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 Little Falls, Minnesota
A total of 18 records for new construction hard money lenders were found in Little Falls, MN. The average amount loaned in this city is $491,250. The average rate for private loans in Little Falls is 10.5%. The average term for loans is 16 months. The average loan made in this city includes a 5.3 percent origination cost. 72% is the typical loan to value (LTV) for for loans in Little Falls.
Loan Example 1
Simone is a builder who wants to build a home on a vacant lot in Little Falls, MN. Simone estimates that the construction expenses will be about $350,000 and the land costs $350,000. In order to fund the transaction, she takes out a construction loan from Trust Finance . They contract to issue a loan with a 10% rate of interest for 18 months and 2 origination points paid at closing. Additionally, they agree to fund 75% of the total expenses (the loan-to-value / "LTV"). They agree not to assess a pre-payment penalty and they will fund the construction expenses in multiple draws. By this loan scenario, Simone will need to pay the following: 1) $175,000 down (by the 75% LTV), 2) a $10,500 origination charge ($525,000 loan principle x 2%), and 3) $4,375 monthly interest payments. After subtracting all expenses, Simone will make a $120,750 gross profit if she achieves his goal of a $910,000 sales price.
Loan Example 2
Elisa is a home builder who wants to construct a single family home on a land lot in Little Falls, MN. In order to pay for the project, she applies for a construction loan from Presitge Investment Company with these terms:
a) A $240,000 sales price for the vacant plot, b) $300,000 in building expenses, c) an 65% loan to value (LTV), d) a 6 month length, e) a 10% rate of interest, and f) a 2 point origination charge.
If Elisa succeeds in her goal of a $750,000 sales price, the final numbers of the deal would be as follows:
$750,000 sales price
- $351,000 loan principle (65% LTV)
- $189,000 down payment (35% on 65% LTV)
- $7,020 origination points (2% of the $351,000 principle amount)
- $17,550 interest payments (6 months x 10% interest)
-----------------------
= $185,430 gross profit
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. ...
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 ...
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 ...
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
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 ...
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 ...
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 ...
George Smith Partners is a Los Angeles, CA based hard money lender. They provide loans all throughout the US. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, short term ...
Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States. They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...
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 ...
Commonwealth Equity Funding is an asset-based lender in Boston, MA providing loans throughout the US. They provide fix and flip hard money loans, commercial loans, ground up construction loans, and bridge loans. Their loan guidelines are versatile, ...
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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