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New Construction Loans in Hot Springs National Park, Arkansas
There are 19 new construction hard money lenders operating in Hot Springs National Park, AR. The average loan issued to borrowers is about $449,792. The average interest rate for hard money loans in Hot Springs National Park is 11.2%. The average length offered for notes is 15 months. The mean origination fee for loans is 3.1 percent. Lenders in Hot Springs National Park average a 75% loan-to-value (LTV) on their loans.
Loan Example 1
Sheila is an investor in Hot Springs National Park, AR. She wants to acquire a land lot to build a new house. Along with the $320,000 cost of the land, Sheila thinks she will have about $350,000 in building costs to build the home. River View Lending Group will loan on the deal at a 55% loan to value (LTV) with a 12%, 6 month new construction loan with 3 origination points to be paid when the deal closes. They agree not to charge a pre-payment penalty and they will contribute the building costs in multiple draws. According to this deal scenario, Sheila will need to fund the following: 1) $301,500 cash down (based on the 55% LTV), 2) a $11,055 origination charge ($368,500 principle x 3%), and 3) $3,685 monthly payments. Sheila's goal is to sell the house for $800,000. If she achieves this, she will pocket a total profit of $96,835 after deducting all expenses ($368,500 principle amount, $301,500 cash down, $11,055 origination charges and $22,110 for 6 months of payments).
Loan Example 2
Vivian is a home builder who decides to buy a land lot in Hot Springs National Park, AR to build a home. She applies for a new construction loan from Evergreen Funding Company with the following parameters:
a) A $370,000 purchase price for the vacant plot, b) $200,000 in building costs, c) an 65% loan to value (LTV), d) a 18 month length, e) a 9% rate of interest, and f) a 2% origination charge.
Vivian plans to sell the project when the note expires for $680,000. If she succeeds, the deal numbers will be the following:
$680,000 sales price
- $370,500 note principle (65% LTV)
- $199,500 cash paid at closing (35% on 65% LTV)
- $7,410 origination points (2% of the $370,500 principle)
- $50,018 total interest paid (18 months x 9% interest)
-----------------------
= $52,573 total profit
Sharestates
11 Middle Neck Road Suite 314
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Global Capital Partners
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and theability to tailor financing options to a client's individual needs have made Global CapitalPartners a household name in New York's commercial lending industry. Global Capital Partnershas long provided ...
Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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 $7.1 Billion life-to-date in total loan volume to real estate investors. ...
Sunset Equity Funding
3435 Wilshire #1840
Los Angeles, CA 90010
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 ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
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 their own ...
Stratton Equities
100 Lanidex Plaza
Parsippany, NJ 07054
Stratton Equities is the Nationwide leading hard money lender. We are passionate about helping small business owners, contractors, and Real Estate investors, swiftly and efficiently finance their investment goals. We customize our hard money loan programs for each unique project ...
Primeau Funding
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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 ...
Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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 ...
11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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. ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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, ...
Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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. ...
George Smith Partners
10250 Constellation Blvd, Suite 2700
Los Angeles, CA 90067
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 ...
Meridian Capital Group
1 Battery Park Plaza, 26th Floor
New York, NY 10004
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. ...
Aspen Capital Funding
9400 SW Beaverton-Hillsdale Hwy, Suite 131
Beaverton, OR 97005
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 ...
Rodeo Capital Inc
11601 Wilshire Blvd. Suite 2410
Los Angeles, CA 90025
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 ...
Custom Mortgage
16501 VENTURA BLVD, Suite 400
Encino, CA 91436
Custom Mortgage is private lender headquartered in Encino, CA. They offer funding throughout the US. They offer hard money loans for commercial properties, loans for investments properties, fix-and-flip loans, cash out hard money loans, bridge loans, ...
Commonwealth Equity Funding
12 Ericsson Street
Boston, MA 02122
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, ...
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