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 Springdale, Arkansas
Springdale, AR has 17 new construction lenders offering loans within the city. The mean note made is around $312,273. Interest rates on loans issued to Springdale borrowers average about 10.2%. The typical note issued in this city has a term of 14 months. The mean origination percentage applied to the loans is 2.3%. Lenders offer on average a 78% loan-to-value (LTV) on loans in Springdale.
Loan Example 1
Craig is a home builder and decides to acquire a lot in Springdale, AR to build a home. The construction costs will be about $200,000 and the lot costs $370,000. In order to fund the deal, he applies for a new construction loan from All Star Lending Group . They contract to issue a loan with a 8% rate of interest for 6 months and three origination points paid at the closing. Additionally, they agree to loan 85% of the aggregate expenses (the loan to value / "LTV"). They will not enforce a pre-payment penalty and they will issue the construction expenses in four draws. By this loan scenario, the lender will pay $484,500 of the land and construction expenses. The borrower will be required to pay $85,500 down, a $14,535 origination fee, and $3,230 monthly in note payments. If Craig then sells the house for $740,000 he will pocket a gross profit of $136,085 after re-paying the loan principle and deducting the origination fee and total interest payments.
Loan Example 2
Anne is a real estate investor in Springdale, AR. She wants to acquire a land lot to build a new home. She applies for a new construction loan from Boom Finance Corporation with the following stipulations:
- $270,000 purchase price for the land lot
- $200,000 in building expenses
- 85% loan to value (LTV)
- 12 month length
- 14% interest rate
- 2% origination fee
If Anne achieves her goal of a $630,000 sales price, the final numbers of the project would be the following:
$630,000 sales price
- $399,500 note principle (85% LTV)
- $70,500 down payment (15% on 85% LTV)
- $7,990 origination fee (2% of the $399,500 principle)
- $55,930 interest payments (12 months x 14% interest)
-----------------------
= $96,080 gross 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 ...
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, ...
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 ...
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 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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country. They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans. Their loan guidelines ...
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 ...
Based in Ponte Vedra Beach, FL, SNAP.BUILD is a private lender offering funding all across the United States. They offer lending solutions for many different situations and needs, including buy and hold loans, ground-up construction loans, and short ...
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
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