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 Pahrump, Nevada
Pahrump, NV has 24 construction private money lenders serving the city. In this city, the mean amount for loans is $294,167. The mean rate for private loans in Pahrump is 11.5%. The average length for notes is 14 months. The average note includes a 3.1 point origination charge. Lenders offer on average a 72% loan-to-value on hard money loans in Pahrump.
Loan Example 1
Kay is a home builder in Pahrump, NV. She decides to purchase a vacant lot and build a new house. The building costs will be about $250,000 and the plot will cost $340,000. She takes out a new construction loan from South Star Investments with these terms: 1) a 6 month note at 12% interest, 2) interest only payments made every month, 3) 4 origination points at closing by the borrower, and 4) a 55% loan to value (LTV) on both the land purchase and the building expenses. Construction costs are to be paid out in draws and there will be no pre-payment penalties assessed. The borrower will be required to pay $3,245 monthly in loan payments on top of $265,500 down, plus a $12,980 origination fee at closing. If Kay sells the property for $880,000 she will make a total profit of $257,550 after returning the principle amount and subtracting the origination fee and cumulative interest.
Loan Example 2
Shirley decides to buy a land plot in Pahrump, NV and construct a new house to sell it. Because she does not have the money to pay for the full purchase, she applies for a construction private money loan from Blue Square Investment Group with the following terms:
- $230,000 purchase price for the land lot
- $150,000 in construction expenses
- 55% loan-to-value (LTV)
- 12 month length
- 13% interest rate
- 4% origination charge
Shirley plans to sell the project when the loan expires for $470,000. If she achievs this goal, the final numbers will be the following:
$470,000 sales price
- $209,000 principle on note (55% LTV)
- $171,000 cash paid at closing (45% on 55% LTV)
- $8,360 origination points (4% of the $209,000 principle amount)
- $27,170 total interest paid (12 months x 13% interest)
-----------------------
= $54,470 gross profit
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
Silver Arch Capital is a Hackensack, NJ based hard money lender. They provide loans across the US. They provide new construction loans, refinancing, and hard money loans for commercial properties. They offer terms between 1 ...
Brisco Funding is an asset-based lender in Chappaqua, NY providing funding throughout the US. They offer lending solutions for many different situations and needs, including construction loans, buy and hold loans, short term loans, and short term fix ...
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. ...
George Smith Partners is a Los Angeles, CA based hard money lender. They provide loans all throughout the US. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, short term ...
Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are versatile, including ...
North Shore Funding is a Syosset, NY based private lender. They provide loans across the US. They provide lending solutions for many different scenarios, including commercial hard money loans, bridge loans, and hard money construction loans. ...
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