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 Erlanger, Kentucky
A total of 19 search results for construction hard money lenders were found in Erlanger, KY. In this city, the average loan amount is $726,072. Interest rates on private loans issued to Erlanger borrowers average around 10.7%. The mean loan made in this city has a length of 21 months. The mean points charged on the loans is 3.8%. 74% is the mean loan to value (LTV) for offered by lenders in Erlanger.
Loan Example 1
Luis decides to purchase a lot in Erlanger, KY to construct a house to resell it. On top of the $200,000 price of the lot, Luis estimates he will require around $350,000 in construction expenses to build the home. K & M Investments makes a 65% loan-to-value (LTV) construction loan to Luis in order to complete the project. They agree to a 9% rate of interest for 12 months plus a 5 point origination fee. Luis will collect the construction expenses in draws and there won't be a pre-payment penalty if he repays the loan early. By this deal scenario, Luis will need to pay the following expenses: 1) $192,500 cash down (by the 65% LTV), 2) a $17,875 origination fee ($357,500 loan principle x 5%), and 3) $2,681 monthly payments. After subtracting all expenses, Luis will earn a $169,950 gross profit if he succeeds in his goal of a $770,000 sales price.
Loan Example 2
Alana is a home builder who wants to buy a land plot in Erlanger, KY in order to build a home. Because she does not have the cash to pay for the total purchase, she takes out a new construction hard money loan from Reliance Funding Group with the following terms:
- $200,000 purchase price for the land plot
- $200,000 in construction expenses
- 80% loan to value (LTV)
- 18 month length
- 14% rate of interest
- 4% origination charge
Alana wants to list the house at the end of the term for $520,000. If she achieves her goal, the deal numbers will be as follows:
$520,000 sales price
- $320,000 loan principle (80% LTV)
- $80,000 cash paid at closing (20% on 80% LTV)
- $12,800 origination fee (4% of the $320,000 principle amount)
- $67,200 interest payments (18 months x 14% interest)
= $40,000 net profit
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, ...
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 ...
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. ...
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 ...
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 ...
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 ...
Flip Funding is an asset-based lender in Sacramento, CA providing funding across the US. They provide investment property loans, cash out hard money loans, hard money loans for commercial properties, new construction loans, hard money bridge loans, and ...
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 ...
George Smith Partners
10250 Constellation Blvd, Suite 2700
Los Angeles, CA 90067
(310) 557-8336 Website
George Smith Partners is a Los Angeles, CA based hard money lender. They provide loans all throughout the US. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, short term ...
Miramar Financial Group is a private money lender in Del Mar, CA providing funding across the US. They provide short term fix and flip loans, builder loans, and commercial loans. Their loan guidelines are flexible, including ...
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 ...