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There are 29 records for construction private money lenders operating in Warwick, RI. The mean note amount is $322,500. Interest rates for hard money loans average about 12.6%. The typical length offered for notes is 13 months. The average origination fee for the loans is 3.0 percent. 72% is the mean LTV offered for offered by lenders in Warwick.
Harvey decides to buy a land lot in Warwick, RI and construct a duplex in order to sell it for a profit. The lot costs $150,000 and Harvey estimates the construction costs for the new house will be approximately $150,000. Blue Door Lending Company will loan on the transaction at a 50% loan-to-value (LTV) with a 9%, 18 month new construction loan with 2 origination points to be paid when the deal closes. Harvey is to receive the construction expenses in draws and there won't be a pre-payment penalty if he re-pays the note early. According to the rules of the note, Harvey will need to pay $150,000 plus $3,000 in origination fees at the closing, then will start making $1,125 per month payments. If Harvey sells the property for $370,000 he will pocket a total profit of $46,750 after returning the loan principle and subtracting the origination expense and cumulative interest.
Matthew wants to purchase a land lot in Warwick, RI and build a single family home in order to re-sell it. In order to pay for the transaction, he takes a new construction loan from City Funding Corporation with the following terms:
If Matthew succeeds in his goal of a $620,000 sale, the final numbers of the deal would be as follows:
$620,000 sales price
- $322,000 principle (70% LTV)
- $138,000 cash paid at closing (30% on 70% LTV)
- $12,880 origination fee (4% of the $322,000 principle)
- $25,760 interest payments (12 months x 8% interest)
-----------------------
= $121,360 gross profit
Direct Lending Partner is a Bethlehem, PA based private lender. They provide loans throughout Boston, Providence, Pawtucket, Cranston, Warwick, and Central Falls. They offer fix-and-flip hard money loans, hard money bridge loans, buy and hold loans, ground ...
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 ...
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. ...
Mass Private Lending is hard money lender based in Cohasset, MA. They provide loans in Massachusetts and Rhode Island. They provide ground-up construction loans, loans for rental properties, hard money loans for commercial properties, short term 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 ...
Based in Salem, MA, Green Knight Funding is a hard money lender offering funding throughout Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, Maine, and Florida. They offer lending solutions for a variety of situations and needs, including fix ...
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 ...
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. ...
Father & Son Private Money Lending is a hard money lender providing loans in Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, and Connecticut. They provide fix-and-flip hard money loans, private refinancing, ground up construction loans, commercial loans, ...
Raymond C Green Companies is a private money lender based in Boston, MA providing funding throughout Massachusetts, New Hampshire, Rhode Island, Maine, Connecticut, and Florida. They provide loans for a variety of situations and needs, including construction loans, ...
Layla Capital is a hard money lender headquartered in New York, NY providing loans in 10 states across the country. They provide lending solutions for many different scenarios, including short term fix and flip loans, construction loans, hard money ...
Ary Ming Asset Funding is a Newark, NJ based private lender. They provide funding in Philadelphia, Scranton, and Allentown. They offer construction loans, bridge loans, long term rental property loans, and fix and flip hard money ...
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 ...
Normandy is a Rochester, NY based private money lender. They provide funding in 39 states throughout the country. They provide ground-up construction loans, long term rental property loans, cash out hard money loans, fix and flip hard money ...
Headquartered in Providence, RI, Northborough Capital Partners is an asset-based lender offering funding in Massachusetts, New Hampshire, Rhode Island, Maine, and Connecticut. They offer loans for a variety of situations, including refinancing, ground up construction loans, fix-and-flip loans, ...
The Grossman Companies is a Quincy, MA based private lender offering loans throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York. They offer fix-and-flip hard money loans, short term bridge loans, hard money loans for commercial properties, ...
Universal Capital is an asset-based lender headquartered in Andover, MA offering funding in Massachusetts, New Hampshire, Maine, Rhode Island, Connecticut, and Florida. They provide fix-and-flip hard money loans, private commercial loans, hard money bridge loans, and ground-up ...
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 ...
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 ...
Headquartered in Wellesley, MA, Pro Builder Financial is a hard money lender offering funding throughout New Hampshire, Massachusetts, Connecticut, Rhode Island, and Maine. They offer commercial hard money loans, construction loans, fix and flip loans, buy and hold ...
Lend Some Money is hard money lender headquartered in East Haven, CT. They offer loans throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and New York. They offer loans for many different scenarios, including short term loans, ...
Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US. They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...
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 ...
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 ...
3 J Bar-K is a hard money lender headquartered in Jacksonville, FL offering funding throughout the United States. They provide ground up construction loans, cash out loans, short term loans, fix and flip hard money loans, private commercial loans, ...
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. ...
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 ...
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, ...
Huntington Coast Capital is hard money lender based in Huntington Beach, CA. They offer loans throughout the country. They offer short term loans, cash out hard money loans, commercial loans, and builder loans. They offer ...
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