Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing in Commercial loans, Adaptive Re-use & Construction lines of credit nationwide!
New Construction Loans in Palmer, Alaska
There are 18 new construction lenders offering loans in Palmer, AK. The median note amount in the city is $446,667. Rates for loans average around 10.4%. The average loan made in the city is for 17 months. The average origination fee for loans is 2.5 points. Lenders in Palmer average a 76% loan to value on their deals.
Loan Example 1
Charles is a home builder and decides to build a house on a vacant lot in the Butte neighborhood of Palmer, AK. Charles estimates that the building expenses will be approximately $300,000 and the lot will cost $400,000. He gets a construction loan from Blue Door Finance Group with the following parameters: 1) a 12 month note at 11% interest, 2) interest-only payments made every month, 3) 4 origination points at closing by the borrower, and 4) a 65% loan-to-value (LTV) on the land and the building expenses. They agree not to assess a pre-payment penalty and they will fund the building expenses in four draws. The borrower will have to pay $4,171 monthly in loan payments in addition to $245,000 down, plus a $18,200 origination fee at closing. Charles's goal is to sell the new house for $1,050,000. If he succeeds, he will earn a net profit of $281,750 after deducting all expenses ($455,000 principle, $245,000 cash down, $18,200 origination fee and $50,050 for 12 months of payments).
Loan Example 2
Brandon is an investor in Palmer, AK. He decides to purchase a land plot and construct a new house in the Butte area of the city. Because he does not have enough money to pay for the full transaction, he obtains a new construction hard money loan from Oak Hill Investment Company with the following terms:
- $200,000 sales price for the land
- $300,000 in construction expenses
- 75% loan-to-value (LTV)
- 12 month term
- 11% rate of interest
- 2% origination charge
If his achieves a $620,000 re-sell after the 12 month term, the numbers for this deal will be the following:
$620,000 sales price
- $375,000 principle on note (75% LTV)
- $125,000 down payment (25% on 75% LTV)
- $7,500 origination fee (2% of the $375,000 principle amount)
- $41,250 total interest paid (12 months x 11% interest)
-----------------------
= $71,250 net profit
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $500k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
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Anchor Loans
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. ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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, ...
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 ...
Sharestates
11 Middle Neck Road Suite 314
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Nationwide leading hard money and NON-QM 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 ...
REI Capital
5660 Strand Court
Naples, FL 34110
REI Capital & Development provides nationwide & international investor capital on Commercial & Residential properties as well as Land. We offer Long and Short Term programs with rates starting as low as 2.99% for Commercial Properties on Purchases, Refinances, Ground ...
Kings of Capital
550 Pinetown Rd
Fort Washington, PA 12034
Kings of Capital is the leading Nationwide Hard Money Lender that specializes in fast and flexible lending processes across the country. Our company is led by experienced Real Estate lenders providing a professional, knowledgeable, and hard-working team to help all ...
Navigator Private Capital
1910 Towne Centre Blvd. Suite 250
Annapolis, MD 21401
Offering a better alternative to hard money, Navigator Private Capital, LLC (NavCap) has reimagined private real estate lending--making it accessible to real estate investors at all experience levels. As private money lenders, we fund short- and long-term low-risk development projects ...
Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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 ...
Huntington Coast Capital
20321 Tidepool Cir
Huntington Beach, CA 92646
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 ...
11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
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. ...
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 ...
Edward Voccola & Co
75 Arlington Street, Suite 500
Boston, MA 02116
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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