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 Smithtown, New York
We found 38 search results for new construction lenders offering loans in Smithtown, NY. In this city, the mean amount for loans is $296,875. The mean interest rate for private loans in Smithtown is 11.7%. The mean length offered for loans is 15 months. The mean origination fee for the loans is 3.5 points. 69% is the typical loan-to-value (LTV) offered for for loans in Smithtown.
Loan Example 1
Alex is a builder in Smithtown, NY. He wants to acquire a vacant lot to construct a new duplex in the Village of the Branch area. On top of the $240,000 cost of the lot, Alex expects he will require around $150,000 in building expenses to complete the home. West Shore Investment Group issues a 85% loan to value (LTV) construction loan to Alex so he can complete the project. They agree to a 10% interest rate for 6 months in addition to a 4 point origination fee. Construction costs are to be paid in multiple draws and there will be no pre-payment penalties assessed. The borrower will need to pay $2,763 monthly in note payments in addition to $58,500 down, plus a $13,260 origination fee at the closing. Alex 's goal is to sell the house for $540,000. If he succeeds, he will make a gross profit of $120,165 after subtracting all expenses ($331,500 principle, $58,500 cash down, $13,260 origination charges and $16,575 for 6 months of interest payments).
Loan Example 2
Brandon is a home builder and he decides to build a home on a home lot in the Village of the Branch neighborhood of Smithtown, NY. He takes a new construction loan from Perfect Lending Corporation with the following terms:
- $240,000 sales price for the vacant plot
- $250,000 in construction costs
- 70% loan to value (LTV)
- 18 month length
- 12% rate of interest
- 3% origination charge
After the project is complete, if Brandon sells the property for $710,000, the final numbers would be as follows:
$710,000 sales price
- $343,000 note principle (70% LTV)
- $147,000 down payment (30% on 70% LTV)
- $10,290 origination fee (3% of the $343,000 principle amount)
- $61,740 total interest paid (18 months x 12% interest)
-----------------------
= $147,970 net profit
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
First Equity Funding is hard money lender based in Sea Grit, NJ. They provide loans throughout New Jersey, New York, and Pennsylvania. They offer construction loans and fix-and-flip hard money loans. Their lending guidelines are ...
Based in Rochelle Park, NJ, Century Capital Finance is a private lender providing loans in New Jersey and New York. They provide hard money bridge loans, hard money construction loans, hard money loans for commercial properties, and fix-and-flip ...
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction 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 ...
Ary Ming Asset Funding is a Newark, NJ based private lender. They provide funding in Philadelphia, Scranton, and Allentown. They offer construction loans, bridge loans, long term rental property loans, and fix and flip hard money ...
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
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 ...
Lend Some Money is hard money lender headquartered in East Haven, CT. They offer loans throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York. They offer loans for many different scenarios, including short term loans, ...
York Funding is hard money lender based in Long Island, NY. They provide funding throughout South Florida. They provide ground-up construction loans, hard money refinancing, hard money loans for commercial properties, and short term fix and ...
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 ...
Alpine Mortgage Services is a hard money lender based in Rochelle Park, NJ offering loans in Connecticut, New York, and New Jersey. They provide loans for a variety of needs and situations, including commercial hard money loans, ground ...
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 ...
Layla Capital is a hard money lender headquartered in New York, NY providing loans in 10 states across the country. They provide lending solutions for many different scenarios, including short term fix and flip loans, construction loans, hard money ...
Gala Resources is private lender headquartered in New York, NY. They offer funding in 8 states throughout the country. They offer private refinancing, rental property loans, fix-and-flip hard money loans, bridge loans, hard money loans for commercial ...
Regina Capital is an asset-based lender headquartered in Monroe, CT providing loans in New York, New Jersey, Massachusetts, and Connecticut. They provide lending solutions for many different scenarios, including commercial loans, private refinancing, hard money construction loans, rental ...
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 ...
Asset Based Lending LLC is a Hoboken, NJ based hard money lender who offers funding in 9 states across the US. They offer loans for a variety of scenarios, including new construction loans, hard money refinancing, loans for investments ...
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money 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 ...
Oak Leaf Financial is a Moorestown, NJ based private money lender. They provide funding in New York, New Jersey, Pennsylvania, Connecticut, Delaware, Maryland, and Virginia. They offer bridge loans, ground up construction loans, private refinancing, buy and ...
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 ...
The Grossman Companies is a Quincy, MA based private lender offering loans throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York. They offer fix-and-flip hard money loans, short term bridge loans, hard money loans for commercial properties, ...
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 ...
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
New Wave Loans is an asset-based lender based in Aventura, FL providing funding throughout New York, Arizona, Illinois, and Florida. They provide lending solutions for a variety of situations, including buy and hold loans, commercial loans, ground up ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
National Equity Funding is private money lender based in Irvine, CA. They offer funding throughout the country. They offer fix and flip hard money loans, investment property loans, commercial loans, construction loans, and short term loans. ...
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