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Spring Hill, TN has 26 construction private money lenders operating within the city. The median loan amount is $297,188. Interest rates on hard money loans made to Spring Hill borrowers average 10.8%. 13 months is the median length for loans made in the city. The average points charged on loans is 2.7%. Lenders offer on average a 73% loan-to-value (LTV) on loans in Spring Hill.
Tracy is a real estate investor in Spring Hill, TN. He wants to purchase a land plot and construct a new single family home. The construction costs will be approximately $350,000 and the plot is listed for $340,000. In order to fund the deal, he takes out a new construction loan from Smith Investment Corporation. They contract to issue a loan with a 9% rate of interest for 6 months and 3 origination points to be paid at the closing. Additionally, they agree to loan 80% of the aggregate costs (the loan-to-value / "LTV"). Tracy will collect the construction costs in draws and there will be no pre-payment penalty if he repays the loan before the 6 months is over. By this loan scenario, Tracy will need to pay the following expenses: 1) $138,000 cash down (by the 80% LTV), 2) a $16,560 origination charge ($552,000 principle x 3%), and 3) $4,140 monthly payments. If Tracy then sells the home for $820,000 he will pocket a gross profit of $88,600 after returning the principle and deducting the origination points and total interest payments.
Reba is an investor and decides to construct a tri-plex on a land lot in Spring Hill, TN. Since she doesn't have the cash to pay for 100% of the project, she applies for a construction hard money loan from North Shore Finance Company with these stipulations:
Reba wants to list the property when the loan expires for $480,000. If she achievs this goal, the final numbers will be as follows:
$480,000 sales price
- $292,500 principle (75% LTV)
- $97,500 down payment (25% on 75% LTV)
- $14,625 origination points (5% of the $292,500 principle)
- $26,325 interest payments (12 months x 9% interest)
-----------------------
= $49,050 total profit
3015-B Piedmont Road
Atlanta, GA 30305
Paces Funding is hard money lender based in Atlanta, GA. They offer loans in Nashville and Atlanta. They offer lending solutions for a variety of needs and situations, including hard money construction loans, investment property loans, commercial ...
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and theability to tailor financing options to a client's individual needs have made Global CapitalPartners a household name in New York's commercial lending industry. Global Capital Partnershas long provided ...
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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 $6.6 Billion life-to-date in total loan volume to real estate ...
980 Hammond Drive, Suite 850
Atlanta, GA 30328
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
201 East McBee Ave, Suite 300
Greenville, SC 29601
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 ...
321 N Central Expressway, Suite 360
McKinney, TX 75071
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 their own ...
1845 Town Center Blvd, Building 100, Suite 110-D
Jacksonville, FL 32207
LYNK Capital is a Jacksonville, FL based private money lender who offers loans in 12 states throughout the country.They provide commercial loans, construction loans, and fix-and-flip loans, multi-unit (5+) okay.Their loan guidelines are flexible, including rates starting at 7.9% ...
100 Lanidex Plaza
Parsippany, NJ 07054
Stratton Equities is the Nationwide leading hard money lender. We are passionate about helping small business owners, contractors, and Real Estate investors, swiftly and efficiently finance their investment goals. We customize our hard money loan programs for each unique project ...
3435 Wilshire #1840
Los Angeles, CA 90010
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 ...
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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 ...
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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 ...
20 West Vine Street #575
Lansdale, PA 19446
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. ...
11 Middle Neck Road Suite 314
Great Neck, NY 11021
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 ...
260 Peachtree St, Suite 1002
Atlanta, GA 30303
Baker Collins & Co. is a Private Real Estate Lending Group that provides streamlined, hassle-free lending options to fit the way you invest. Baker Collins & Co. is rated #1 for client satisfaction and is a leading private money financier ...
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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. ...
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...
PO Box 58804
Tukwilla, WA 98138
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 ...
35 Trenton Ave
Long Beach, NY 11561
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 ...
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...
1010 NE 2nd Ave
Miami Beach, FL 33132
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 ...
10250 Constellation Blvd, Suite 2700
Los Angeles, CA 90067
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 ...
433 Hackensack Avenue, 12th Floor
Hackensack, NJ 07601
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 ...
9400 SW Beaverton-Hillsdale Hwy, Suite 131
Beaverton, OR 97005
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 ...
670 Montauk Highway
Water Mill, NY 11976
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 ...
16501 VENTURA BLVD, Suite 400
Encino, CA 91436
Custom Mortgage is private lender headquartered in Encino, CA. They offer funding throughout the US. They offer hard money loans for commercial properties, loans for investments properties, fix-and-flip loans, cash out hard money loans, bridge loans, ...
P.O. Box 51182
Irvine, CA 92619
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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