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 Siloam Springs, Arkansas
A total of 18 records for new construction lenders were found in Siloam Springs, AR. The mean amount for loans is $401,137. Interest rates on hard money loans made to Siloam Springs investors average 10.9%. The average length offered for notes is 23 months. The mean origination fee for loans is 3.7 points. The mean loan-to-value offered for loans in Siloam Springs is 76%.
Loan Example 1
Beverly wants to purchase a home lot in Siloam Springs, AR to construct a new tri-plex to re-sell it. The construction costs will be approximately $200,000 and the land is listed for $300,000. She gets a construction loan from Acme Lending Group with the following parameters: 1) a 12 month note at 8% interest, 2) interest only payments made every month, 3) 2 origination points paid at closing by the borrower, and 4) a 70% loan to value (LTV) on both the plot and the construction expenses. Beverly will receive the construction expenses in draws and there won't be a pre-payment penalty if she re-pays the note before the 12 months is over. By this deal scenario, Beverly will need to fund the following expenses: 1) $150,000 down (by the 70% LTV), 2) a $7,000 origination fee ($350,000 loan principle x 2%), and 3) $2,333 monthly payments. After subtracting all expenses, Beverly will make a $65,000 total profit if she succeeds in his goal of a $600,000 sales price.
Loan Example 2
Jill is a builder in Siloam Springs, AR. She decides to acquire a home lot and construct a new house. She takes out a new construction loan from South End Finance Corporation with these specifications:
- $360,000 purchase price for the vacant plot
- $150,000 in building expenses
- 85% loan-to-value (LTV)
- 18 month length
- 14% rate of interest
- 4% origination fee
If Jill succeeds in her goal of a $730,000 sales price, the final numbers of the deal will be the following:
$730,000 sales price
- $433,500 loan principle (85% LTV)
- $76,500 cash paid at closing (15% on 85% LTV)
- $17,340 origination fee (4% of the $433,500 principle)
- $91,035 total interest paid (18 months x 14% interest)
= $111,625 net 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
1345 Avenue Of The Americas, 2nd Floor
New York, NY 10105
(800) 514-7350 Website
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Mountain Real Estate Capital
13860 Ballantyne Corporate Place, 130
Charlotte, NC 28277
(704) 930-7501 Website
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 ...
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 ...