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 Tuscaloosa, Alabama
We found 23 results for construction private money lenders in Tuscaloosa, AL. In this city, the median amount loaned is $300,357. Interest rates on private loans made to Tuscaloosa investors average about 10.8%. The typical loan made in this city has a term of 14 months. The mean loan includes a 2.6 point origination charge. 73% is the mean loan-to-value (LTV) for for loans in Tuscaloosa.
Loan Example 1
Mandy is a real estate investor and decides to construct a house on a land plot in the Holt neighborhood of Tuscaloosa, AL. The building costs will be about $350,000 and the lot will cost $390,000. Investors Funding Company makes a 60% loan to value (LTV) new construction loan to Mandy so she can fund the transaction. They also agree to a 11% interest rate for 12 months in addition to a two point origination fee. They agree not to enforce a pre-payment penalty and they will contribute the building expenses in multiple draws. The borrower will have to pay $4,070 per month in loan payments on top of $296,000 down, plus a $8,880 origination charge at closing. Mandy 's goal is to sell the project for $1,030,000. If she achieves this, she will make a gross profit of $232,280 after deducting all expenses ($444,000 principle, $296,000 cash down, $8,880 origination fee and $48,840 for 12 months of interest payments).
Loan Example 2
Eduardo is a home builder who decides to construct a house on a land plot in the Holt area of Tuscaloosa, AL. Because he does not have enough money to fund 100% of the purchase, he obtains a new construction hard money loan from Allstar Lending Company with the following stipulations:
- $260,000 sales price for the land lot
- $250,000 in construction costs
- 50% loan-to-value (LTV)
- 6 month term
- 13% rate of interest
- 5% origination fee
Eduardo intends to list the house at the end of the term for $760,000. If he achieves his goal, the final numbers will be the following:
$760,000 sales price
- $255,000 note principle (50% LTV)
- $255,000 cash paid at closing (50% on 50% LTV)
- $12,750 origination fee (5% of the $255,000 principle amount)
- $16,575 total interest paid (6 months x 13% interest)
-----------------------
= $220,675 gross profit
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
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 ...
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 ...
Straightline Funding is an Atlanta, GA based private lender. They provide loans throughout Alabama, Georgia, Illinois, North Carolina, and South Carolina. They provide bridge loans, loans for investments properties, new construction loans, cash out loans, fix 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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans. They provide rates ...
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 ...
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 ...
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 ...
North Shore Funding is a Syosset, NY based private lender. They provide loans across the US. They provide lending solutions for many different scenarios, including commercial hard money loans, bridge loans, and hard money construction loans. ...
National Equity Funding is private money lender based in Irvine, CA. They offer funding throughout the country. They offer fix and flip hard money loans, investment property loans, commercial loans, construction loans, and short term loans. ...
Your Information is Processing