Indiana New Construction Loans
Indiana has 14 construction hard money lenders serving the state. Loan amounts average about $441,987. Interest rates for private loans average 10.7%. The average loan made in this state is 17 months in length. The average loan includes a 3.5 percent origination fee. The mean loan-to-value (LTV) for loans in Indiana is 74%.
Loan Example 1
Calvin decides to purchase a land lot in Fort Wayne, IN and construct a new house in order to sell it. Calvin thinks the construction expenses will be about $400,000 and the land will cost $230,000. In order to fund the deal, he obtains a new construction loan from Urban Finance Group. They agree to provide a note with a 9% interest rate for 18 months and 4 origination points to be paid when the deal closes. They also agree to fund 55% of the aggregate expenses (the loan to value / "LTV"). There will be no pre-payment penalties on the note and construction expenses will be paid out in three draws. By this deal scenario, Calvin will need to pay the following: 1) $283,500 cash down (by the 55% LTV), 2) a $13,860 origination fee ($346,500 loan principle x 4%), and 3) $2,599 monthly payments. At the end of the loan, Calvin re-sells the project for $750,000. This will make Calvin a $59,363 gross profit after paying off all expenses of the deal ($346,500 principle amount, $283,500 cash at closing, $13,860 origination fee, and $46,778 for 18 months of interest payments).
Loan Example 2
Marion is an investor and wants to buy a lot in Muncie, IN and build a new single family home. Since he does not have the money to fund 100% of the deal, he takes out a new construction private money loan from Blue Door Funding Company with these parameters:
After the project is complete, if Marion lists the property for $680,000, the final numbers will be as follows:
$680,000 sales price
- $467,500 loan principle (85% LTV)
- $82,500 down payment (15% on 85% LTV)
- $23,375 origination fee (5% of the $467,500 principle)
- $56,100 interest payments (18 months x 8% interest)
= $50,525 net profit
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 ...
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. ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
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, ...
Angel Oak Prime Bridge
980 Hammond Drive, Suite 850
Atlanta, GA 30328
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. ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
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
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 ...
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 ...
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 ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
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 ...
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 ...
35 Trenton Ave
Long Beach, NY 11561
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 ...
Baker Collins & Co.
260 Peachtree St, Suite 1002
Atlanta, GA 30303
Baker Collins & Co. is a Private Real Estate Lending Group that provides streamlined, hassle-free lending options to fit the way you invest. Baker Collins & Co. is rated #1 for client satisfaction and is a leading private money financier ...
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 ...
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. ...