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 Harrison, Arkansas
Harrison, AR has 18 new construction lenders offering loans within the city. In this city, the mean amount for loans is $389,375. Rates for private loans average around 10.8%. The median length offered for notes is 14 months. The mean origination fee charged on the loans is 2.9%. Lenders in Harrison average a 74% loan to value (LTV) on their deals.
Loan Example 1
Robyn wants to acquire a lot in Harrison, AR and build a duplex and re-sell it. On top of the $280,000 cost of the lot, Robyn approximates she will need about $200,000 in building expenses to finish the home. To fund the transaction, she obtains a construction loan from Oceanside Funding Company . They contract to provide a loan with a 9% rate of interest for 18 months and 4 origination points paid when the deal closes. Additionally, they agree to fund 85% of the aggregate expenses (the loan-to-value or "LTV"). Robyn is to collect the building expenses in draws and there will be no pre-payment penalty if she pays off the loan before the 18 months is over. The borrower will be required to pay $3,060 monthly in loan payments on top of $72,000 down, plus a $16,320 origination fee at the closing. If Robyn then sells the house for $720,000 she will make a total profit of $168,600 after paying pack the loan principle and subtracting the origination points and total interest.
Loan Example 2
Marion decides to acquire a home lot in Harrison, AR and construct a new house to resell it for a profit. To pay for the project, he takes a construction loan from Mountain Rock Investment Company with the following specifications:
- $330,000 sales price for the vacant lot
- $350,000 in construction expenses
- 80% loan-to-value (LTV)
- 6 month length
- 9% interest rate
- 3% origination fee
After the construction is complete, if Marion lists the house for $950,000, the final numbers would be as follows:
$950,000 sales price
- $544,000 principle on note (80% LTV)
- $136,000 down payment (20% on 80% LTV)
- $16,320 origination fee (3% of the $544,000 principle amount)
- $24,480 total interest paid (6 months x 9% interest)
-----------------------
= $229,200 net profit
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 ...
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 ...
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. ...
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 ...
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money 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 ...
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 ...
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 ...
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 ...
Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans. They provide rates ...
Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...
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 ...
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 ...
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 ...
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