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 Greencastle, Indiana
We found 20 search results for new construction lenders operating in Greencastle, IN. In this city, the average amount for loans is $372,667. The average rate for hard money loans in Greencastle is 10.5%. 19 months is the average term for notes issued in the city. The average note includes a 2.7 point origination cost. 74% is the mean LTV for for loans in Greencastle.
Loan Example 1
Gabrielle decides to buy a home lot in Greencastle, IN and build a new duplex to re-sell it for a profit. The lot costs $250,000 and Gabrielle expects that the building costs for the project will be around $300,000. In order to pay for the deal, she takes out a new construction loan from Big Money Funding Company . They contract to make a loan with a 12% rate of interest for 6 months and three origination points to be paid at the closing. Additionally, they agree to loan 65% of the aggregate costs (the loan-to-value / "LTV"). They will not enforce a pre-payment penalty and they will contribute the building costs in several draws. According to the rules of this loan, Gabrielle will have to pay $192,500 plus $10,725 in origination costs at the closing, then will begin making $3,575 per month payments. Gabrielle 's plan is to sell the new house for $680,000. If she succeeds, she will earn a gross profit of $97,825 after subtracting all expenses ($357,500 principle, $192,500 cash down, $10,725 origination charges and $21,450 for 6 months of interest payments).
Loan Example 2
Lorrie is a builder in Greencastle, IN. She wants to acquire a land lot and build a new house. Since she doesn't have the money to pay for the full project, she takes out a construction private money loan from Cordial Funding Group with these specifications:
a) A $380,000 sales price for the vacant plot, b) $250,000 in construction costs, c) an 70% loan-to-value (LTV), d) a 18 month term, e) a 12% interest rate, and f) a 5% origination charge.
Based on a projected $940,000 resell after the 18 month term, the numbers for this deal will be as follows:
$940,000 sales price
- $441,000 principle on note (70% LTV)
- $189,000 down payment (30% on 70% LTV)
- $22,050 origination points (5% of the $441,000 principle amount)
- $79,380 interest payments (18 months x 12% interest)
-----------------------
= $208,570 total profit
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
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. ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Huntington Coast Capital is hard money lender based in Huntington Beach, CA. They offer loans throughout the country. They offer short term loans, cash out hard money loans, commercial loans, and builder loans. They offer ...
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