Louisiana New Construction Loans
There are 13 search results for new construction hard money lenders offering loans in Louisiana. The average note amount in this state is $446,277. Rates on private loans issued to Louisiana investors average around 10.7%. The average loan issued in the state has a term of 17 months. The mean origination percentage charged for loans is 3.5%. 74% is the median loan to value offered for offered by lenders in Louisiana.
Loan Example 1
Melvin is a home builder and he decides to construct a duplex on a land plot in Bossier City, LA. The plot costs $290,000 and Melvin estimates the construction costs for the project will be approximately $300,000. ABC Lending Group makes a 50% loan-to-value (LTV) construction loan to Melvin so he can complete the deal. They also agree to a 8% rate of interest for 18 months plus a three point origination fee. They will not enforce a pre-payment penalty and they will issue the construction costs in three draws. By this deal scenario, Melvin will be required to contribute the following expenses: 1) $295,000 cash down (based on the 50% LTV), 2) a $8,850 origination fee ($295,000 principle x 3%), and 3) $1,967 monthly payments. At the end of the loan, Melvin sells the home for $850,000. This will net Melvin a $215,750 gross profit after paying off all costs of the deal ($295,000 principle amount, $295,000 cash down, $8,850 origination charges, and $35,400 for 18 months of payment).
Loan Example 2
April is a home builder and decides to build a tri-plex on a land plot in Hammond, LA. She obtains a new construction loan from Presitge Lending Corporation with these parameters:
Based on a projected $620,000 sales price after the 6 months, the numbers for this deal would be as follows:
$620,000 sales price
- $250,000 principle on note (50% LTV)
- $250,000 down payment (50% on 50% LTV)
- $12,500 origination points (5% of the $250,000 principle)
- $15,000 interest payments (6 months x 12% interest)
= $92,500 gross 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, ...
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 ...
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 ...
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 ...
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 ...
Empire Financial Services
PO Box 58804
Tukwilla, WA 98138
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 ...
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. ...