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 Winchester, Kentucky
A total of 20 results for new construction hard money lenders were found in Winchester, KY. The average loan amount is $359,334. The average rate for hard money loans in Winchester is 10.3%. The average note issued in the city is 17 months in length. The mean points charged on loans is 7.8%. The average loan to value (LTV) offered for loans in Winchester is 75%.
Loan Example 1
Debora is a real estate investor in Winchester, KY. She decides to acquire a home lot to construct a new duplex. Debora estimates the building costs will be about $200,000 and the plot will cost $360,000. Green Fern Investment Group will fund the project at a 80% loan-to-value (LTV) with a 12%, 18 month new construction loan with three origination points to be paid at the closing. Debora will receive the building costs in draws and there will be no pre-payment penalty if she re-pays the note early. Given this loan scenario, Debora will have to fund the following: 1) $112,000 cash down (by the 80% LTV), 2) a $13,440 origination fee ($448,000 loan principle x 3%), and 3) $4,480 monthly payments. When the loan expires, Debora sells the property for $670,000. This will make Debora a $15,920 gross profit after repaying all costs of the loan ($448,000 principle, $112,000 cash at closing, $13,440 origination fee, and $80,640 for 18 months of payment).
Loan Example 2
Marshall is a home builder and decides to build a house on a home lot in Winchester, KY. Since he does not have enough money to fund 100% of the project, he takes out a construction hard money loan from Progressive Finance Corporation with the following terms:
a) A $250,000 purchase price for the vacant plot, b) $350,000 in construction expenses, c) an 65% loan to value (LTV), d) a 18 month length, e) a 8% rate of interest, and f) a 5% origination charge.
If his achieves a $870,000 re-sell after the 18 month term, the numbers for this project would look like this:
$870,000 sales price
- $390,000 note principle (65% LTV)
- $210,000 cash paid at closing (35% on 65% LTV)
- $19,500 origination points (5% of the $390,000 principle)
- $46,800 total interest paid (18 months x 8% interest)
-----------------------
= $203,700 net 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 ...
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 ...
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 ...
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. ...
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 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 ...
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 ...
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 ...
Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States. They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...
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 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 ...
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. ...
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 ...
York Commercial Finance is an Addison, TX based private lender who provides funding all across the United States. They provide new construction loans, private refinancing, commercial loans, and short term loans. Their loan parameters are versatile, including ...
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
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