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 Covina, California
A total of 50 results for construction hard money lenders were found in Covina, CA. In this city, the average note amount is $325,000. Interest rates for loans average about 10.4%. The typical loan made in this city is for 18 months. The average note includes a 2.7 point origination fee. The median LTV for loans in Covina is 72%.
Loan Example 1
Dwight is a home builder in Covina, CA. He decides to buy a vacant lot to build a new tri-plex in the Charter Oak neighborhood. The land costs $330,000 and Dwight estimates that the construction costs for the project will be around $400,000. Investors Investment Group will fund the deal at a 80% loan-to-value (LTV) with a 9%, 18 month construction loan with five origination points paid at the closing. They will not charge a pre-payment penalty and they will issue the construction expenses in a few draws. By the specifications of this note, Dwight will have to pay $146,000 plus $29,200 in origination fees at the closing, then will begin making $4,380 monthly payments. If Dwight then sells the property for $1,020,000 he will earn a gross profit of $181,960 after paying pack the principle and subtracting the origination fee and total interest.
Loan Example 2
Ian is a home builder and wants to build a tri-plex on a land plot in the Charter Oak area of Covina, CA. Since he does not have enough money to pay for the full purchase, he takes out a construction private money loan from South Star Investment Corporation with the following terms:
- $380,000 sales price for the land plot
- $150,000 in construction costs
- 65% loan to value (LTV)
- 18 month term
- 8% rate of interest
- 2% origination fee
If Ian achieves his goal of a $680,000 sales price, the final numbers of the project will be the following:
$680,000 sales price
- $344,500 note principle (65% LTV)
- $185,500 cash paid at closing (35% on 65% LTV)
- $6,890 origination points (2% of the $344,500 principle)
- $41,340 total interest paid (18 months x 8% interest)
-----------------------
= $101,770 net profit
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. ...
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 ...
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 ...
Karpe Real Estate Center is a Bakersfield, CA based private money lender. They offer loans in California. They offer construction loans, loans for rental properties, short term fix and flip loans, and commercial loans. They offer ...
Headquartered in North Hollywood, CA, LBC Capital is a private money lender providing funding in California, Oregon, and Washington. They offer cash out hard money loans, loans for investments properties, commercial loans, short term loans, hard money construction ...
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 ...
Bolour Associates is a Beverly Hills, CA based hard money lender. They offer loans throughout Arizona, California, and Texas. They offer loans for a variety of situations and needs, including short term loans, cash out loans, private ...
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, ...
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. ...
Macoy Capital is private money lender based in Beverly Hills, CA. They offer loans in California. They provide hard money refinancing, short term loans, private commercial loans, loans for rental properties, construction loans, and fix-and-flip loans. ...
Lantzman Lending is a San Diego, CA based hard money lender. They provide loans in Arizona, California, and Texas. They offer fix and flip hard money loans, rental property loans, hard money loans for commercial properties, refinancing, ...
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 ...
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 ...
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 ...
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. ...
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 ...
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, ...
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 ...
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 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 ...
Hard Money Lenders California is a private lender headquartered in Los Angeles, CA offering loans in Los Angeles, San Diego, and San Francisco. They provide commercial loans, fix-and-flip hard money loans, investment property loans, hard money construction loans, ...
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. ...
Standard Home Lending Inc is a Studio City, CA based private lender who offers loans in Los Angeles. They offer loans for many different needs and situations, including private refinancing, hard money construction loans, short term loans, commercial hard ...
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 ...
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 ...
Headquartered in San Diego, CA, Louie Loans is a private lender offering funding in San Diego County, Orange County, Los Angeles County, Riverside County, San Bernardino County, Imperial County, and Ventura County. They offer hard money construction 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 ...
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 ...
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, ...
Private Money Lenders is a Granada Hills, CA based private money lender offering funding throughout California. They provide loans for investments properties, commercial hard money loans, ground-up construction loans, cash out hard money loans, bridge loans, and fix ...
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 ...
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 ...
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 ...
SDC Capital is a Van Nuys, CA based hard money lender. They provide funding throughout California. They provide loans for a variety of situations and needs, including hard money construction loans, commercial hard money loans, short term fix ...
Cal Pac Capital is a Newport Beach, CA based private lender providing loans throughout California. They offer loans for many different situations, including commercial hard money loans, rental property loans, fix-and-flip hard money loans, hard money refinancing, short term ...
Equity Bridge Capital is a San Francisco, CA based private lender offering funding in California. They provide lending solutions for a variety of scenarios, including builder loans, fix-and-flip loans, hard money bridge loans, private commercial loans, private refinancing, ...
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 ...
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 ...
Pelorus Equity Group is a hard money lender in Laguna Hills, CA offering funding throughout California. They offer lending solutions for a variety of needs and situations, including rental property loans, private refinancing, short term loans, new construction loans, ...
Commercial Loan Express is a Santa Barbara, CA based private money lender providing funding throughout California. They offer private refinancing, fix-and-flip loans, short term loans, and ground-up construction loans. They provide terms between 6 months and ...
Cervenka and Lukes Capital Partners is a Pasadena, CA based private money lender. They provide funding in California. They provide construction loans, short term loans, commercial loans, and fix and flip loans. They offer rates ...
Royal Development is an Irvine, CA based private lender. They provide funding in California, Texas, and Washington. They offer short term loans, new construction loans, commercial hard money loans, rental property loans, private refinancing, and fix-and-flip ...
Headquartered in Quincy, MA, Conquest Capital Partners is an asset-based lender providing loans in Boston. They provide lending solutions for a variety of situations and needs, including commercial loans, ground up construction loans, hard money bridge loans, loans for ...
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
Vanguard Hard Money is a private lender in Santa Barbara, CA providing funding in California. They provide lending solutions for many different situations and needs, including short term bridge loans, hard money refinancing, loans for rental properties, hard money ...
Based in Newport Beach, CA, Newport Center Mortgage is a hard money lender providing loans throughout California. They provide loans for a variety of situations, including construction loans, short term fix and flip loans, private commercial loans, and ...
Green View Lending Corporation is hard money lender headquartered in Whittier, CA. They provide loans in California. They offer lending solutions for a variety of needs and situations, including commercial hard money loans, loans for investments properties, ...
Market Street Financial Solutions is an asset-based lender in Carlsbad, CA offering funding in California. They provide lending solutions for many different needs and situations, including short term loans, fix and flip hard money loans, builder loans, and ...
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