The Norris Group is private money lender headquartered in Riverside, CA. They provide funding in Los Angeles County, Orange County, San Diego County, Riverside County, San Bernardino County, and Kern County. They offer lending solutions for ...
New Construction Loans in Cathedral City, California
Cathedral City, CA has 50 new construction lenders operating in the city. Note amounts average around $295,000. Interest rates on private loans issued to Cathedral City borrowers average 10.6%. The median term for notes is 20 months. The average points added to the loans is 3.4%. 71% is the mean loan-to-value for for loans in Cathedral City.
Loan Example 1
Derek is a builder and wants to acquire a land plot in Cathedral City, CA in order to construct a new single family home. The land is listed for $290,000 and Derek thinks that the building costs for the new house will be about $150,000. West Side Investment Group will loan on the project at a 75% loan-to-value (LTV) with a 10%, 18 month construction loan with three origination points to be paid when the transaction closes. Derek is to collect the building expenses in draws and there will be no pre-payment penalty if he re-pays the loan early. By the stipulations of this loan, Derek will need to pay $110,000 plus $9,900 in origination fees at the closing, then will start making $2,750 per month payments. If Derek then sells the home for $520,000 he will pocket a gross profit of $20,600 after repaying the principle amount and deducting the origination fee and cumulative interest.
Loan Example 2
Julian is an investor who wants to purchase a home lot in Cathedral City, CA and construct a home. He takes out a construction loan from Big Lake Lending Company with these specifications:
a) A $370,000 purchase price for the plot, b) $200,000 in building costs, c) an 85% loan-to-value (LTV), d) a 18 month term, e) a 13% interest rate, and f) a 5 point origination charge.
If Julian achieves his goal of a $710,000 sale, the final numbers of the deal would be the following:
$710,000 sales price
- $484,500 loan principle (85% LTV)
- $85,500 cash paid at closing (15% on 85% LTV)
- $24,225 origination fee (5% of the $484,500 principle)
- $94,478 total interest paid (18 months x 13% interest)
-----------------------
= $21,298 gross profit
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Marquee Funding Group is private money lender headquartered in Calabasas, CA. They provide loans throughout California. They provide lending solutions for many different scenarios, including fix and flip loans, refinancing, commercial hard money loans, long term rental ...
FK Capital Fund is a San Clemente, CA based private money lender offering funding in California. They provide lending solutions for many different scenarios, including bridge loans, commercial hard money loans, refinancing, hard money construction loans, long term rental ...
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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 ...
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All California Lending is private lender based in Brentwood, CA. They provide funding in California. They provide lending solutions for a variety of scenarios, including commercial hard money loans, rental property loans, fix-and-flip loans, builder loans, ...
Aztec Financial is an asset-based lender in Burbank, CA offering loans throughout California. They provide lending solutions for a variety of situations, including hard money refinancing, loans for rental properties, builder loans, fix-and-flip loans, short term loans, and ...
Lending Xpress is a private lender in Irvine, CA providing loans throughout California. They offer construction loans, hard money loans for commercial properties, fix and flip loans, short term bridge loans, rental property loans, and private refinancing. ...
MAE Capital Mortgage is a Rocklin, CA based private lender who offers funding in California. They provide loans for a variety of situations and needs, including builder loans, cash out loans, fix and flip hard money loans, loans for ...
North Coast Financial is a hard money lender in Oceanside, CA providing loans throughout California. They offer lending solutions for many different situations, including refinancing, commercial loans, construction loans, hard money bridge loans, buy and hold loans, and ...
Crawford Real Estate Services is an asset-based lender based in San Bernadino, CA offering funding throughout California. They provide new construction loans, fix and flip loans, long term rental property loans, and commercial loans. Their lending guidelines ...
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...
Headquartered in Los Angeles, CA, Delancey Street Lending is a private lender offering funding in California. They provide loans for many different scenarios, including fix and flip, commercial loans, short-term bridge loans, investments properties, cash-out refinancing, and new construction. ...
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 ...
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. ...
Lending Associates is a private money lender based in San Diego, CA providing funding throughout Southern California. They offer commercial loans, ground-up construction loans, bridge loans, cash out hard money loans, and fix-and-flip loans. They provide ...
Spyglass Lending is a Los Angeles, CA based hard money lender. They provide loans throughout Orange County, Los Angeles County, Riverside County, San Bernardino County, and San Diego County. They offer new construction loans and fix-and-flip loans. ...
Rubicon Mortgage Fund is an asset-based lender in Lafayette, CA providing funding throughout these areas: San Francisco County, Marin County, Alameda County, San Mateo County, Sonoma County, Napa County, Santa Clara County, Contra Costa County, Solano County, Butte County, Colusa ...
Based in San Diego, CA, Trilion Capital is a private lender offering loans throughout San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, and Ventura County. They provide lending solutions for many ...
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Pivotal Capital Group is a hard money lender in Ladera Ranch, CA providing funding in California. They provide lending solutions for many different situations and needs, including buy and hold loans, construction loans, and short term fix and ...
RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
Streit Lending is a Van Nuys, CA based private money lender who provides loans throughout California. They provide construction loans, hard money loans for commercial properties, short term bridge loans, and fix-and-flip loans. They provide rates ...
Maun Capital is hard money lender headquartered in Costa Mesa, CA. They offer loans throughout California. They provide builder loans, commercial loans, refinancing, bridge loans, and short term fix and flip loans. Their loan guidelines ...
Based in Santa Monica, CA, SCHU Mortgage & Capital is a private lender providing funding in California. They provide short term loans, new construction loans, commercial loans, private refinancing, fix-and-flip hard money loans, and long term rental property ...
Rockland Hard Money is an asset-based lender in El Segundo, CA offering loans in California. They provide lending solutions for many different needs and situations, including buy and hold loans, construction loans, commercial loans, cash out hard money loans, ...
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Granite Funding is a Rancho Cordova, CA based private money lender. They offer funding in California. They provide fix and flip loans, hard money loans for commercial properties, bridge loans, refinancing, and new construction loans. They ...
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 ...
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Allstar Capital Group is an Encinitas, CA based private lender providing loans throughout California. They offer loans for a variety of needs and situations, including construction loans, commercial loans, hard money refinancing, and fix and flip hard money ...
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 ...
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, ...
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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 ...
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