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 Marion, Arkansas
Marion, AR has 17 construction hard money lenders issuing loans in the city. In this city, the median amount for loans is $401,786. The median rate for hard money loans in Marion is 10.0%. 21 months is the median length for notes issued in this city. A typical hard money loan made in the city carries a 5.6 percent origination fee. Lenders in Marion average a 76% loan to value on their loans.
Loan Example 1
Derrick is a home builder in Marion, AR. He wants to purchase a land lot to construct a new single family home. The building costs will be approximately $350,000 and the lot is listed for $190,000. Green Square Investment Company will loan on the transaction at a 75% loan-to-value (LTV) with a 10%, 6 month new construction loan with two origination points paid at the closing. Construction fees are to be paid out in draws and there will be no pre-payment penalties charged. The borrower will need to pay $3,375 per month in interest payments on top of $135,000 down, plus a $8,100 origination fee at closing. Derrick 's intent is to sell the new home for $700,000. If he achieves this, he will make a net profit of $131,650 after deducting all costs ($405,000 principle amount, $135,000 cash down, $8,100 origination fee and $20,250 for 6 months of payments).
Loan Example 2
Jon is a home builder who wants to build a duplex on a land lot in Marion, AR. Since he does not have enough cash to fund the full project, he takes out a new construction hard money loan from South Shore Lending with these terms:
- $390,000 purchase price for the land lot
- $350,000 in construction expenses
- 70% loan-to-value (LTV)
- 12 month length
- 14% rate of interest
- 5% origination charge
After the project is complete, if Jon lists the house for $960,000, the final numbers would be the following:
$960,000 sales price
- $518,000 principle on note (70% LTV)
- $222,000 cash paid at closing (30% on 70% LTV)
- $25,900 origination points (5% of the $518,000 principle)
- $72,520 interest payments (12 months x 14% interest)
= $121,580 net profit
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
1345 Avenue Of The Americas, 2nd Floor
New York, NY 10105
(800) 514-7350 Website
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 ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75070
(214) 548-5190 Website
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 ...
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 ...
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 ...
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 ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
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 ...
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. ...
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, ...
Aspen Capital Funding
9400 SW Beaverton-Hillsdale Hwy, Suite 131
Beaverton, OR 97005
(503) 295-5800 Website
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 ...
Brisco Funding is an asset-based lender in Chappaqua, NY providing funding throughout the US. They offer lending solutions for many different situations and needs, including construction loans, buy and hold loans, short term loans, and short term fix ...
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. ...
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 ...
MCG is a hard money lender based in Feasterville Trevose, PA providing loans across the US. They provide hard money loans for commercial properties, refinancing, short term bridge loans, and builder loans. They ...
Finance of America Commercial
4201 Congress Street, Suite 475
Charlotte, NC 28209
(704) 817-4900 Website
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 ...