Nebraska New Construction Loans
Nebraska has 13 new construction lenders issuing loans in the state. Loan amounts average around $449,209. Rates on loans issued to Nebraska investors average around 10.7%. 18 months is the average length for notes issued in this state. The mean origination fee applied to loans is 3.5%. Lenders typically offer a 75% loan to value on loans in Nebraska.
Loan Example 1
Tracey is a real estate investor and decides to construct a duplex on a vacant lot in Hastings, NE. Tracey estimates that the building costs will be about $250,000 and the lot will cost $300,000. In order to pay for the deal, she applies for a construction loan from Friendly Lending Corporation. They contract to provide a loan with a 10% interest rate for 6 months and 5 origination points paid when the deal closes. They also agree to contribute 75% of the total costs (the loan-to-value or "LTV"). They will not charge a pre-payment penalty and they will issue the building costs in multiple draws. By this loan scenario, Tracey will be required to contribute the following expenses: 1) $137,500 cash down (based on the 75% LTV), 2) a $20,625 origination charge ($412,500 loan principle x 5%), and 3) $3,438 monthly interest payments. Tracey's goal is to sell the house for $740,000. If she succeeds, she will make a total profit of $148,750 after deducting all costs ($412,500 principle, $137,500 cash down, $20,625 origination charges and $20,625 for 6 months of interest payments).
Loan Example 2
Hannah is a home builder and she decides to construct a single family home on a home lot in Kearney, NE. Since she doesn't have enough money to pay for the total transaction, she takes out a new construction private money loan from Big Lake Finance Corporation with the following stipulations:
After the construction is finished, if Hannah sells the property for $570,000, the final numbers would be as follows:
$570,000 sales price
- $266,500 note principle (65% LTV)
- $143,500 cash paid at closing (35% on 65% LTV)
- $5,330 origination points (2% of the $266,500 principle amount)
- $51,968 total interest paid (18 months x 13% interest)
= $102,703 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. ...
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 ...
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 ...
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 ...
American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip 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 ...
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 ...
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. ...
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 ...