Ask an Expert: 1-888-473-6410
A total of 23 results for construction hard money lenders were found in Saint Louis, MO. In this city, the average amount for loans is $305,834. The average rate for private loans in Saint Louis is 10.6%. The typical note issued in this city is for 12 months. The average loan includes a 2.7 percent origination fee. Lenders in Saint Louis average a 73% LTV on their loans.
Larry is a home builder and he wants to buy a vacant lot in Saint Louis, MO and build a new tri-plex in the Fountain Park neighborhood of the city. Larry estimates the building costs will be approximately $200,000 and the lot will cost $200,000. Superior Lending Corporation makes a 65% loan to value (LTV) construction loan to Larry in order to complete the deal. They agree to a 9% rate of interest for 6 months plus a four point origination fee. Building costs are to be paid out in draws and there will be no pre-payment penalties assessed. According to the terms of the loan, Larry will be required to pay $140,000 plus $10,400 in origination fees at closing, then will start making $1,950 per month payments. When the loan expires, Larry re-sells the property for $540,000. This will net Larry a $117,900 gross profit after paying off all costs of the deal ($260,000 principle, $140,000 cash down, $10,400 origination fee, and $11,700 for 6 months of payment).
Randi is an investor who decides to buy a home lot in the Benton Park West area of Saint Louis, MO to build a home. She applies for a construction loan from K & M Lending Group with these specifications:
a) A $390,000 purchase price for the vacant lot, b) $250,000 in building costs, c) an 50% loan-to-value (LTV), d) a 12 month term, e) a 8% interest rate, and f) a 2 point origination charge.
Randi intends to sell the house at the end of the term for $920,000. If she achievs this goal, the deal numbers will be as follows:
$920,000 sales price
- $320,000 loan principle (50% LTV)
- $320,000 cash paid at closing (50% on 50% LTV)
- $6,400 origination points (2% of the $320,000 principle)
- $25,600 interest payments (12 months x 8% interest)
-----------------------
= $248,000 gross profit
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and the ability to tailor financing options to a client's individual needs have made Global Capital Partners a household name in New York's commercial lending industry. Global Capital Partners has 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 ...
741 5th St
Sacramento, CA 95605
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 ...
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 ...
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 ...
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. ...
1101 W Mineral Ave. #101
Littleton, CO 80120
TNS Loans is a Littleton, CO based hard money lender offering loans throughout Colorado, Kansas, Minnesota, Missouri, Oklahoma, Utah, and Wisconsin. They offer refinancing, commercial hard money loans, hard money bridge loans, new construction loans, and fix-and-flip ...
321 N Central Expressway, Suite 360
McKinney, TX 75070
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
7400 E Crestline Cir #250
Greenwood Village, CO 80111
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 ...
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 ...
One South Greeley Ave Suite 1b
Chappaqua, NY 10514
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 ...
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 ...
888 Prospect Street, #200
La Jolla, CA 92037
Capital Line Funding Group is hard money lender headquartered in La Jolla, CA. They provide funding all throughout the country. They offer short term loans, private refinancing, commercial loans, fix-and-flip loans, and construction loans. Their ...
75 Arlington Street, Suite 500
Boston, MA 02116
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
Your Information is Processing