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 Clinton, Mississippi
We found 18 records for construction private money lenders in Clinton, MS. Note amounts average around $472,322. The median interest rate for private loans in Clinton is 10.2%. The median term offered for loans is 22 months. The average hard money loan offered in this city includes a 2.7 point origination charge. 75% is the average LTV offered for offered by lenders in Clinton.
Loan Example 1
George wants to purchase a home lot in the Queens-Magnolia Terrace neighborhood of Clinton, MS and build a duplex in order to resell it. The land is available for $320,000 and George expects that the building costs for the house will be around $250,000. Sunrise Lending will contribute to the transaction at a 85% loan to value (LTV) with a 10%, 6 month construction loan with 2 origination points to be paid at the closing. Building fees are to be paid out in draws and there will be no pre-payment penalties charged. Given the terms of this loan, George will need to fund $85,500 plus $9,690 in origination costs at closing, then will begin making $4,038 per month payments. After deducting all expenses, George will earn a $246,085 total profit if he achieves his goal of a $850,000 sales price.
Loan Example 2
Dee is an investor who decides to purchase a vacant lot in the Queens-Magnolia Terrace neighborhood of Clinton, MS in order to build a tri-plex. In order to fund the project, she obtains a new construction loan from Number One Funding with the following terms:
- $230,000 purchase price for the lot
- $200,000 in building expenses
- 75% loan to value (LTV)
- 12 month length
- 13% interest rate
- 4% origination charge
After the construction is finished, if Dee lists the house for $550,000, the final numbers would be as follows:
$550,000 sales price
- $322,500 principle on note (75% LTV)
- $107,500 cash paid at closing (25% on 75% LTV)
- $12,900 origination fee (4% of the $322,500 principle)
- $41,925 total interest paid (12 months x 13% interest)
= $65,175 gross profit
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
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
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 ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
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 ...
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 ...
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
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 ...
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. ...
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 ...
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 ...
Dominion Mortgage Corporation
1990 S. Bundy Drive, Suite 640
Los Angeles, CA 90025
(310) 477-3041 Website
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 ...
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 ...
Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States. They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...
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 ...
Finance of America Commercial
4201 Congress Street, Suite 475
Charlotte, NC 28209
(704) 817-4900 Website
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 ...
National Equity Funding is private money lender based in Irvine, CA. They offer funding throughout the country. They offer fix and flip hard money loans, investment property loans, commercial loans, construction loans, and short term loans. ...