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 Stuttgart, Arkansas
Stuttgart, AR has 17 new construction hard money lenders in the city. In this city, the average amount loaned is $450,962. Interest rates for hard money loans average 10.8%. The typical length offered for loans is 20 months. The average origination percentage added to loans is 3.5%. 73% is the typical loan to value (LTV) offered for offered by lenders in Stuttgart.
Loan Example 1
Kathleen is a home builder and wants to purchase a vacant lot in Stuttgart, AR in order to build a home. The construction costs will be around $300,000 and the land will cost $210,000. To pay for the transaction, she obtains a new construction loan from Reliance Funding Company . They agree to issue a note with a 10% rate of interest for 12 months and 3 origination points to be paid at closing. They also agree to contribute 70% of the aggregate costs (the loan-to-value / "LTV"). They will not enforce a pre-payment penalty and they will contribute the construction costs in a few draws. According to the specifications of this note, Kathleen will need to fund $153,000 plus $10,710 in origination fees at closing, then will start making $2,975 per month payments. If Kathleen then sells the project for $710,000 she will earn a gross profit of $153,590 after re-paying the principle amount and subtracting the origination fee and total interest payments.
Loan Example 2
Dave is a real estate investor in Stuttgart, AR. He wants to purchase a land plot and construct a new home. Since he does not have the cash to pay for the full purchase, he obtains a new construction hard money loan from Red City Investment Company with the following stipulations:
- $160,000 purchase price for the lot
- $200,000 in construction costs
- 80% loan-to-value (LTV)
- 12 month term
- 14% rate of interest
- 3% origination fee
After the construction is complete, if Dave sells the property for $480,000, the final numbers will be as follows:
$480,000 sales price
- $288,000 principle on note (80% LTV)
- $72,000 cash paid at closing (20% on 80% LTV)
- $8,640 origination fee (3% of the $288,000 principle)
- $40,320 interest payments (12 months x 14% interest)
-----------------------
= $71,040 total 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 ...
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 ...
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 ...
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 ...
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, ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
Based in Charlotte, NC, Mountain Real Estate Capital is an asset-based lender providing loans across the country. They provide ground up construction loans and hard money loans for commercial properties. They provide loans on ...
We Lend Money is an asset-based lender offering funding all throughout the US. They provide lending solutions for a variety of situations, including private commercial loans, long term rental property loans, fix-and-flip loans, hard money construction loans, and ...
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