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 Bismarck, North Dakota
Bismarck, ND has 13 new construction hard money lenders offering loans in the city. Loan amounts average around $516,072. Interest rates on hard money loans made to Bismarck investors average 10.7%. The average loan made in the city has a term of 14 months. The average loan includes a 4.2 point origination charge. The average loan to value for loans in Bismarck is 78%.
Loan Example 1
Connie wants to acquire a lot in Bismarck, ND and build a new duplex in order to re-sell it for a profit. Connie estimates the construction expenses will be around $400,000 and the lot will cost $160,000. She takes a construction loan from Downtown Lending Group with the following terms: 1) a 12 month note at 9% interest, 2) interest-only payments made each month, 3) 2 origination points paid at the closing by the borrower, and 4) a 80% loan to value (LTV) on the lot purchase and the construction expenses. They agree not to assess a pre-payment penalty and they will pay out the construction expenses in several draws. According to the stipulations of the loan, Connie will be required to pay $112,000 plus $8,960 in origination fees at the closing, then will begin making $3,360 monthly payments. Connie 's plan is to sell the home for $670,000. If she achieves this, she will make a gross profit of $60,720 after deducting all costs ($448,000 principle, $112,000 cash down, $8,960 origination charges and $40,320 for 12 months of interest payments).
Loan Example 2
Curtis wants to acquire a vacant lot in Bismarck, ND to construct a tri-plex and resell it. To fund the transaction, he obtains a construction loan from Fortune Lending with the following stipulations:
a) A $310,000 sales price for the land plot, b) $300,000 in building costs, c) an 65% loan-to-value (LTV), d) a 6 month length, e) a 10% rate of interest, and f) a 4% origination charge.
After the building project is complete, if Curtis lists the property for $820,000, the final numbers would be as follows:
$820,000 sales price
- $396,500 principle on note (65% LTV)
- $213,500 cash paid at closing (35% on 65% LTV)
- $15,860 origination fee (4% of the $396,500 principle)
- $19,825 interest payments (6 months x 10% interest)
= $174,315 total profit
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 ...
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 ...
Global Capital Partners
1345 Avenue Of The Americas, 2nd Floor
New York, NY 10105
(800) 514-7350 Website
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 ...
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75070
(214) 548-5190 Website
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 ...
3 J Bar-K is a hard money lender headquartered in Jacksonville, FL offering funding throughout the United States. They provide ground up construction loans, cash out loans, short term loans, fix and flip hard money loans, private commercial loans, ...
George Smith Partners
10250 Constellation Blvd, Suite 2700
Los Angeles, CA 90067
(310) 557-8336 Website
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 ...
Flip Funding is an asset-based lender in Sacramento, CA providing funding across the US. They provide investment property loans, cash out hard money loans, hard money loans for commercial properties, new construction loans, hard money bridge loans, and ...
Aspen Capital Funding
9400 SW Beaverton-Hillsdale Hwy, Suite 131
Beaverton, OR 97005
(503) 295-5800 Website
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 ...
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 ...
Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are versatile, including ...
Based in Ponte Vedra Beach, FL, SNAP.BUILD is a private lender offering funding all across the United States. They offer lending solutions for many different situations and needs, including buy and hold loans, ground-up construction loans, and short ...