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 Whitefish, Montana
Whitefish, MT has 19 new construction lenders operating within the city. The mean loan amount in the city is $335,000. The mean interest rate for loans in Whitefish is 10.9%. The median length offered for notes is 14 months. The average origination percentage charged on the loans is 3.0%. 75% is the average LTV offered for offered by lenders in Whitefish.
Loan Example 1
Jayne is a home builder and she decides to construct a home on a land lot in Whitefish, MT. The land is available for $360,000 and Jayne expects that the construction costs for the project will be approximately $200,000. River City Funding Corporation makes a 60% loan to value (LTV) new construction loan to Jayne in order to complete the transaction. They also agree to a 10% rate of interest for 18 months plus a four point origination fee. There will be no pre-payment penalties for the loan and construction expenses will be paid out over three draws. The borrower will be required to pay $2,800 monthly in interest payments in addition to $224,000 down, plus a $13,440 origination charge at closing. At the end of the loan, Jayne re-sells the home for $720,000. This will make Jayne a $96,160 gross profit after re-paying all expenses of the loan ($336,000 principle, $224,000 cash at closing, $13,440 origination charges, and $50,400 for 18 months of payment).
Loan Example 2
Lilia is a home builder and she decides to acquire a lot in Whitefish, MT in order to construct a new house. In order to pay for the project, she applies for a new construction loan from Number One Finance Corporation with the following stipulations:
- $320,000 sales price for the land plot
- $350,000 in building expenses
- 55% loan-to-value (LTV)
- 12 month length
- 10% interest rate
- 3% origination charge
After the construction is finished, if Lilia lists the house for $930,000, the final numbers will be as follows:
$930,000 sales price
- $368,500 loan principle (55% LTV)
- $301,500 down payment (45% on 55% LTV)
- $11,055 origination points (3% of the $368,500 principle amount)
- $36,850 interest payments (12 months x 10% interest)
-----------------------
= $212,095 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 ...
Headquartered in Salt Lake City, UT, Taylor Derrick Capital is a hard money lender offering funding in 10 states across the country. They provide lending solutions for a variety of scenarios, including commercial loans, loans for rental properties, 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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 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 ...
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 ...
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 ...
Skyline Home Loans is a private money lender headquartered in Peoria, AZ providing loans across the US. They offer lending solutions for many different situations, including short term fix and flip loans, ground-up construction loans, and rental property ...
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 ...
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