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 Leesville, Louisiana
Leesville, LA has 20 construction private money lenders operating within the city. The mean amount for loans is $417,917. Interest rates on private loans made to Leesville investors average around 11.3%. The average note issued in the city is for 22 months. The average origination percentage charged on the loans is 3.3%. Lenders in Leesville average a 73% LTV on their deals.
Loan Example 1
Lara is a builder in Leesville, LA. She wants to buy a home lot and construct a new house. Lara estimates the building costs will be about $250,000 and the land will cost $270,000. In order to fund the deal, she takes out a new construction loan from Progressive Lending . They contract to make a note with a 13% rate of interest for 6 months and two origination points to be paid when the deal closes. They also agree to fund 65% of the cumulative costs (the loan to value / "LTV"). Lara will collect the building costs in draws and there won't be a pre-payment penalty if she pays off the note before it expires. Given this loan scenario, Lara will need to contribute the following: 1) $182,000 cash down (by the 65% LTV), 2) a $6,760 origination charge ($338,000 principle x 2%), and 3) $3,662 monthly interest payments. At the end of the loan, Lara sells the project for $650,000. This will make Lara a $101,270 total profit after paying back all costs of the loan ($338,000 principle, $182,000 cash down, $6,760 origination fee, and $21,970 for 6 months of interest payments).
Loan Example 2
Eleanor is a real estate investor in Leesville, LA. She decides to purchase a vacant lot to build a new single family home. In order to pay for the transaction, she applies for a construction loan from Blue Square Lending Group with these specifications:
a) A $340,000 purchase price for the vacant lot, b) $400,000 in construction costs, c) an 50% loan to value (LTV), d) a 18 month length, e) a 13% interest rate, and f) a 5 point origination charge.
Eleanor plans to sell the property when the note expires for $880,000. If she achieves her goal, the deal numbers will be the following:
$880,000 sales price
- $370,000 principle on note (50% LTV)
- $370,000 cash paid at closing (50% on 50% LTV)
- $18,500 origination points (5% of the $370,000 principle)
- $72,150 interest payments (18 months x 13% interest)
-----------------------
= $49,350 net profit
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, ...
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 ...
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 ...
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 ...
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
BSIP Capital is a Temple, TX based hard money lender. They offer loans throughout the country. They provide lending solutions for a variety of needs and situations, including commercial loans, hard money refinancing, long term rental property loans, ...
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
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