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 Greensboro, North Carolina
We found 31 search results for new construction lenders in Greensboro, NC. Loan amounts average around $296,786. The average interest rate for hard money loans in Greensboro is 11.2%. The typical term for loans is 13 months. The average origination fee charged for the loans is 2.6%. Lenders offer on average a 74% loan-to-value (LTV) on deals in Greensboro.
Loan Example 1
Kelley is a real estate investor and decides to acquire a lot in Greensboro, NC and construct a home. The land costs $290,000 and Kelley estimates that the construction costs for the house will be about $350,000. Capable Lending Company issues a 75% loan to value (LTV) construction loan to Kelley in order to complete the transaction. They also agree to a 11% rate of interest for 6 months plus a 5 point origination fee. There will be no pre-payment penalties on the note and construction costs will be paid out in four draws. By this deal scenario, the lender will fund $480,000 of the lot and the construction costs. The borrower will need to pay $160,000 down, a $24,000 origination fee, and $4,400 monthly in interest payments. Kelley 's plan is to sell the new house for $760,000. If she succeeds, she will make a gross profit of $69,600 after subtracting all expenses ($480,000 principle amount, $160,000 cash down, $24,000 origination fee and $26,400 for 6 months of payments).
Loan Example 2
Bianca is an investor and she wants to purchase a home lot in Greensboro, NC to build a home. Because she does not have the cash to fund 100% of the purchase, she takes out a construction private money loan from Prime Time Investment Corporation with these stipulations:
- $300,000 purchase price for the land lot
- $300,000 in building costs
- 85% loan-to-value (LTV)
- 12 month term
- 11% interest rate
- 4% origination fee
Bianca wants to list the project at the end of the term for $720,000. If she achieves her goal, the deal numbers will be as follows:
$720,000 sales price
- $510,000 principle on note (85% LTV)
- $90,000 down payment (15% on 85% LTV)
- $20,400 origination fee (4% of the $510,000 principle amount)
- $56,100 interest payments (12 months x 11% interest)
-----------------------
= $43,500 gross 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. ...
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 ...
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 ...
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 ...
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
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 ...
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 ...
BridgeInvest is a Miami, FL based private money lender who offers loans throughout Georgia, Florida, Texas, and North Carolina. They provide loans for many different scenarios, including fix and flip hard money loans, cash out loans, short term ...
Headquartered in Charlotte, NC, Old North Capital Fund is a private money lender offering loans in North Carolina. They provide lending solutions for many different situations, including fix and flip loans, hard money bridge loans, and construction loans. ...
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 ...
Convisions Capital Group is a Raleigh, NC based hard money lender offering loans throughout Los Angeles. They provide commercial hard money loans, fix-and-flip hard money loans, ground-up construction loans, bridge loans, buy and hold loans, and refinancing. ...
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 ...
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 ...
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 ...
Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Virginia, Maryland, Washington, DC, Delaware, North Carolina, South Carolina, and Pennsylvania. They require minimal upfront capital from their borrowers and ...
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 ...
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 ...
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 ...
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. ...
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, ...
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 ...
LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 12 states throughout the country. They provide commercial loans, construction loans, and fix-and-flip loans, multi-unit (5+) okay. Their loan guidelines are flexible, including rates starting at 7.9% ...
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 ...
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 ...
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 ...
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 ...
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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