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 $6 Billion life-to-date in total loan volume to real estate ...
New Construction Loans in Newport, Arkansas
There are 17 new construction lenders serving Newport, AR. In this city, the average loan amount is $336,250. The average rate for loans in Newport is 10.5%. 16 months is the average length for loans offered in the city. The mean points charged for loans is 2.9%. The average loan to value offered for loans in Newport is 74%.
Loan Example 1
Doris is a real estate investor who decides to buy a land plot in Newport, AR in order to construct a new single family home. Doris thinks that the building expenses will be around $400,000 and the lot costs $370,000. Hometown Lending Company makes a 85% loan-to-value (LTV) construction loan to Doris in order to fund the project. They also agree to a 12% interest rate for 12 months in addition to a 5 point origination fee. They will not charge a pre-payment penalty and they will fund the building expenses in a few draws. The borrower will be required to pay $6,545 per month in note payments on top of $115,500 down, plus a $32,725 origination fee at the closing. When the loan expires, Doris re-sells the home for $1,030,000. This will earn Doris a $148,735 total profit after re-paying all expenses of the deal ($654,500 principle, $115,500 cash down, $32,725 origination charges, and $78,540 for 12 months of interest payments).
Loan Example 2
Adrian is an investor who wants to purchase a lot in Newport, AR and construct a new home. To pay for the deal, he takes a construction loan from Urban Lending Corporation with these terms:
- $150,000 sales price for the plot
- $200,000 in construction expenses
- 55% loan-to-value (LTV)
- 18 month length
- 8% interest rate
- 2% origination charge
If Adrian succeeds in his goal of a $490,000 sale, the final numbers of the deal will be as follows:
$490,000 sales price
- $192,500 principle on note (55% LTV)
- $157,500 down payment (45% on 55% LTV)
- $3,850 origination fee (2% of the $192,500 principle amount)
- $23,100 interest payments (18 months x 8% interest)
-----------------------
= $113,050 gross profit
Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States. They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...
Global Capital Partners is a New York, NY based private lender. They provide funding across the US. They offer hard money bridge loans, hard money construction loans, refinancing, fix-and-flip loans, hard money loans for commercial properties, and ...
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 ...
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 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 ...
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 ...
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 ...
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, ...
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. ...
Aspen Capital Funding is a Beaverton, OR based hard money lender offering funding all across the country. They provide hard money bridge loans, commercial loans, and hard money construction loans. They offer loan amounts ranging from ...
Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...
Flip Funding is an asset-based lender in Sacramento, CA providing funding across the US. They provide investment property loans, cash out hard money loans, hard money loans for commercial properties, new construction loans, hard money bridge loans, and ...
Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US. They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans. ...
Huntington Coast Capital is hard money lender based in Huntington Beach, CA. They offer loans throughout the country. They offer short term loans, cash out hard money loans, commercial loans, and builder loans. They offer ...
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
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