Missouri New Construction Loans
There are 14 construction hard money lenders offering loans in Missouri. The average note issued is approximately $302,999. The average interest rate for hard money loans in Missouri is 10.7%. The typical note issued in this state has a term of 12 months. The average loan issued in this state carries a 2.8 point origination fee. Lenders offer on average a 73% loan-to-value on deals in Missouri.
Loan Example 1
Adam is an investor and decides to construct a home on a home lot in St Charles, MO. The building costs will be approximately $350,000 and the land will cost $300,000. GJ Funding Company will loan on the project at a 60% loan to value (LTV) with a 11%, 12 month construction loan with 5 origination points paid at closing. Construction fees are to be paid out in draws and there will be no pre-payment penalties. By this deal scenario, the lender will contribute $390,000 of the land and building expenses. The borrower will need to pay $260,000 down, a $19,500 origination fee, and $3,575 monthly in note payments. At the end of the loan, Adam sells the home for $840,000. This will net Adam a $127,600 net profit after repaying all expenses of the deal ($390,000 principle, $260,000 cash at closing, $19,500 origination fee, and $42,900 for 12 months of interest payments).
Loan Example 2
Jewel is a builder in St Joseph, MO. She wants to acquire a home lot and build a new house. She gets a new construction loan from Pretty Perfect Investment Company with these specifications:
After the project is complete, if Jewel lists the house for $510,000, the final numbers would be as follows:
$510,000 sales price
- $258,000 principle (60% LTV)
- $172,000 cash paid at closing (40% on 60% LTV)
- $5,160 origination fee (2% of the $258,000 principle)
- $14,190 interest payments (6 months x 11% interest)
= $60,650 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. ...
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 ...
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 ...
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 ...
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 ...
Merchants Mortgage & Trust Corporation
7400 E Crestline Cir #250
Greenwood Village, CO 80111
Based in Greenwood Village, CO, Merchants Mortgage & Trust Corporation is a private lender providing loans in 9 states throughout the U.S. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial ...
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 ...
1010 NE 2nd Ave
Miami Beach, FL 33132
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
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 ...
1101 W Mineral Ave. #101
Littleton, CO 80120
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
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. ...
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 ...