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 Williston, North Dakota
A total of 13 search results for new construction hard money lenders were found in Williston, ND. The average amount loaned is $534,375. The average interest rate for loans in Williston is 11.2%. The average term offered for loans is 26 months. The average loan includes a 3.1 percent origination cost. Lenders typically offer a 73% loan to value on deals in Williston.
Loan Example 1
Scott is a real estate investor in Williston, ND. He decides to acquire a lot to construct a new single family home. Scott estimates the building expenses will be around $400,000 and the lot will cost $400,000. Red Oak Investment Group will fund the deal at a 85% loan-to-value (LTV) with a 13%, 18 month construction loan with five origination points to be paid at closing. There will be no pre-payment penalties on the deal and building expenses will be paid over several draws. According to this loan scenario, the lender will fund $680,000 of the purchase and the building expenses. The borrower will have to pay $120,000 down, a $34,000 origination fee, and $7,367 per month in interest payments. If Scott sells the project for $1,080,000 he will make a gross profit of $113,400 after repaying the loan principle and deducting the origination fee and total interest payments.
Loan Example 2
Jonathan is a home builder and he decides to build a tri-plex on a land lot in Williston, ND. He takes a construction loan from South Star Finance Corporation with these terms:
- $390,000 purchase price for the land plot
- $250,000 in construction expenses
- 55% loan-to-value (LTV)
- 12 month length
- 8% rate of interest
- 5% origination fee
Assuming a $960,000 re-sell after the 12 month term, the numbers for this project would be as follows:
$960,000 sales price
- $352,000 loan principle (55% LTV)
- $288,000 down payment (45% on 55% LTV)
- $17,600 origination points (5% of the $352,000 principle)
- $28,160 interest payments (12 months x 8% interest)
= $274,240 total profit
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
George Smith Partners
10250 Constellation Blvd, Suite 2700
Los Angeles, CA 90067
(310) 557-8336 Website
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 ...
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 ...
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 ...
Commonwealth Equity Funding
Commonwealth Equity Funding is an asset-based lender in Boston, MA providing loans throughout the US. They provide fix and flip hard money loans, commercial loans, ground up construction loans, and bridge loans. Their loan guidelines are versatile, ...