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There are 19 construction private money lenders offering loans in Texarkana, AR. The mean note made to borrowers is approximately $923,864. Rates for hard money loans average 11.3%. The median loan issued in the city has a term of 15 months. The average origination fee for the loans is 3.1 points. Lenders in Texarkana average a 73% loan-to-value on their deals.
Thelma is a builder and she wants to buy a land lot in Texarkana, AR in order to construct a new duplex. In addition to the $260,000 cost of the land, Thelma approximates she will require around $150,000 in construction expenses to complete the project. To pay for the project, she applies for a new construction loan from Redwood Lending Corporation. They agree to make a note with a 12% rate of interest for 18 months and 4 origination points paid at the closing. Additionally, they agree to loan 75% of the aggregate expenses (the loan to value or "LTV"). Building fees are to be paid out in multiple draws and there are no pre-payment penalties assessed. According to this deal scenario, Thelma will be required to fund the following expenses: 1) $102,500 down (by the 75% LTV), 2) a $12,300 origination fee ($307,500 principle x 4%), and 3) $3,075 monthly payments. Thelma's plan is to sell the new home for $590,000. If she succeeds, she will pocket a gross profit of $112,350 after deducting all costs ($307,500 principle amount, $102,500 cash down, $12,300 origination fee and $55,350 for 18 months of payments).
Joel is a real estate investor and decides to build a home on a lot in Texarkana, AR. In order to fund the deal, he applies for a new construction loan from Frontera Finance Corporation with these stipulations:
a) A $390,000 sales price for the land, b) $200,000 in construction expenses, c) an 65% loan to value (LTV), d) a 18 month term, e) a 10% interest rate, and f) a 3 point origination fee.
Joel wants to list the property when the note expires for $880,000. If he achievs this goal, the final numbers will be the following:
$880,000 sales price
- $383,500 loan principle (65% LTV)
- $206,500 down payment (35% on 65% LTV)
- $11,505 origination fee (3% of the $383,500 principle amount)
- $57,525 interest payments (18 months x 10% interest)
-----------------------
= $220,970 gross profit
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 ...
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 ...
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 ...
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 ...
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. ...
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
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, ...
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 ...
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 ...
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. ...
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 ...
11601 Wilshire Blvd. Suite 2410
Los Angeles, CA 90025
Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...
79 Madison Ave, 7th Floor
New York, NY 10016
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 ...
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 ...
275 East Street Road, Suite A
Feasterville Trevose, PA 19053
MCG is a hard money lender based in Feasterville Trevose, PA providing loans across the US. They provide hard money loans for commercial properties, refinancing, short term bridge loans, and builder loans. They ...
5044 Lakeaire Cir
Temple, TX 76502
BSIP Capital is a Temple, TX based hard money lender. They offer loans throughout the country. They provide lending solutions for a variety of needs and situations, including commercial loans, hard money refinancing, long term rental property loans, ...
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