Iowa New Construction Loans
We found 13 records for construction hard money lenders in Iowa. The median amount loaned in this state is $465,555. The median rate for loans in Iowa is 10.7%. 18 months is the median length for loans made in this state. The mean origination percentage added to loans is 3.6%. The mean loan to value offered for loans in Iowa is 75%.
Loan Example 1
Adrian is an investor in Fort Dodge, IA. He wants to acquire a vacant lot and build a new house. In addition to the $310,000 cost of the land, Adrian approximates he will need about $200,000 in building costs to build the home. In order to pay for the project, he takes a new construction loan from J & T Finance Corporation. They contract to issue a loan with a 8% interest rate for 12 months and 5 origination points paid at the closing. Additionally, they agree to contribute 55% of the cumulative costs (the loan-to-value or "LTV"). There are no pre-payment penalties for the loan and building costs will be paid out over multiple draws. The borrower will need to pay $1,870 per month in loan payments on top of $229,500 down, plus a $14,025 origination charge at closing. After deducting all costs, Adrian will make a $63,535 total profit if he succeeds in his goal of a $610,000 sales price.
Loan Example 2
Sean is a home builder and he wants to buy a land lot in Ankeny, IA and build a new tri-plex. To pay for the deal, he takes a new construction loan from Ocean View Investment Group with the following specifications:
After the construction is complete, if Sean lists the property for $1,060,000, the final numbers will be the following:
$1,060,000 sales price
- $497,000 loan principle (70% LTV)
- $213,000 down payment (30% on 70% LTV)
- $24,850 origination points (5% of the $497,000 principle amount)
- $82,005 total interest paid (18 months x 11% interest)
= $243,145 net profit
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing in Commercial loans, Adaptive Re-use & Construction lines of credit nationwide!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
Global Capital Partners Fund
555 Fifth Avenue, Suite 302
New York, NY 10017
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing nationwide in commercial loans, adaptive re-use, construction lines of credit, ground up construction, fix & flip, & more!
A diverse portfolio ...
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. ...
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Nationwide leading hard money and NON-QM 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 ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
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 ...
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 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 ...
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 ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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 construction loans, ...
American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
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. ...
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 ...