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 Crystal Springs, Mississippi
Crystal Springs, MS has 18 new construction lenders serving the city. The mean amount for loans in the city is $741,250. The mean interest rate for private loans in Crystal Springs is 11.0%. The mean length offered for loans is 21 months. The average origination fee for loans is 2.8 percent. The average loan-to-value (LTV) offered for loans in Crystal Springs is 76%.
Loan Example 1
Jaime is a real estate investor in Crystal Springs, MS. He wants to buy a vacant lot to construct a new tri-plex. The plot costs $240,000 and Jaime thinks that the building costs for the project will be approximately $400,000. In order to fund the transaction, he takes a new construction loan from West Shore Lending . They agree to provide a loan with a 13% rate of interest for 6 months and five origination points paid when the deal closes. They also agree to contribute 55% of the aggregate costs (the loan-to-value or "LTV"). There are no pre-payment penalties on the note and building costs will be paid in a few draws. The borrower will need to pay $3,813 per month in note payments on top of $288,000 down, plus a $17,600 origination charge at the closing. Jaime 's plan is to sell the home for $760,000. If he succeeds, he will make a net profit of $79,520 after subtracting all costs ($352,000 principle, $288,000 cash down, $17,600 origination charges and $22,880 for 6 months of interest payments).
Loan Example 2
Lonnie is a builder who wants to build a duplex on a lot in Crystal Springs, MS. Because he doesn't have enough money to fund 100% of the transaction, he applies for a new construction private money loan from South Star Lending with the following stipulations:
- $390,000 purchase price for the vacant lot
- $350,000 in construction expenses
- 85% loan-to-value (LTV)
- 12 month term
- 12% rate of interest
- 3% origination charge
After the project is finished, if Lonnie sells the property for $1,030,000, the final numbers would be the following:
$1,030,000 sales price
- $629,000 note principle (85% LTV)
- $111,000 down payment (15% on 85% LTV)
- $18,870 origination fee (3% of the $629,000 principle)
- $75,480 interest payments (12 months x 12% interest)
= $195,650 net 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 ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Capital Funding Corporation
515 South Flower Street, 36th Floor
Los Angeles, CA 90071
(310) 561-1400 Website
Capital Funding Corporation is a Los Angeles, CA based private lender. They offer loans all throughout the United States. They offer ground-up construction loans and commercial loans. They offer loan amounts ranging from $3,000,000 to $50,000,000 ...
Mountain Real Estate Capital
13860 Ballantyne Corporate Place, 130
Charlotte, NC 28277
(704) 930-7501 Website
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 ...