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Fayetteville, AR has 16 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
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 ...
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. ...
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 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 ...
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 ...
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. ...
Normandy is a Rochester, NY based private money lender. They provide funding in 39 states throughout the country. They provide ground-up construction loans, long term rental property loans, cash out hard money loans, fix and flip hard money ...
3 J Bar-K is a hard money lender headquartered in Jacksonville, FL offering funding throughout the United States. They provide ground up construction loans, cash out loans, short term loans, fix and flip hard money loans, private commercial loans, ...
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 ...
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 ...
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 ...
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 ...
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 ...
Skyline Home Loans is a private money lender headquartered in Peoria, AZ providing loans across the US. They offer lending solutions for many different situations, including short term fix and flip loans, ground-up construction loans, and rental property ...
Based in Ponte Vedra Beach, FL, SNAP.BUILD is a private lender offering funding all across the United States. They offer lending solutions for many different situations and needs, including buy and hold loans, ground-up construction loans, and short ...
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