Ask an Expert: 1-888-473-6410
Spokane, WA has 50 construction hard money lenders issuing loans in the city. The average amount loaned is $407,000. Interest rates for hard money loans average around 11.1%. The average loan made in this city is 18 months in length. The average loan offered in the city carries a 2.7 percent origination cost. 77% is the mean loan-to-value for for loans in Spokane.
Lonnie decides to purchase a land lot in the Comstock neighborhood of Spokane, WA and construct a new single family home in order to resell it for a profit. Lonnie thinks the construction expenses will be around $300,000 and the plot is listed for $230,000. To pay for the transaction, he obtains a new construction loan from Reliance Funding Corporation . They agree to provide a note with a 12% interest rate for 12 months and four origination points paid when the deal closes. Additionally, they agree to fund 55% of the total expenses (the loan to value / "LTV"). There are no pre-payment penalties for the deal and construction expenses will be paid out over several draws. The borrower will need to pay $2,915 per month in loan payments on top of $238,500 down, plus a $11,660 origination fee at closing. At the end of the loan, Lonnie re-sells the home for $760,000. This will net Lonnie a $183,360 total profit after paying off all expenses of the loan ($291,500 principle amount, $238,500 cash at closing, $11,660 origination charges, and $34,980 for 12 months of interest payments).
Victor is a real estate investor in Spokane, WA. He decides to acquire a home lot and build a new duplex in the Peaceful Valley area of the city. He obtains a construction loan from Frontera Investments with these stipulations:
Based on a projected $870,000 resell after the 12 month term, the numbers for this project would be the following:
$870,000 sales price
- $455,000 principle (65% LTV)
- $245,000 cash paid at closing (35% on 65% LTV)
- $13,650 origination fee (3% of the $455,000 principle amount)
- $63,700 total interest paid (12 months x 14% interest)
-----------------------
= $92,650 total profit
Headquartered in North Hollywood, CA, LBC Capital is a private money lender providing funding in California, Oregon, and Washington. They offer cash out hard money loans, loans for investments properties, commercial loans, short term loans, hard money construction ...
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 ...
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 ...
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 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 ...
Headquartered in Preston, WA, Pacific Northwest Trust is a private money lender providing funding throughout the following areas: Seattle, Everett, Bellevue, Olympia, Tacoma, Issaquah, Bellingham, Spokane, Portland, and Phoenix. They provide bridge loans, hard money refinancing, construction loans, ...
Veristone Capital is private lender headquartered in Kirkland, WA. They offer loans in Oregon and Washington. They offer hard money bridge loans, fix and flip loans, new construction loans, commercial loans, and cash out hard money ...
Headquartered in Seattle, WA, Mortgage Equities Inc is an asset-based lender offering loans throughout Washington, Oregon, and Idaho. They provide loans for many different needs and situations, including ground up construction loans, bridge loans, and commercial hard ...
Westar Funding is private lender headquartered in Mukilteo, WA. They offer loans in Washington, Oregon, and Idaho. They provide commercial loans, short term loans, hard money construction loans, and fix-and-flip loans. They offer ...
Lead Funding is a private money lender in Castle Rock, CO offering funding in Arizona, Colorado, Texas, and Washington. They offer lending solutions for many different scenarios, including private refinancing, fix-and-flip hard money loans, and hard money ...
Royal Development is an Irvine, CA based private lender. They provide funding in California, Texas, and Washington. They offer short term loans, new construction loans, commercial hard money loans, rental property loans, private refinancing, and fix-and-flip ...
Based in Seattle, WA, WADOT Capital is a hard money lender offering loans in Washington, Oregon, and Idaho. They offer lending solutions for a variety of situations and needs, including hard money construction loans, fix and flip hard ...
Private Capital Northwest is hard money lender based in Lynwood, WA. They provide funding throughout Washington, Oregon, and Idaho. They provide short term bridge loans, hard money loans for commercial properties, builder loans, and short ...
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 ...
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, ...
Hanson Capital Group is a Phoenix, AZ based private lender who provides funding in Arizona, California, Texas, Florida, and Washington. They offer loans for many different needs and situations, including loans for rental properties, fix and flip loans, ...
Redmond Funding Group is a Redmond, WA based private money lender. They offer funding throughout Washington. They provide loans for many different situations, including fix-and-flip loans and ground up construction loans. They will ...
Builders Capital is hard money lender headquartered in Seattle, WA. They offer loans throughout Washington and Oregon. They offer ground up construction loans, fix and flip loans, and short term bridge loans. They offer ...
Alternative Financial Services is a Spokane, WA based private lender providing funding throughout Washington, Idaho, Wyoming, and Arizona. They offer loans for many different situations, including fix-and-flip loans, short term bridge loans, construction loans, and private commercial ...
Peer-to-Peer Trust Deeds is an asset-based lender in Walnut Creek, CA providing funding throughout Washington, Oregon, and California. They offer loans for many different situations, including short term fix and flip loans, new construction loans, loans for rental ...
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. ...
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 ...
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 ...
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 ...
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 ...
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, hard ...
Eastside Funding is a Kirkland, WA based private money lender. They offer loans throughout Washington, Oregon, and Idaho. They offer lending solutions for a variety of situations, including commercial loans, short term loans, fix-and-flip hard money loans, ...
Liberty Financial is a private lender in La Mirada, CA providing loans in California, Washington, Oregon, Nevada, and Arizona. They provide private commercial loans, builder loans, fix-and-flip hard money loans, buy and hold loans, private refinancing, and ...
Inland Capital is a Spokane, WA based hard money lender. They provide funding throughout Washington, Idaho, and Oregon. They offer short term fix and flip loans, hard money refinancing, private commercial loans, hard money construction 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 ...
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
Rain City Capital offers financing solutions to real estate investors int the states of Washington and Oregon. The specialize in short-term loans for residential real estate and can close loans very quickly. Their rates start at just 12% ...
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 ...
CalCap Financial is a hard money lender headquartered in Pasadena, CA providing loans throughout California, Arizona, Washington, and Colorado. They offer loans for investments properties, fix and flip hard money loans, cash out hard money loans, and ...
Legacy Group Capital is private money lender headquartered in Bellevue, WA. They offer funding in Washington, Idaho, Arizona, and Oregon. They provide loans for a variety of scenarios, including commercial hard money loans, short term fix ...
Based in Seattle, WA, Pyatt Broadmark Management is a hard money lender offering loans throughout Washington, Oregon, and Idaho. They provide fix and flip hard money loans, buy and hold loans, hard money loans for commercial properties, ...
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 ...
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 ...
Veristone Mortgage is private lender headquartered in Meridian, ID. They offer loans throughout Oregon, Washington, and Idaho. They provide loans for a variety of scenarios, including short term fix and flip loans, construction loans, hard money ...
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 ...
Gregory Russell is a Roseburg, OR based private lender. They offer loans in Washington. They offer loans for a variety of needs and situations, including hard money construction loans, fix-and-flip loans, private commercial loans, bridge loans, and ...
Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial ...
Juniper Capital is private money lender based in Issaquah, WA. They provide loans throughout Washington. They provide fix and flip loans, builder loans, and commercial loans. They offer terms between 6 months and 3 ...
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
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 ...
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 ...
3 J Bar-K is a hard money lender headquartered in Jacksonville, FL offering funding throughout the United States. They provide ground up construction loans, cash out loans, short term loans, fix and flip hard money loans, private commercial loans, ...
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 ...
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 ...
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 ...
Your Information is Processing