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Maumelle, AR has 19 construction private money lenders offering loans within the city. The median note issued is about $777,292. Interest rates for hard money loans average 11.0%. The average loan issued in the city is 15 months in length. The average note includes a 3.0 point origination cost. Lenders in Maumelle average a 76% loan-to-value (LTV) on their loans.
Angelica is a real estate investor and wants to construct a duplex on a home lot in the River Mountain area of Maumelle, AR. The building costs will be about $300,000 and the plot costs $360,000. She takes out a construction loan from Dynamic Lending Group with the following stipulations: 1) a 18 month note at 14% interest, 2) interest-only payments made every month, 3) 3 origination points at the closing by the borrower, and 4) a 80% loan-to-value (LTV) on the land purchase and the building expenses. There will be no pre-payment penalties on the loan and building expenses will be paid out over three draws. According to this loan scenario, Angelica will be required to contribute the following: 1) $132,000 down (by the 80% LTV), 2) a $15,840 origination charge ($528,000 loan principle x 3%), and 3) $6,160 monthly interest payments. If Angelica sells the project for $990,000 she will make a total profit of $203,280 after re-paying the loan principle and subtracting the origination fee and total interest.
Rene is an investor who decides to construct a house on a home lot in the Rock Creek area of Maumelle, AR. In order to fund the deal, he takes out a construction loan from ABC Lending with these stipulations:
a) A $300,000 sales price for the land, b) $250,000 in construction expenses, c) an 60% loan-to-value (LTV), d) a 18 month term, e) a 10% rate of interest, and f) a 3% origination charge.
After the project is complete, if Rene lists the property for $770,000, the final numbers will be the following:
$770,000 sales price
- $330,000 loan principle (60% LTV)
- $220,000 down payment (40% on 60% LTV)
- $9,900 origination points (3% of the $330,000 principle)
- $49,500 total interest paid (18 months x 10% interest)
-----------------------
= $160,600 net profit
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 $6.6 Billion life-to-date in total loan volume to real estate ...
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 ...
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 ...
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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 ...
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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 ...
20 West Vine Street #575
Lansdale, PA 19446
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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, ...
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. ...
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 ...
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 ...
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 ...
1 Battery Park Plaza, 26th Floor
New York, NY 10004
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. ...
433 Hackensack Avenue, 12th Floor
Hackensack, NJ 07601
Silver Arch Capital is a Hackensack, NJ based hard money lender. They provide loans across the US. They provide new construction loans, refinancing, and hard money loans for commercial properties. They offer terms between 1 ...
741 5th St
Sacramento, CA 95605
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 ...
1990 S. Bundy Drive, Suite 640
Los Angeles, CA 90025
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 ...
14050 N. 83rd Ave. Suite 250
Peoria, AZ 85381
Skyline Home Loans is a private money lender headquartered in Peoria, AZ providing loans across the US. They offer lending solutions for many different situations, including short term fix and flip loans, ground-up construction loans, and rental property ...
P.O. Box 51182
Irvine, CA 92619
National Equity Funding is private money lender based in Irvine, CA. They offer funding throughout the country. They offer fix and flip hard money loans, investment property loans, commercial loans, construction loans, and short term loans. ...
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