New Construction Loans in Piqua, Ohio
A total of 25 results for construction hard money lenders were found in Piqua, OH. In this city, the mean note amount is $298,572. Interest rates for loans average about 10.8%. The average note issued in this city is 13 months in length. The mean points applied to the loans is 2.8%. Lenders offer on average a 72% LTV on loans in Piqua.
Loan Example 1
Bob is a real estate investor and he wants to construct a house on a land plot in Piqua, OH. The construction costs will be around $400,000 and the plot is listed for $350,000. He takes out a construction loan from West Shore Funding Group with the following parameters: 1) a 12 month note at 10% interest, 2) interest-only payments made every month, 3) 3 origination points paid at closing by the borrower, and 4) a 75% loan to value (LTV) on both the land purchase and the construction expenses. Bob is to receive the construction expenses in draws and there won't be a pre-payment penalty if he repays the note prior to the expiration. Given this deal scenario, the lender will pay $562,500 of the purchase and the construction expenses. The borrower will pay $187,500 down, a $16,875 origination fee, and $4,688 monthly in interest payments. Bob 's intent is to sell the new house for $1,050,000. If he succeeds, he will make a net profit of $226,875 after subtracting all costs ($562,500 principle, $187,500 cash down, $16,875 origination charges and $56,250 for 12 months of payments).
Loan Example 2
Mindy is a real estate investor who decides to buy a lot in Piqua, OH in order to build a new tri-plex. Since she doesn't have the cash to pay for the full deal, she applies for a new construction hard money loan from All American Funding Corporation with the following terms:
a) A $190,000 purchase price for the vacant lot, b) $300,000 in construction expenses, c) an 85% loan-to-value (LTV), d) a 18 month term, e) a 9% rate of interest, and f) a 2% origination fee.
After the building project is complete, if Mindy lists the property for $580,000, the final numbers would be the following:
$580,000 sales price
- $416,500 principle on note (85% LTV)
- $73,500 cash paid at closing (15% on 85% LTV)
- $8,330 origination points (2% of the $416,500 principle)
- $56,228 interest payments (18 months x 9% interest)
= $25,443 net profit
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Utah, Colorado, Ohio, and Hawaii. They offer loans for a variety of situations, including fix-and-flip hard money loans, bridge loans, builder loans, hard ...
Global Capital Partners
1345 Avenue Of The Americas, 2nd Floor
New York, NY 10105
(800) 514-7350 Website
The Mortgage Banc is a hard money lender headquartered in Columbus, OH providing funding in Ohio. They provide lending solutions for many different situations and needs, including investment property loans, builder loans, and fix and flip 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. ...
1845 Town Center Blvd, Building 100, Suite 110-D
Jacksonville, FL 32207
(407) 476-2500 Website
LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 12 states throughout the country. They provide commercial loans, construction loans, and fix-and-flip loans, multi-unit (5+) okay. Their loan guidelines are flexible, including rates starting at 7.9% ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
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 ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75070
(214) 548-5190 Website
George Smith Partners
10250 Constellation Blvd, Suite 2700
Los Angeles, CA 90067
(310) 557-8336 Website
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 ...
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 ...
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 ...
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 ...
Aspen Capital Funding
9400 SW Beaverton-Hillsdale Hwy, Suite 131
Beaverton, OR 97005
(503) 295-5800 Website
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 ...
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 ...
Commonwealth Equity Funding
Commonwealth Equity Funding is an asset-based lender in Boston, MA providing loans throughout the US. They provide fix and flip hard money loans, commercial loans, ground up construction loans, and bridge loans. Their loan guidelines are versatile, ...