Montana New Construction Loans
Montana has 12 construction hard money lenders offering loans in the state. The average loan amount in the state is $494,875. Rates for loans average 10.8%. The mean loan made in the state is 18 months in length. A typical loan made in the state includes a 3.5 percent origination charge. Lenders offer on average a 74% loan-to-value (LTV) on deals in Montana.
Loan Example 1
Randall is a builder who wants to construct a duplex on a lot in Kalispell, MT. The land is listed for $300,000 and Randall expects that the construction costs for the new house will be approximately $150,000. In order to pay for the project, he takes a construction loan from Superior Investment Corporation. They contract to make a loan with a 8% rate of interest for 12 months and 3 origination points paid at the closing. Additionally, they agree to fund 50% of the aggregate costs (the loan to value or "LTV"). Randall will receive the construction costs in draws and there won't be a pre-payment penalty if he pays off the loan before it expires. By this deal scenario, the lender will fund $225,000 of the purchase and the construction costs. The borrower will need to pay $225,000 down, a $6,750 origination charge, and $1,500 per month in interest payments. After subtracting all costs, Randall will earn a $125,250 total profit if he achieves his goal of a $600,000 sales price.
Loan Example 2
Matthew is a home builder in Bozeman, MT. He decides to purchase a lot and build a new duplex. Because he doesn't have enough cash to fund the full transaction, he obtains a construction private money loan from Mountain Rock Funding Group with these terms:
Based on a projected $370,000 re-sell after the 6 month term, the numbers for this deal will look like this:
$370,000 sales price
- $186,000 principle on note (60% LTV)
- $124,000 cash paid at closing (40% on 60% LTV)
- $3,720 origination points (2% of the $186,000 principle)
- $12,090 interest payments (6 months x 13% interest)
= $44,190 net 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. ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Taylor Derrick Capital
357 W 200 S #200
Salt Lake City, UT 84101
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...