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 Pleasant Hill, Iowa
A total of 18 records for new construction hard money lenders were found in Pleasant Hill, IA. In this city, the average loan amount is $387,667. The average rate for loans in Pleasant Hill is 10.6%. The mean loan issued in this city is 16 months in length. The average loan includes a 6.2 percent origination cost. Lenders in Pleasant Hill average a 75% loan to value on their loans.
Loan Example 1
Ernest decides to purchase a lot in the Valley High Manor neighborhood of Pleasant Hill, IA to construct a new single family home and sell it. The plot is listed for $220,000 and Ernest expects the building costs for the project will be around $400,000. He takes a new construction loan from Advanced Investments with the following terms: 1) a 6 month note at 8% interest, 2) interest only payments made monthly, 3) 4 origination points paid at closing by the borrower, and 4) a 60% loan-to-value (LTV) on both the lot and the building expenses. There will be no pre-payment penalties for the loan and building expenses will be paid in a few draws. By the stipulations of the note, Ernest will need to pay $248,000 plus $14,880 in origination fees at closing, then will begin making $2,480 monthly payments. When the loan expires, Ernest re-sells the project for $890,000. This will make Ernest a $240,240 net profit after repaying all expenses of the deal ($372,000 principle, $248,000 cash at closing, $14,880 origination charges, and $14,880 for 6 months of payment).
Loan Example 2
Cathleen is an investor in Pleasant Hill, IA. She decides to purchase a land lot and construct a new duplex in the Valley High Manor area of the city. Because she doesn't have the money to fund the total deal, she takes out a construction hard money loan from Pretty Perfect Lending Group with the following stipulations:
a) A $170,000 purchase price for the lot, b) $150,000 in building expenses, c) an 85% loan to value (LTV), d) a 18 month length, e) a 8% rate of interest, and f) a 2 point origination fee.
If her achieves a $430,000 resell after the 18 months, the numbers for this project would be as follows:
$430,000 sales price
- $272,000 note principle (85% LTV)
- $48,000 down payment (15% on 85% LTV)
- $5,440 origination fee (2% of the $272,000 principle amount)
- $32,640 total interest paid (18 months x 8% interest)
-----------------------
= $71,920 net profit
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country. They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans. Their loan guidelines ...
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. ...
Caroline Lending LLC is a Houston, TX based hard money lender. They provide funding all throughout the US. They provide loans for a variety of needs and situations, including short term fix and flip loans, ground up construction ...
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