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 Rogers, Arkansas
There are 18 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.
Loan Example 1
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).
Loan Example 2
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:
- $400,000 purchase price for the plot
- $200,000 in construction expenses
- 50% loan to value (LTV)
- 12 month term
- 11% interest rate
- 3% origination fee
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 ...
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 ...
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 ...
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 ...
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. ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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