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There are 16 new construction hard money lenders offering loans in Rogers, AR. In this city, the mean loan amount is $365,834. The mean interest rate for hard money loans in Rogers is 10.1%. 17 months is the mean term for notes issued in this city. The mean loan includes a 2.4 percent origination fee. 79% is the mean LTV offered for for loans in Rogers.
Ora is a real estate investor and wants to build a single family home on a vacant lot in Rogers, AR. Ora thinks that the building costs will be around $300,000 and the land will cost $350,000. She obtains a new construction loan from Top Dog Finance with the following terms: 1) a 6 month note at 9% interest, 2) interest-only payments made every month, 3) 2 origination points paid at the closing by the borrower, and 4) a 75% loan-to-value (LTV) on the plot and the building costs. They will not assess a pre-payment penalty and they will pay out the building costs in three draws. The borrower will need to pay $3,656 per month in interest payments on top of $162,500 down, plus a $9,750 origination fee at the closing. Ora 's plan is to sell the new home for $810,000. If she succeeds, she will earn a gross profit of $128,313 after subtracting all expenses ($487,500 principle, $162,500 cash down, $9,750 origination fee and $21,938 for 6 months of payments).
Angel is a home builder in Rogers, AR. He wants to acquire a vacant lot and build a new house. He takes a new construction loan from Assurance Funding with the following parameters:
After the construction is complete, if Angel lists the house for $840,000, the final numbers would be as follows:
$840,000 sales price
- $300,000 note principle (50% LTV)
- $300,000 down payment (50% on 50% LTV)
- $9,000 origination fee (3% of the $300,000 principle)
- $33,000 total interest paid (12 months x 11% interest)
-----------------------
= $198,000 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 ...
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. ...
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 ...
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. ...
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 ...
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 ...
Normandy is a Rochester, NY based private money lender. They provide funding in 39 states throughout the country. They provide ground-up construction loans, long term rental property loans, cash out hard money loans, fix and flip hard money ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Miramar Financial Group is a private money lender in Del Mar, CA providing funding across the US. They provide short term fix and flip loans, builder loans, and commercial loans. Their loan guidelines are flexible, including ...
Based in Charlotte, NC, Mountain Real Estate Capital is an asset-based lender providing loans across the country. They provide ground up construction loans and hard money loans for commercial properties. They provide loans on ...
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 ...
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