Sharestates is a pioneer in the field of marketplace real estate lending, the online path to consistent passive income for investors and a fresh source of targeted capital for borrowers.
New Construction Loans in Concord, North Carolina
Concord, NC has 37 new construction hard money lenders serving the city. In this city, the median loan amount is $286,429. Rates on private loans issued to Concord investors average around 11.9%. 17 months is the median term for loans offered in the city. The average loan made in this city includes a 2.8 percent origination charge. The average loan-to-value for loans in Concord is 73%.
Loan Example 1
Rodney is a home builder and he wants to construct a home on a lot in Concord, NC. Along with the $330,000 price of the lot, Rodney thinks he will require around $350,000 in construction expenses to complete the home. He takes a construction loan from K & M Investment Company with the following terms: 1) a 12 month note at 12% interest, 2) interest only payments made monthly, 3) 4 origination points at the closing by the borrower, and 4) a 65% loan-to-value (LTV) on both the plot purchase and the construction expenses. Rodney will receive the construction expenses in draws and there won't be a pre-payment penalty if he re-pays the loan prior to the expiration. According to the stipulations of this loan, Rodney will have to fund $238,000 plus $17,680 in origination costs at the closing, then will begin making $4,420 per month payments. Rodney's intent is to sell the new house for $980,000. If he achieves this, he will pocket a total profit of $229,280 after subtracting all expenses ($442,000 principle amount, $238,000 cash down, $17,680 origination charges and $53,040 for 12 months of payments).
Loan Example 2
Roland decides to buy a land plot in Concord, NC and build a new house to resell it. Since he does not have enough money to pay for the total transaction, he obtains a construction hard money loan from All American Finance Company with these specifications:
a) A $400,000 sales price for the lot, b) $250,000 in construction costs, c) an 55% loan-to-value (LTV), d) a 12 month term, e) a 13% interest rate, and f) a 4 point origination charge.
Assuming a $910,000 resell after the 12 month term, the numbers for this deal will be the following:
$910,000 sales price
- $357,500 principle on note (55% LTV)
- $292,500 cash paid at closing (45% on 55% LTV)
- $14,300 origination fee (4% of the $357,500 principle amount)
- $46,475 interest payments (12 months x 13% interest)
= $199,225 net profit
11 Middle Neck Road Suite 314
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Global Capital Partners
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 ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
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, ...
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 $7.1 Billion life-to-date in total loan volume to real estate investors. ...
Washington Capital Partners
2815 Hartland Road, Suite 200
Falls Church, VA 22043
Based in Falls Church, VA, Washington Capital Partners is a private lender providing loans in Washington DC, Maryland, Virginia, and beyond. They offer lending solutions for a variety of situations, including fix and flip loans, rental loans, bridge loans, transactional ...
Angel Oak Prime Bridge
980 Hammond Drive, Suite 850
Atlanta, GA 30328
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. ...
Walnut Street Finance
4021 University Dr #200
Fairfax, VA 22030
Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Virginia, Maryland, Washington, DC, Delaware, North Carolina, South Carolina, and Pennsylvania.They require minimal upfront capital from their borrowers and ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
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 ...
Global Integrity Finance
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 ...
Sunset Equity Funding
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 ...
8341 Bandford Way, Suite 5
Raleigh, NC 27615
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.
Creative Hard Money LLC
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 ...
11 Capital Finance
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. ...
In The Black Commercial Finance
301 McCullough Drive, Suite 400
Charlotte, NC 28262
In The Black Commercial Finance is a Charlotte, NC based hard money lender providing loans in Charlotte. They provide ground up construction loans and commercial loans. They offer rates starting at 3.75% , loan amounts ranging ...
1100 Peachtree Street, Suite 200
Atlanta, GA 30309
Straightline Funding is an Atlanta, GA based private lender. They provide loans throughout Alabama, Georgia, Illinois, North Carolina, and South Carolina. They provide bridge loans, loans for investments properties, new construction loans, cash out loans, fix and ...
Convisions Capital Group
5709 Enoree Lane
Raleigh, NC 27616
Convisions Capital Group is a Raleigh, NC based hard money lender offering loans throughout Los Angeles. They provide commercial hard money loans, fix-and-flip hard money loans, ground-up construction loans, bridge loans, buy and hold loans, and refinancing. ...
Pepe Berard Capital
211 South Ridge Street
Rye Brook, NY 10573
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
LendingHQ is a Charleston, SC based private lender offering loans throughout Georgia, South Carolina, and North Carolina. They offer lending solutions for many different situations and needs, including fix and flip hard money loans, commercial loans, and ...
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Unlimited Capital Group
2670 N. Main St, Suite 350B
Santa Ana, CA 92705
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Old North Capital Fund
525 North Tryon Street
Charlotte, NC 28202
Headquartered in Charlotte, NC, Old North Capital Fund is a private money lender offering loans in North Carolina. They provide lending solutions for many different situations, including fix and flip loans, hard money bridge loans, and construction loans. ...
Island View Private Loan Fund
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 ...
Baker Collins & Co.
260 Peachtree St, Suite 1002
Atlanta, GA 30303
Baker Collins & Co. is a Private Real Estate Lending Group that provides streamlined, hassle-free lending options to fit the way you invest. Baker Collins & Co. is rated #1 for client satisfaction and is a leading private money financier ...
Investor Rehab Funding
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. ...
Red Rock Capital
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 ...
2601 South Bayshore Drive, Suite 1460
Miami, FL 33133
BridgeInvest is a Miami, FL based private money lender who offers loans throughout Georgia, Florida, Texas, and North Carolina. They provide loans for many different scenarios, including fix and flip hard money loans, cash out loans, short term ...
1010 NE 2nd Ave
Miami Beach, FL 33132
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
No deal that makes sense is beyond our abilities. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner occupied ...
35 Trenton Ave
Long Beach, NY 11561
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 ...
Miner Capital Funding
2226 Madero Dr
Belleville, IL 62221
Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US. They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...
Rodeo Capital Inc
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 ...
Aspen Capital Funding
9400 SW Beaverton-Hillsdale Hwy, Suite 131
Beaverton, OR 97005
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 ...
Silver Arch Capital
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 ...
Caroline Lending LLC
712 Main St, Suite 2200
Houston, TX 77002
Caroline Lending LLC is a Houston, TX based hard money lender. They provide funding all throughout the US. They provide loans for a variety of needs and situations, including short term fix and flip loans, ground up construction ...
Mountain Real Estate Capital
13860 Ballantyne Corporate Place, 130
Charlotte, NC 28277
Based in Charlotte, NC, Mountain Real Estate Capital is an asset-based lender providing loans across the country. They provide ground up construction loans and hard money loans for commercial properties. They provide loans on ...