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 Zachary, Louisiana
Zachary, LA has 20 construction private money lenders serving the city. The median loan issued is about $338,572. Rates on loans issued to Zachary investors average 11.2%. The mean note issued in this city is 15 months in length. The mean origination fee added to the loans is 3.6%. 73% is the typical loan to value offered for offered by lenders in Zachary.
Loan Example 1
Essie is a real estate investor who wants to acquire a vacant lot in Zachary, LA to build a duplex. The land costs $330,000 and Essie expects the building costs for the new house will be approximately $150,000. She obtains a new construction loan from All State Investment Group with the following terms: 1) a 12 month note at 13% interest, 2) interest-only payments made monthly, 3) 3 origination points paid at the closing by the borrower, and 4) a 70% loan to value (LTV) on both the lot and the building costs. They will not assess a pre-payment penalty and they will pay out the building costs in four draws. The borrower will need to pay $3,640 per month in loan payments in addition to $144,000 down, plus a $10,080 origination fee at the closing. If Essie then sells the property for $670,000 she will make a total profit of $136,240 after returning the principle and subtracting the origination fee and total interest payments.
Loan Example 2
Lela decides to buy a land plot in Zachary, LA to build a new duplex in order to sell it. She takes out a construction loan from East Shore Lending Corporation with these stipulations:
- $310,000 sales price for the land lot
- $200,000 in building expenses
- 55% loan-to-value (LTV)
- 12 month term
- 10% rate of interest
- 4% origination fee
Lela wants to list the project at the end of the term for $680,000. If she achievs this goal, the deal numbers will be as follows:
$680,000 sales price
- $280,500 note principle (55% LTV)
- $229,500 down payment (45% on 55% LTV)
- $11,220 origination fee (4% of the $280,500 principle amount)
- $28,050 interest payments (12 months x 10% interest)
-----------------------
= $130,730 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 ...
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 ...
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
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 ...
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 ...
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 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 ...
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 ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
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