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 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
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 ...
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 ...
Normandy is a Rochester, NY based private money lender. They provide funding in 39 states throughout the country. They provide ground-up construction loans, long term rental property loans, cash out hard money loans, fix and flip hard money ...
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 ...
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 ...
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. ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
Based in Ponte Vedra Beach, FL, SNAP.BUILD is a private lender offering funding all across the United States. They offer lending solutions for many different situations and needs, including buy and hold loans, ground-up construction loans, and short ...
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