Nevada New Construction Loans
There are 15 new construction lenders offering loans in Nevada. In this state, the average amount for loans is $347,277. Interest rates on hard money loans issued to Nevada investors average around 11.4%. The typical loan made in this state has a term of 14 months. The average origination for loans is 3.0 points. Lenders in Nevada average a 71% LTV on their loans.
Loan Example 1
Kyle is a builder who wants to build a duplex on a lot in North Las Vegas, NV. The construction costs will be around $150,000 and the land will cost $190,000. In order to pay for the transaction, he applies for a construction loan from Evergreen Investments. They contract to make a loan with a 8% interest rate for 12 months and four origination points paid when the deal closes. They also agree to fund 55% of the cumulative expenses (the loan to value / "LTV"). They agree not to assess a pre-payment penalty and they will pay out the construction expenses in four draws. According to this deal scenario, Kyle will need to pay the following expenses: 1) $153,000 cash down (by the 55% LTV), 2) a $7,480 origination charge ($187,000 principle x 4%), and 3) $1,247 monthly payments. If Kyle sells the project for $450,000 he will pocket a gross profit of $87,560 after repaying the principle and subtracting the origination points and total interest payments.
Loan Example 2
Morris is a builder in Reno, NV. He wants to purchase a vacant lot to build a new home. He takes a construction loan from Blue Square Finance Group with these terms:
If Morris achieves his goal of a $780,000 sales price, the final numbers of the deal would be as follows:
$780,000 sales price
- $290,000 note principle (50% LTV)
- $290,000 down payment (50% on 50% LTV)
- $11,600 origination points (4% of the $290,000 principle)
- $34,800 total interest paid (12 months x 12% interest)
= $153,600 total 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. ...
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 ...
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 ...
4455 E. Camelback Rd, Suite D135
Phoenix, AZ 85018
RLS Mortgage is a Phoenix, AZ based private lender. They provide loans in Arizona, California, and Nevada. They offer fix and flip hard money loans, rental property loans, private refinancing, new construction loans, commercial loans, and ...
14742 Beach Blvd. #428
La Mirada, CA 90638
Liberty Financial is a private lender in La Mirada, CA providing loans in California, Washington, Oregon, Nevada, and Arizona. They provide private commercial loans, builder loans, fix-and-flip hard money loans, buy and hold loans, private refinancing, and ...
2208 29th Street, Suite 100
Sacramento, CA 95817
Socotra Capital is a private lender headquartered in Sacramento, CA providing loans throughout California and Nevada. They provide lending solutions for a variety of scenarios, including private refinancing, construction loans, commercial hard money loans, bridge loans, loans for investments ...
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Synergy Financial Partners
9453 De Soto Avenue, Suite A
Chatsworth, CA 91311
Synergy Financial Partners is a Chatsworth, CA based hard money lender who offers funding throughout California, Nevada, and Texas. They provide loans for a variety of scenarios, including hard money loans for commercial properties, fix-and-flip loans, ground-up construction ...
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 ...
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 ...
Newmark Investment and Loan
1227 Baring Blvd
Sparks, NV 89434
Newmark Investment and Loan is a hard money lender based in Sparks, NV providing loans in Nevada. They provide lending solutions for many different scenarios, including fix and flip loans, construction loans, short term bridge loans, and commercial ...
Unlimited Capital Group
2670 N. Main St, Suite 350B
Santa Ana, CA 92705
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Private Money Utah
349 E. 900 S. Suite 201
Salt Lake City, UT 84111
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
Seattle Funding Group
7272 E Indian School Road, Suite 540
Scottsdale, AZ 85251
Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial ...