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 Dickinson, North Dakota
A total of 13 records for new construction hard money lenders were found in Dickinson, ND. The mean amount for loans in the city is $417,188. The mean interest rate for private loans in Dickinson is 11.2%. The mean loan issued in the city has a length of 43 months. The average origination for the loans is 8.0 points. Lenders typically offer a 76% loan-to-value (LTV) on deals in Dickinson.
Loan Example 1
Bethany wants to purchase a vacant lot in Dickinson, ND to construct a duplex and sell it for a profit. Bethany thinks the building costs will be around $300,000 and the land will cost $310,000. K & M Lending will fund the transaction at a 55% loan-to-value (LTV) with a 10%, 18 month construction loan with 2 origination points paid when the transaction closes. There will be no pre-payment penalties for the loan and building costs will be paid out over multiple draws. According to the stipulations of this note, Bethany will have to fund $274,500 plus $6,710 in origination fees at the closing, then will start making $2,796 per month payments. At the end of the loan, Bethany re-sells the home for $850,000. This will net Bethany a $182,965 total profit after paying back all costs of the deal ($335,500 principle, $274,500 cash down, $6,710 origination fee, and $50,325 for 18 months of interest payments).
Loan Example 2
Marta is a real estate investor and decides to buy a land plot in Dickinson, ND and construct a new tri-plex. She applies for a construction loan from East Side Finance Group with the following terms:
- $180,000 sales price for the land plot
- $350,000 in building expenses
- 75% loan-to-value (LTV)
- 18 month length
- 8% rate of interest
- 2% origination charge
After the project is finished, if Marta sells the house for $760,000, the final numbers will be as follows:
$760,000 sales price
- $397,500 note principle (75% LTV)
- $132,500 down payment (25% on 75% LTV)
- $7,950 origination fee (2% of the $397,500 principle amount)
- $47,700 total interest paid (18 months x 8% interest)
= $174,350 gross profit
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip 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 ...
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 ...
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 ...
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 ...
Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country. They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans. Their loan guidelines ...
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 ...
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 ...
Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are versatile, including ...
North Shore Funding is a Syosset, NY based private lender. They provide loans across the US. They provide lending solutions for many different scenarios, including commercial hard money loans, bridge loans, and hard money construction loans. ...