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 Heber Springs, Arkansas
A total of 18 records for construction private money lenders were found in Heber Springs, AR. Note amounts average around $304,808. The median rate for private loans in Heber Springs is 10.0%. The typical term offered for notes is 18 months. The average loan includes a 2.5 percent origination fee. 75% is the mean loan-to-value offered for for loans in Heber Springs.
Loan Example 1
James wants to acquire a vacant lot in Heber Springs, AR to construct a house and resell it. The plot costs $150,000 and James estimates the building costs for the new house will be about $250,000. In order to fund the project, he applies for a new construction loan from Redwood Investment Corporation . They agree to issue a loan with a 12% interest rate for 12 months and three origination points to be paid at closing. They also agree to contribute 85% of the cumulative costs (the loan-to-value or "LTV"). There will be no pre-payment penalties on the note and building costs will be paid out over multiple draws. According to the rules of the loan, James will have to pay $60,000 plus $10,200 in origination costs at closing, then will begin making $3,400 per month payments. After deducting all costs, James will earn a $149,000 gross profit if he succeeds in his goal of a $600,000 sales price.
Loan Example 2
Rosalinda is a builder in Heber Springs, AR. She decides to acquire a home lot to build a new single family home. In order to pay for the deal, she applies for a new construction loan from West End Lending Corporation with these stipulations:
- $290,000 sales price for the land lot
- $250,000 in construction expenses
- 80% loan-to-value (LTV)
- 6 month term
- 11% rate of interest
- 3% origination charge
Rosalinda intends to sell the property when the note expires for $640,000. If she succeeds, the final numbers will be the following:
$640,000 sales price
- $432,000 loan principle (80% LTV)
- $108,000 down payment (20% on 80% LTV)
- $12,960 origination fee (3% of the $432,000 principle amount)
- $23,760 total interest paid (6 months x 11% interest)
-----------------------
= $63,280 gross 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 ...
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, ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Commonwealth Equity Funding is an asset-based lender in Boston, MA providing loans throughout the US. They provide fix and flip hard money loans, commercial loans, ground up construction loans, and bridge loans. Their loan guidelines are versatile, ...
National Equity Funding is private money lender based in Irvine, CA. They offer funding throughout the country. They offer fix and flip hard money loans, investment property loans, commercial loans, construction loans, and short term loans. ...
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