Layla Capital is a direct, private bridge lender headquartered in New York, NY, and focused on making loans all around the East Coast and other major cities throughout the continental U.S. Layla provides loans ranging from $750,000 to $15,000,000 on property ...
New Construction Loans in Flint, Michigan
Flint, MI has 23 construction hard money lenders operating in the city. The mean loan issued to borrowers is approximately $297,188. Rates for private loans average around 10.8%. The average loan issued in the city has a term of 13 months. The average points charged on the loans is 2.7%. Lenders in Flint average a 73% loan to value on their loans.
Loan Example 1
Don is a home builder who wants to build a duplex on a land plot in Flint, MI. On top of the $350,000 cost of the plot, Don expects he will require around $200,000 in construction costs to finish the project. Prosper Funding Group issues a 50% loan to value (LTV) new construction loan to Don so he can fund the deal. They also agree to a 9% interest rate for 18 months in addition to a 5 point origination fee. They agree not to charge a pre-payment penalty and they will issue the construction costs in four draws. The borrower will need to pay $2,063 monthly in interest payments on top of $275,000 down, plus a $13,750 origination charge at closing. Don 's plan is to sell the house for $660,000. If he achieves this, he will pocket a gross profit of $59,125 after subtracting all expenses ($275,000 principle, $275,000 cash down, $13,750 origination fee and $37,125 for 18 months of payments).
Loan Example 2
Brett is a real estate investor and he wants to construct a duplex on a land lot in Flint, MI. He applies for a construction loan from Brown Finance Company with the following specifications:
a) A $160,000 purchase price for the vacant lot, b) $300,000 in building costs, c) an 50% loan-to-value (LTV), d) a 18 month length, e) a 12% rate of interest, and f) a 3 point origination charge.
If Brett succeeds in his goal of a $690,000 sale, the final numbers of the deal will be the following:
$690,000 sales price
- $230,000 note principle (50% LTV)
- $230,000 down payment (50% on 50% LTV)
- $6,900 origination fee (3% of the $230,000 principle)
- $41,400 interest payments (18 months x 12% interest)
= $181,700 net profit
Global Capital Partners
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 ...
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 ...
Creative Hard Money LLC
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 ...
11 Capital Finance
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. ...
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 ...
35 Trenton Ave
Long Beach, NY 11561
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 ...
Global Integrity Finance
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 ...
Sunset Equity Funding
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 ...
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 ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
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 ...
1010 NE 2nd Ave
Miami Beach, FL 33132
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
Island View Private Loan Fund
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 ...
Investor Rehab Funding
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. ...
Red Rock Capital
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 ...
Empire Financial Services
PO Box 58804
Tukwilla, WA 98138
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
Fund That Flip
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 ...
One South Greeley Ave Suite 1b
Chappaqua, NY 10514
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 ...
Miner Capital Funding
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 ...
Edward Voccola & Co
75 Arlington Street, Suite 500
Boston, MA 02116
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
360 CB Capital Funding
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 ...