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 Oakdale, Louisiana
There are 20 new construction lenders offering loans in Oakdale, LA. The median amount for loans is $416,250. Rates on loans made to Oakdale investors average around 10.8%. 15 months is the median length for loans issued in this city. The mean loan includes a 5.4 percent origination fee. Lenders in Oakdale average a 73% loan-to-value (LTV) on their loans.
Loan Example 1
Roxanne is a home builder and wants to purchase a lot in Oakdale, LA to build a home. The plot is available for $330,000 and Roxanne expects that the construction costs for the project will be approximately $150,000. Advanced Lending Corporation makes a 85% loan to value (LTV) new construction loan to Roxanne so she can pay for the project. They agree to a 12% interest rate for 6 months in addition to a three point origination fee. They agree not to assess a pre-payment penalty and they will pay out the construction costs in three draws. By this deal scenario, Roxanne will have to pay the following expenses: 1) $72,000 down (by the 85% LTV), 2) a $12,240 origination charge ($408,000 principle x 3%), and 3) $4,080 monthly interest payments. Roxanne 's plan is to sell the home for $570,000. If she succeeds, she will pocket a gross profit of $53,280 after subtracting all costs ($408,000 principle, $72,000 cash down, $12,240 origination fee and $24,480 for 6 months of interest payments).
Loan Example 2
Kevin is an investor and wants to acquire a lot in Oakdale, LA and construct a new duplex. Since he does not have the cash to fund the full transaction, he applies for a construction hard money loan from GJ Investment Group with these stipulations:
a) A $300,000 purchase price for the plot, b) $150,000 in building expenses, c) an 50% loan-to-value (LTV), d) a 6 month length, e) a 14% rate of interest, and f) a 5% origination charge.
If Kevin achieves his goal of a $540,000 sale, the final numbers of the deal would be the following:
$540,000 sales price
- $225,000 loan principle (50% LTV)
- $225,000 down payment (50% on 50% LTV)
- $11,250 origination points (5% of the $225,000 principle)
- $15,750 total interest paid (6 months x 14% interest)
-----------------------
= $63,000 total profit
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, ...
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 ...
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 ...
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 ...
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 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 ...
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 ...
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans. They provide rates ...
Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US. They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
MCG is a hard money lender based in Feasterville Trevose, PA providing loans across the US. They provide hard money loans for commercial properties, refinancing, short term bridge loans, and builder loans. They ...
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