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A total of 13 results for construction private money lenders were found in Fargo, ND. In this city, the mean amount loaned is $356,250. The mean rate for loans in Fargo is 10.8%. The typical loan made in this city has a length of 19 months. The average origination fee for loans is 3.8 points. 73% is the average LTV for offered by lenders in Fargo.
Ray is a home builder and he decides to buy a land lot in Fargo, ND to construct a single family home. On top of the $220,000 price of the lot, Ray expects he will need around $250,000 in building expenses to complete the house. Fair View Investment Company will contribute to the project at a 65% loan to value (LTV) with a 14%, 12 month new construction loan with two origination points paid at closing. There will be no pre-payment penalties for the deal and building expenses will be paid in a few draws. According to the specifications of this loan, Ray will be required to fund $164,500 plus $6,110 in origination fees at closing, then will begin making $3,564 monthly payments. Ray's goal is to sell the new home for $650,000. If he achieves this, he will make a net profit of $131,120 after subtracting all costs ($305,500 principle amount, $164,500 cash down, $6,110 origination charges and $42,770 for 12 months of interest payments).
Latonya is a home builder in Fargo, ND. She wants to buy a home lot and construct a new duplex. She applies for a construction loan from Red City Finance Group with these specifications:
Latonya plans to sell the house when the note expires for $820,000. If she achieves her goal, the final numbers will be as follows:
$820,000 sales price
- $472,000 note principle (80% LTV)
- $118,000 down payment (20% on 80% LTV)
- $23,600 origination fee (5% of the $472,000 principle)
- $63,720 total interest paid (18 months x 9% interest)
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= $142,680 total profit
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 ...
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 $6.6 Billion life-to-date in total loan volume to real estate ...
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
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. ...
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 ...
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 ...
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 ...
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. ...
79 Madison Ave, 7th Floor
New York, NY 10016
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 ...
670 Montauk Highway
Water Mill, NY 11976
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 ...
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 ...
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 ...
450 Skokie Blvd Suite 600-604
Northbrook, IL 60062
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 ...
711 Westchester Avenue, Suite 202
White Plains, NY 10604
360 CB Capital Funding is a White Plains, NY based hard money lender. They provide funding all across the US. They provide ground up construction loans, short term loans, long term rental property loans, cash out loans, fix ...
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