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 Waterloo, Iowa
Waterloo, IA has 18 construction private money lenders serving the city. The mean loan amount in this city is $374,039. Interest rates on loans issued to Waterloo investors average 11.1%. The typical loan made in this city has a length of 21 months. The average points applied to the loans is 3.4%. Lenders typically offer a 76% loan to value on hard money loans in Waterloo.
Loan Example 1
Harvey decides to buy a land lot in Waterloo, IA 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.
Loan Example 2
Jessie is an investor in Waterloo, IA. He decides to purchase a vacant lot and construct a new single family home. In order to fund the project, he applies for a construction loan from Brook View Investments with the following terms:
- $280,000 sales price for the land
- $250,000 in construction costs
- 55% loan-to-value (LTV)
- 6 month length
- 8% interest rate
- 2% origination charge
Based on a projected $710,000 resell after the 6 months, the numbers for this project would be the following:
$710,000 sales price
- $291,500 principle (55% LTV)
- $238,500 down payment (45% on 55% LTV)
- $5,830 origination points (2% of the $291,500 principle)
- $11,660 total interest paid (6 months x 8% interest)
= $162,510 gross 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
1345 Avenue Of The Americas, 2nd Floor
New York, NY 10105
(800) 514-7350 Website
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 ...
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 ...
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
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
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
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 ...
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. ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75070
(214) 548-5190 Website
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 ...
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 ...
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 ...
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 ...
Dominion Mortgage Corporation
1990 S. Bundy Drive, Suite 640
Los Angeles, CA 90025
(310) 477-3041 Website
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 ...
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 ...
Aspen Capital Funding
9400 SW Beaverton-Hillsdale Hwy, Suite 131
Beaverton, OR 97005
(503) 295-5800 Website
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 ...
Mountain Real Estate Capital
13860 Ballantyne Corporate Place, 130
Charlotte, NC 28277
(704) 930-7501 Website
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 ...
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 ...