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We found 16 records for new construction lenders offering loans in Fort Smith, AR. Note amounts average approximately $335,250. The mean rate for loans in Fort Smith is 10.9%. The typical loan issued in this city is for 13 months. The mean origination fee charged for the loans is 2.4%. Lenders in Fort Smith average a 82% loan to value (LTV) on their deals.
Helen is a real estate investor and wants to acquire a land plot in Fort Smith, AR to build a new house. The building costs will be approximately $250,000 and the land is listed for $190,000. Frontera Funding Corporation makes a 80% loan to value (LTV) construction loan to Helen in order to complete the deal. They also agree to a 10% interest rate for 6 months in addition to a 4 point origination fee. Helen will collect the building expenses in draws and there will be no pre-payment penalty if she pays off the loan early. By this loan scenario, Helen will be required to pay the following expenses: 1) $88,000 cash down (based on the 80% LTV), 2) a $14,080 origination charge ($352,000 principle x 4%), and 3) $2,933 monthly payments. After deducting all expenses, Helen will pocket a $78,320 gross profit if she succeeds in his goal of a $550,000 sales price.
Mario decides to acquire a home lot in Fort Smith, AR and construct a single family home and resell it. To pay for the transaction, he takes out a new construction loan from Big City Investment Group with the following terms:
Based on a projected $740,000 resell after the 12 month term, the numbers for this project will look like this:
$740,000 sales price
- $450,500 note principle (85% LTV)
- $79,500 cash paid at closing (15% on 85% LTV)
- $22,525 origination fee (5% of the $450,500 principle)
- $54,060 interest payments (12 months x 12% interest)
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= $133,415 gross profit
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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 ...
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 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. ...
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 ...
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, ...
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 ...
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. ...
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 ...
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 ...
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
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 ...
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