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 Starkville, Mississippi
A total of 18 records for construction hard money lenders were found in Starkville, MS. The median amount for loans is $362,334. Rates for hard money loans average 10.9%. The mean loan made in this city has a length of 18 months. The average origination fee for loans is 3.4 percent. The typical loan to value (LTV) for loans in Starkville is 75%.
Loan Example 1
Susana is a home builder who wants to build a tri-plex on a land plot in Starkville, MS. On top of the $180,000 price of the lot, Susana expects she will have around $150,000 in construction costs to complete the project. She takes out a new construction loan from Perfect Funding Corporation with the following terms: 1) a 12 month note at 11% interest, 2) interest-only payments made monthly, 3) 4 origination points paid at closing by the borrower, and 4) a 65% loan-to-value (LTV) on both the land purchase and the construction costs. Building fees are to be paid out in draws and there are no pre-payment penalties charged. By this loan scenario, the lender will contribute $214,500 of the lot and the construction costs. The borrower will need to pay $115,500 down, a $8,580 origination charge, and $1,966 per month in note payments. Susana 's intent is to sell the home for $440,000. If she succeeds, she will pocket a gross profit of $77,825 after deducting all costs ($214,500 principle amount, $115,500 cash down, $8,580 origination charges and $23,595 for 12 months of payments).
Loan Example 2
Allan decides to acquire a land plot in Starkville, MS and construct a single family home and sell it. He takes a new construction loan from Perfect Funding Company with the following parameters:
a) A $320,000 sales price for the vacant lot, b) $250,000 in construction expenses, c) an 55% loan to value (LTV), d) a 6 month term, e) a 9% interest rate, and f) a 5 point origination fee.
If his achieves a $850,000 resell after the 6 months, the numbers for this deal will look like this:
$850,000 sales price
- $313,500 principle (55% LTV)
- $256,500 cash paid at closing (45% on 55% LTV)
- $15,675 origination fee (5% of the $313,500 principle)
- $14,108 interest payments (6 months x 9% interest)
-----------------------
= $250,218 gross profit
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
York Commercial Finance is an Addison, TX based private lender who provides funding all across the United States. They provide new construction loans, private refinancing, commercial loans, and short term loans. Their loan parameters are versatile, including ...
Knighthead Funding is private lender based in Greenwich, CT. They provide loans throughout the country. They provide hard money construction loans, short term loans, hard money loans for commercial properties, private refinancing, fix-and-flip hard money loans, ...
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