New Construction Loans in Poplar Bluff, Missouri
A total of 21 results for new construction hard money lenders were found in Poplar Bluff, MO. Loan amounts average about $303,056. Rates for loans average 10.8%. The typical loan made in the city is 12 months in length. The mean origination for the loans is 3.0 points. The mean loan to value for loans in Poplar Bluff is 73%.
Loan Example 1
Pedro is a builder who wants to buy a vacant lot in Poplar Bluff, MO in order to build a duplex. The building costs will be about $300,000 and the plot is listed for $180,000. He takes a construction loan from Investors Investments with these stipulations: 1) a 6 month note at 10% interest, 2) interest only payments made every month, 3) 2 origination points at the closing by the borrower, and 4) a 75% loan to value (LTV) on the plot and the building costs. Pedro is to collect the building costs in draws and there will not be a pre-payment penalty if he pays off the note before the 6 months is over. Given this loan scenario, Pedro will be required to contribute the following expenses: 1) $120,000 cash down (based on the 75% LTV), 2) a $7,200 origination fee ($360,000 loan principle x 2%), and 3) $3,000 monthly interest payments. Pedro 's goal is to sell the home for $720,000. If he succeeds, he will make a total profit of $214,800 after deducting all expenses ($360,000 principle amount, $120,000 cash down, $7,200 origination fee and $18,000 for 6 months of interest payments).
Loan Example 2
Ronald is a real estate investor and he decides to construct a home on a land plot in Poplar Bluff, MO. Because he does not have the cash to pay for 100% of the transaction, he obtains a new construction hard money loan from South Shore Finance with the following specifications:
a) A $320,000 purchase price for the land plot, b) $250,000 in building expenses, c) an 55% loan-to-value (LTV), d) a 12 month length, e) a 13% interest rate, and f) a 2% origination fee.
Based on a projected $760,000 resell after the 12 months, the numbers for this project will be the following:
$760,000 sales price
- $313,500 principle (55% LTV)
- $256,500 down payment (45% on 55% LTV)
- $6,270 origination points (2% of the $313,500 principle)
- $40,755 interest payments (12 months x 13% interest)
= $142,975 total profit
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 ...
Global Capital Partners
1345 Avenue Of The Americas, 2nd Floor
New York, NY 10105
(800) 514-7350 Website
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 ...
Merchants Mortgage & Trust Corporation
7400 E Crestline Cir #250
Greenwood Village, CO 80111
(303) 562-1569 Website
Based in Greenwood Village, CO, Merchants Mortgage & Trust Corporation is a private lender providing loans in 9 states throughout the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75070
(214) 548-5190 Website
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 ...
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 ...
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. ...
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
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 ...
Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States. They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...
Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...
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 ...
Dominion Mortgage Corporation
1990 S. Bundy Drive, Suite 640
Los Angeles, CA 90025
(310) 477-3041 Website
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 ...
360 CB Capital Funding
711 Westchester Avenue, Suite 202
White Plains, NY 10604
(914) 422-3204 Website
360 CB Capital Funding is a White Plains, NY based hard money lender. They provide funding all across the US. They provide ground up construction loans, short term loans, long term rental property loans, cash out loans, fix ...
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 ...