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Fayetteville, AR has 19 construction hard money lenders serving the city. The median amount loaned in the city is $471,591. Rates on loans made to Fayetteville investors average about 11.1%. The typical length for notes is 18 months. The mean origination fee for loans is 3.1 percent. Lenders offer on average a 75% loan-to-value (LTV) on hard money loans in Fayetteville.
Justine is a real estate investor and decides to build a tri-plex on a home lot in Fayetteville, AR. On top of the $400,000 price of the land, Justine estimates she will require around $200,000 in construction expenses to complete the project. Prime Time Finance Group issues a 70% loan-to-value (LTV) new construction loan to Justine in order to fund the project. They agree to a 12% interest rate for 18 months in addition to a 3 point origination fee. They will not assess a pre-payment penalty and they will fund the construction expenses in multiple draws. The borrower will be required to pay $4,200 per month in interest payments on top of $180,000 down, plus a $12,600 origination charge at closing. When the loan expires, Justine re-sells the project for $780,000. This will make Justine a $91,800 net profit after paying off all expenses of the loan ($420,000 principle, $180,000 cash down, $12,600 origination charges, and $75,600 for 18 months of interest payments).
Carmen is a home builder who wants to purchase a home lot in Fayetteville, AR in order to construct a house. She takes out a construction loan from Victory Investment Company with the following terms:
a) A $330,000 sales price for the vacant lot, b) $150,000 in construction costs, c) an 50% loan-to-value (LTV), d) a 18 month term, e) a 13% interest rate, and f) a 4% origination fee.
If Carmen succeeds in her goal of a $720,000 sale, the final numbers of the deal will be as follows:
$720,000 sales price
- $240,000 principle (50% LTV)
- $240,000 cash paid at closing (50% on 50% LTV)
- $9,600 origination fee (4% of the $240,000 principle amount)
- $46,800 interest payments (18 months x 13% interest)
-----------------------
= $183,600 net profit
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and the ability to tailor financing options to a client's individual needs have made Global Capital Partners a household name in New York's commercial lending industry. Global Capital Partners has 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 ...
741 5th St
Sacramento, CA 95605
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 ...
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 ...
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 ...
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. ...
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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, ...
321 N Central Expressway, Suite 360
McKinney, TX 75070
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 ...
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
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 ...
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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. ...
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 ...
3435 Wilshire #1840
Los Angeles, CA 90010
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 ...
433 Hackensack Avenue, 12th Floor
Hackensack, NJ 07601
Silver Arch Capital is a Hackensack, NJ based hard money lender. They provide loans across the US. They provide new construction loans, refinancing, and hard money loans for commercial properties. They offer terms between 1 ...
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 ...
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 ...
5605 Riggins Ct #201
Reno, NV 89502
Epic Capital Solutions is a Reno, NV based private money lender. They provide loans across the country. They offer short term fix and flip loans, commercial loans, hard money bridge loans, cash out loans, and builder loans. ...
275 East Street Road, Suite A
Feasterville Trevose, PA 19053
MCG is a hard money lender based in Feasterville Trevose, PA providing loans across the US. They provide hard money loans for commercial properties, refinancing, short term bridge loans, and builder loans. They ...
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