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 Fort Mill, South Carolina
A total of 30 records for construction private money lenders were found in Fort Mill, SC. In this city, the average note amount is $285,556. Interest rates for loans average around 11.2%. The median loan issued in the city is for 16 months. The average origination percentage added to the loans is 3.0%. 74% is the mean loan to value (LTV) for offered by lenders in Fort Mill.
Loan Example 1
Kathy wants to purchase a vacant lot in Fort Mill, SC to construct a new house in order to resell it. Kathy expects that the construction costs will be approximately $400,000 and the plot is listed for $390,000. She takes a construction loan from Brook View Investment Corporation with these terms: 1) a 18 month note at 12% interest, 2) interest only payments made each month, 3) 2 origination points at closing by the borrower, and 4) a 60% loan-to-value (LTV) on both the land purchase and the construction costs. They will not assess a pre-payment penalty and they will pay out the construction costs in multiple draws. By the specifications of the loan, Kathy will be required to pay $316,000 plus $9,480 in origination costs at closing, then will start making $4,740 per month payments. After deducting all costs, Kathy will make a $255,200 total profit if she succeeds in his goal of a $1,140,000 sales price.
Loan Example 2
Juanita decides to purchase a lot in Fort Mill, SC and construct a tri-plex and re-sell it. Because she does not have the cash to fund the total purchase, she applies for a construction private money loan from Suburban Finance Group with the following terms:
- $370,000 purchase price for the vacant lot
- $250,000 in construction costs
- 50% loan to value (LTV)
- 18 month term
- 8% rate of interest
- 2% origination charge
After the building project is finished, if Juanita lists the house for $860,000, the final numbers would be the following:
$860,000 sales price
- $310,000 note principle (50% LTV)
- $310,000 cash paid at closing (50% on 50% LTV)
- $6,200 origination fee (2% of the $310,000 principle amount)
- $37,200 total interest paid (18 months x 8% interest)
-----------------------
= $196,600 total profit
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...
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 ...
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 ...
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 ...
In The Black Commercial Finance is a Charlotte, NC based hard money lender providing loans in Charlotte. They provide ground up construction loans and commercial loans. They offer rates starting at 3.75% , loan amounts ranging ...
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 ...
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 ...
Straightline Funding is an Atlanta, GA based private lender. They provide loans throughout Alabama, Georgia, Illinois, North Carolina, and South Carolina. They provide bridge loans, loans for investments properties, new construction loans, cash out loans, fix and ...
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 ...
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. ...
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 ...
LendingHQ
Charleston, SC
LendingHQ is a Charleston, SC based private lender offering loans throughout Georgia, South Carolina, and North Carolina. They offer lending solutions for many different situations and needs, including fix and flip hard money loans, commercial loans, and ...
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 ...
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 ...
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
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 ...
LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 8 states throughout the country. They provide commercial loans, hard money construction loans, and fix-and-flip loans. Their loan guidelines are flexible, including ...
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 ...
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
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 ...
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 ...
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 ...
Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US. They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans. ...
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 ...
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 ...
Capital Funding Corporation is a Los Angeles, CA based private lender. They offer loans all throughout the United States. They offer ground-up construction loans and commercial loans. They offer loan amounts ranging from $3,000,000 to $50,000,000 ...
Caroline Lending LLC is a Houston, TX based hard money lender. They provide funding all throughout the US. They provide loans for a variety of needs and situations, including short term fix and flip loans, ground up construction ...
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