providing funding throughout the US. They offer lending solutions for many different situations and needs, including construction loans, buy and hold loans, short term loans, and short term fix ...
1990 S. Bundy Drive, Suite 640
Los Angeles, CA 90025
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 ...
275 East Street Road, Suite A
Feasterville Trevose, PA 19053
MCG is a hard money lender based in Feasterville Trevose, PA providing loans across the US. They provide hard money loans for commercial properties, refinancing, short term bridge loans, and builder loans. They ...
5044 Lakeaire Cir
Temple, TX 76502
BSIP Capital is a Temple, TX based hard money lender. They offer loans throughout the country. They provide lending solutions for a variety of needs and situations, including commercial loans, hard money refinancing, long term rental property loans, ...
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