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 Maumelle, Arkansas
Maumelle, AR has 17 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.
Loan Example 1
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.
Loan Example 2
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
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 ...
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 ...
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, ...
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. ...
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 ...
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 ...
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 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 ...
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. ...
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 ...
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 ...
BSIP Capital is a Temple, TX based hard money lender. They offer loans throughout the country. They provide lending solutions for a variety of needs and situations, including commercial loans, hard money refinancing, long term rental property loans, ...
Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are versatile, including ...
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