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Litchfield Park, AZ has 45 new construction lenders in the city. Loan amounts average around $289,584. The median rate for loans in Litchfield Park is 11.4%. The median note issued in this city is for 19 months. The average loan includes a 2.7 percent origination cost. Lenders in Litchfield Park average a 71% loan to value on their loans.
Francine is an investor who decides to construct a house on a land plot in Litchfield Park, AZ. The land is available for $380,000 and Francine estimates that the building costs for the project will be around $400,000. West Shore Investments will loan on the transaction at a 70% loan to value (LTV) with a 12%, 6 month new construction loan with 4 origination points to be paid at closing. Construction fees will be paid out in draws and there will be no pre-payment penalties. By the specifications of the loan, Francine will have to pay $234,000 plus $21,840 in origination fees at closing, then will start making $5,460 monthly payments. At the end of the loan, Francine sells the project for $1,050,000. This will net Francine a $215,400 gross profit after repaying all expenses of the loan ($546,000 principle amount, $234,000 cash at closing, $21,840 origination fee, and $32,760 for 6 months of interest payments).
Brittany wants to purchase a lot in Litchfield Park, AZ and construct a new single family home to resell it for a profit. In order to fund the project, she applies for a new construction loan from Rehabbers Finance Company with the following stipulations:
After the project is finished, if Brittany lists the property for $550,000, the final numbers would be the following:
$550,000 sales price
- $247,000 note principle (65% LTV)
- $133,000 cash paid at closing (35% on 65% LTV)
- $12,350 origination fee (5% of the $247,000 principle amount)
- $14,820 interest payments (6 months x 12% interest)
-----------------------
= $142,830 net profit
Clear Mortgage is a private lender based in Tempe, AZ offering funding in Phoenix. They provide ground-up construction loans, fix and flip hard money loans, hard money loans for commercial properties, investment property loans, hard money bridge loans, ...
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 ...
Bolour Associates is a Beverly Hills, CA based hard money lender. They offer loans throughout Arizona, California, and Texas. They offer loans for a variety of situations and needs, including short term loans, cash out loans, private ...
Lantzman Lending is a San Diego, CA based hard money lender. They provide loans in Arizona, California, and Texas. They offer fix and flip hard money loans, rental property loans, hard money loans for commercial properties, refinancing, ...
RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Utah, Colorado, Ohio, and Hawaii. They offer loans for a variety of situations, including fix-and-flip hard money loans, bridge loans, builder loans, hard ...
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 ...
A&A Funding Corporation is private money lender based in Phoenix, AZ. They provide loans throughout Phoenix. They provide fix-and-flip hard money loans, hard money loans for commercial properties, loans for rental properties, cash out hard money loans, ...
Hard Money Lenders Arizona is a Phoenix, AZ based private money lender who offers loans throughout Phoenix. They offer construction loans, private commercial loans, short term bridge loans, cash out loans, fix and flip hard money loans, and ...
Headquartered in Preston, WA, Pacific Northwest Trust is a private money lender providing funding throughout the following areas: Seattle, Everett, Bellevue, Olympia, Tacoma, Issaquah, Bellingham, Spokane, Portland, and Phoenix. They provide bridge loans, hard money refinancing, construction loans, ...
Broakmark Real Estate Management is a Denver, CO based private money lender who provides loans in Arizona, Texas, Colorado, Wyoming, and Utah. They provide lending solutions for many different needs and situations, including cash out hard money loans, ...
Liberty Financial is a private lender in La Mirada, CA providing loans in California, Washington, Oregon, Nevada, and Arizona. They provide private commercial loans, builder loans, fix-and-flip hard money loans, buy and hold loans, private refinancing, and ...
Based in Scottsdale, AZ, Del Mar Financial & Investments is an asset-based lender providing loans throughout Arizona. They provide private refinancing, hard money construction loans, fix and flip hard money loans, short term loans, commercial hard money loans, ...
Capital Fund 1 is a Scottsdale, AZ based hard money lender who offers funding in Arizona. They provide lending solutions for a variety of situations, including new construction loans, commercial loans, refinancing, investment property loans, short term fix and ...
Headquartered in Scottsdale, AZ, Kenwood Mortgage Investments is a private money lender providing loans throughout Arizona. They provide investment property loans, ground up construction loans, private commercial loans, and fix-and-flip loans. They issue loan amounts ranging ...
Sir Mortgage & Finance is a Phoenix, AZ based private lender who offers loans throughout Arizona. They offer long term rental property loans, new construction loans, hard money loans for commercial properties, and short term fix and flip ...
New Wave Loans is an asset-based lender based in Aventura, FL providing funding throughout New York, Arizona, Illinois, and Florida. They provide lending solutions for a variety of situations, including buy and hold loans, commercial loans, ground up ...
Steeple Rock Funding is a private money lender based in Gilbert, AZ offering funding in Arizona. They offer lending solutions for many different scenarios, including private commercial loans, short term loans, fix-and-flip loans, loans for investments properties, cash out ...
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...
Alternative Financial Services is a Spokane, WA based private lender providing funding throughout Washington, Idaho, Wyoming, and Arizona. They offer loans for many different situations, including fix-and-flip loans, short term bridge loans, construction loans, and private commercial ...
Mortgage Capital & Investment is a Scottsdale, AZ based hard money lender offering loans throughout Arizona. They offer lending solutions for a variety of situations and needs, including short term fix and flip loans, loans for rental properties, commercial ...
Scottsdale Private Lending is a hard money lender in Scottsdale, AZ offering loans throughout Arizona. They provide cash out hard money loans, short term fix and flip loans, hard money bridge loans, loans for rental properties, new construction loans, ...
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
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 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 ...
Barrett Financial Group is private money lender based in Phoenix, AZ. They provide funding in Arizona. They provide fix-and-flip hard money loans, commercial loans, loans for investments properties, and ground-up construction loans. They offer ...
Hanson Capital Group is a Phoenix, AZ based private lender who provides funding in Arizona, California, Texas, Florida, and Washington. They offer loans for many different needs and situations, including loans for rental properties, fix and flip loans, ...
Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial ...
Headquartered in Mesa, AZ, Hard Money Loan Service is a hard money lender providing loans in Arizona. They offer ground-up construction loans, short term loans, commercial loans, fix-and-flip hard money loans, and rental property loans. They provide ...
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
Lead Funding is a private money lender in Castle Rock, CO offering funding in Arizona, Colorado, Texas, and Washington. They offer lending solutions for many different scenarios, including private refinancing, fix-and-flip hard money loans, and hard money ...
Based in Greenwood Village, CO, Merchants Mortgage & Trust Corporation is a private lender providing loans in 9 states throughout the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial ...
CalCap Financial is a hard money lender headquartered in Pasadena, CA providing loans throughout California, Arizona, Washington, and Colorado. They offer loans for investments properties, fix and flip hard money loans, cash out hard money loans, and ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
Legacy Group Capital is private money lender headquartered in Bellevue, WA. They offer funding in Washington, Idaho, Arizona, and Oregon. They provide loans for a variety of scenarios, including commercial hard money loans, short term fix ...
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US. They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...
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 ...
Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country. They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans. Their loan guidelines ...
Caroline Lending LLC is a Houston, TX based hard money lender. They provide funding all throughout the US. They provide loans for a variety of needs and situations, including short term fix and flip loans, ground up construction ...
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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