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Van Buren, AR has 19 new construction lenders serving the city. The mean amount for loans in the city is $375,000. The mean interest rate for private loans in Van Buren is 10.5%. The mean length offered for loans is 15 months. The average origination fee for loans is 7.8 percent. The average loan-to-value (LTV) offered for loans in Van Buren is 80%.
Marina is a real estate investor in Van Buren, AR. She wants to acquire a home lot to construct a new single family home. The land is available for $160,000 and Marina thinks that the building costs for the project will be approximately $250,000. Perfect Finance will contribute to the project at a 70% loan-to-value (LTV) with a 14%, 12 month new construction loan with five origination points to be paid at the closing. They agree not to enforce a pre-payment penalty and they will contribute the building costs in a few draws. Given this deal scenario, Marina will need to fund the following expenses: 1) $123,000 down (based on the 70% LTV), 2) a $14,350 origination fee ($287,000 principle x 5%), and 3) $3,348 monthly payments. Marina's goal is to sell the new home for $610,000. If she succeeds, she will earn a gross profit of $145,470 after deducting all expenses ($287,000 principle amount, $123,000 cash down, $14,350 origination charges and $40,180 for 12 months of payments).
Perry is a real estate investor and he decides to build a single family home on a land lot in Van Buren, AR. To fund the transaction, he obtains a construction loan from All American Finance Corporation with the following stipulations:
After the construction is finished, if Perry sells the house for $640,000, the final numbers will be the following:
$640,000 sales price
- $378,000 principle (70% LTV)
- $162,000 cash paid at closing (30% on 70% LTV)
- $18,900 origination points (5% of the $378,000 principle)
- $15,120 total interest paid (6 months x 8% interest)
-----------------------
= $65,980 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 ...
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 ...
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 ...
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. ...
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 ...
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. ...
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, ...
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 ...
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 ...
1 Battery Park Plaza, 26th Floor
New York, NY 10004
Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US. They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans. ...
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 ...
1990 S. Bundy Drive, Suite 640
Los Angeles, CA 90025
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 ...
5605 Riggins Ct #201
Reno, NV 89502
Epic Capital Solutions is a Reno, NV based private money lender. They provide loans across the country. They offer short term fix and flip loans, commercial loans, hard money bridge loans, cash out loans, and builder loans. ...
450 Skokie Blvd Suite 600-604
Northbrook, IL 60062
Barnett REI Finance is private lender headquartered in Northbrook, IL. They offer funding across the US. They offer long term rental property loans, fix-and-flip loans, and construction loans. Their loan parameters are versatile, including ...
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