Mississippi New Construction Loans
We found 12 search results for construction private money lenders in Mississippi. The average note amount is $457,902. The average rate for loans in Mississippi is 10.7%. The typical term for loans is 17 months. The mean origination for loans is 3.5 points. 75% is the mean loan-to-value for offered by lenders in Mississippi.
Loan Example 1
Anita is an investor in Canton, MS. She wants to acquire a home lot and build a new tri-plex. Anita estimates the building expenses will be around $150,000 and the lot will cost $280,000. To pay for the deal, she takes a new construction loan from Trust Lending Company. They agree to make a note with a 14% interest rate for 12 months and 2 origination points to be paid when the deal closes. Additionally, they agree to fund 75% of the cumulative expenses (the loan to value or "LTV"). Construction costs will be paid in multiple draws and there are no pre-payment penalties charged. The borrower will be required to pay $3,763 monthly in note payments on top of $107,500 down, plus a $6,450 origination fee at the closing. If Anita then sells the property for $510,000 she will make a gross profit of $28,400 after paying pack the principle amount and deducting the origination expense and total interest.
Loan Example 2
Brooke is a home builder and wants to acquire a home lot in Clinton, MS in order to construct a tri-plex. Because she doesn't have enough money to fund 100% of the purchase, she applies for a construction private money loan from Blue Mountain Finance Company with these parameters:
Based on a projected $850,000 re-sell after the 12 months, the numbers for this deal will look like this:
$850,000 sales price
- $472,000 note principle (80% LTV)
- $118,000 down payment (20% on 80% LTV)
- $18,880 origination fee (4% of the $472,000 principle)
- $66,080 interest payments (12 months x 14% interest)
= $175,040 gross profit
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing in Commercial loans, Adaptive Re-use & Construction lines of credit nationwide!
"WE LEND YOU GROW" Nationwide Premiere Lender. We offer fix and flips at 100% purchase, 100% rehab with 65% ARV. We specialize in all types of loans and have the lowest rates & flexible terms!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $500k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
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. ...
Global Capital Partners Fund
555 Fifth Avenue, Suite 302
New York, NY 10017
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing nationwide in commercial loans, adaptive re-use, construction lines of credit, ground up construction, fix & flip, & more!
A diverse portfolio ...
Angel Oak Prime Bridge
980 Hammond Drive, Suite 850
Atlanta, GA 30328
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
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 ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
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 ...
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 ...
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 ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
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. ...
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 ...