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Commercial Hard Money Loans in Locust, North Carolina
There are 50 commercial hard money lenders operating in Locust, NC. The mean note made is about $566,000. Rates on hard money loans made to Locust investors average around 10.6%. The typical length offered for notes is 22 months. The average origination fee for the loans is 2.4 points. Lenders offer on average a 76% loan-to-value on loans in Locust.
Loan Example 1
Nathan is a business owner in Locust, NC. He decides to buy a new retail space for his company but he isn't able to get a conventional mortgage loan from his bank because of his subpar credit rating. He looks to Rising Sun Investment Company for a commercial hard money loan so he can close the acquisition. Since the borrower and lender contract to a 80% loan to value (LTV), Nathan will fund $250,000 at the close and the loan principle amount will be $1,000,000 since the cost of the building is $1,250,000. The deal also specifies a 4 year length, a 10% interest rate, interest-only payments paid each month with a final payment when the note expires (with no pre-payment penalty), and a 4 percent origination fee. Nathan will have to pay the origination fee of $40,000 and he will then begin to make the interest payments of $8,333 ($1,000,000 principle x 10% interest / 12 months). He can repay the note early if he chooses since there is no pre-payment penalty but he is responsible for the principle when he closes the loan.
Loan Example 2
To accommodate his small business, Ron needs to purchase a new building. After he is turned down for conventional mortgage loan from his local bank, he secures a commercial private money loan from Red City Investment Corporation. The lender contracts to a 70% loan-to-value (LTV) on the deal and the building costs $1,180,000, so they will fund $826,000 and Ron will bring the additional $354,000. The parameters of the deal include a 1 year term, a 9% interest rate, and 1 origination points to be paid by the borrower when the deal closes. Ron can eliminate the loan at any point in time if he pays off the $826,000 in principle, but he will have to pay $6,195 per month interest payments ($826,000 principle x 9% interest rate / 12 months) in the interim, or until the note expires. Since there isn't a pre-payment penalty, the only other cost he will have is the $8,260 origination fee which he will pay when the loan closes.
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
"WE LEND YOU GROW" Xpress Loans 911 believes that your business should have ready access to working capital, just like big corporations do. So, we pair you with funders that focus on working with small and mid-sized businesses and are ...
Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
In The Black Commercial Finance
301 McCullough Drive, Suite 400
Charlotte, NC 28262
In The Black Commercial Finance is a Charlotte, NC based hard money lender providing loans in Charlotte. They provide ground up construction loans and commercial loans. They offer rates starting at 3.75% , loan amounts ranging ...
212 Loans
909 NE Loop 410 Suite #100
San Antonio, TX 78209
212 Loans is a San Antonio, TX based private lender offering loans across these areas: Los Angeles, San Diego, Denver, Phoenix, Dallas, Fort Worth, Austin, San Antonio, Houston, Galveston, Chicago, Nashville, Atlanta, Charlotte, and Tampa. They offer loans ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
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 $7.1 Billion life-to-date in total loan volume to real estate investors. ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
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, ...
CMN Funding
1510 Central Ave, Suite 380
Albany, NY 12205
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial real estate loans. They issue loan amounts starting at $100,000 with no maximum. They will ...
ACC Mortgage
932 Hungerford Drive, Unit 6
Rockville, MD 20850
Based in Rockville, MD, ACC Mortgage is a hard money lender offering loans in 16 states across the country. They offer fix and flip loans, commercial loans, private refinancing, and buy and hold loans. Their loan parameters ...
Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
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 their own ...
COGO Capital
1121 E. Mullan Ave
Coeur d'Alene, IA 83814
Based in Coeur d'Alene, IA, COGO Capital is an asset-based lender providing loans in 45 states throughout the US. They provide private commercial loans, fix-and-flip loans, and loans for investments properties. Their loan guidelines are flexible, including ...
Silver Hill Funding
4425 Ponce De Leon Blvd, Suite 250
Coral Gables, FL 33146
Silver Hill Funding is private lender based in Coral Gables, FL. They provide funding in 39 states throughout the United States. Their lending focus is primarily on commercial loans. They provide rates ranging between 6% ...
Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
Patch Lending (formally Patch of Land) is a national private lender offering real estate investors fast and reliable financing for investment properties. Patch offer short-term single-family and multi-family bridge, fix & flip, ground-up construction, and long-term rental property financing. They ...
Washington Capital Partners
2815 Hartland Road, Suite 200
Falls Church, VA 22043
Based in Falls Church, VA, Washington Capital Partners is a direct hard money lender providing loans in Washington DC, Maryland, Virginia, Pennsylvania, North Carolina, and beyond. They offer lending solutions for a variety of investing strategies, including fix and flip ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...
Carolina Hard Money
4607 Charlotte Hwy, suite 3
Lake Wylie, SC 29710
Carolina Hard Money is private money lender headquartered in Lake Wylie, SC. They offer loans in North Carolina and South Carolina. They provide lending solutions for a variety of needs and situations, including cash out hard money ...
T&M Commercial Funding
259 Minot Ave
Auburn, ME 04210
T&M Commercial Funding is an Auburn, ME based private lender who provides loans in 47 states across the US. They provide lending solutions for a variety of situations and needs, including bridge loans and commercial hard money loans. ...
Oakwood Lending
7300 ACC Blvd
Raleigh, NC 27617
Headquartered in Raleigh, NC, Oakwood Lending is a private lender providing loans throughout North Carolina. They offer commercial loans and fix-and-flip hard money loans. Their lending parameters are flexible, including loan amounts up to $150,000 with a ...
Layla Capital
7777 Glades Road
Boca Raton, FL 33436
Layla Capital is a direct lender based in Boca Raton, FL (formerly New York City) that specializes in small to middle market debt opportunities in primary and secondary markets nationwide, with a greater focus on the East Coast and Midwest. ...
Genesis Capital
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
Genesis Capital is a Woodland Hills, CA based private lender. They provide funding in 17 states throughout the United States. They offer ground up construction loans, bridge loans, buy and hold loans, fix-and-flip loans, private refinancing, and ...
Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
Walnut Street Finance
4021 University Dr #200
Fairfax, VA 22030
Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Virginia, Maryland, Washington, DC, Delaware, North Carolina, South Carolina, and Pennsylvania.They require minimal upfront capital from their borrowers and ...
National Advance Group
1 Linden Place
Great Neck, NY 11021
Based in Great Neck, NY, National Advance Group is an asset-based lender providing loans in 50 states across the United States. They offer lending solutions for a variety of scenarios, including commercial hard money loans and fix-and-flip hard money ...
Cherrywood Commercial
20955 Pathfinder Road, Suite 370
Diamnond Bar, CA 91765
Cherrywood Commercial is a Diamnond Bar, CA based private money lender who provides loans in 48 states throughout the United States. They provide lending solutions for many different situations, including short term bridge loans and commercial hard money loans. ...
Sharestates
45 North Station Plaza
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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 construction loans, ...
Pepe Berard Capital
211 South Ridge Street
Rye Brook, NY 10573
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
Capital Three Sixty
7 Towpath Lane
Avon, CT 06001
Based in Aon, CT, Capital Three Sixty is an asset-based lender providing loans in 15 states across the United States. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, loans for investments ...
Velocity Mortgage Capital
11241 Willows Rd NE, Suite 120, Bldg C
Redmond, WA 98052
Velocity Mortgage Capital is a wholesale, nationwide lender for asset-based, investment real estate, lending since 2004. We never look at the tax returns or personal income statements of our borrowers. Instead, our focus is the income producing potential of the ...
Roc Capital
645 Madison Ave
New York City, NY 10022
Headquartered in New York, NY, Roc Capital is a lender offering loans all across the United States. They offer fix-and-flip loans, private refinancing, bridge loans, and commercial loans. Their loan guidelines are flexible, including rates starting at 7.49% , loan ...
REI Capital
5660 Strand Court
Naples, FL 34110
Direct Lender Programs - Purchase, Refi, Cash Out, Rehab, Construction, Property Types SFR, 2-4's, Residential Portfolios, Loan Amounts from 250k to 3.5m, Nationwide excluding MN, ND, OR, SD, VT, NV, AZ & UT. -------- All Inclusive Lending Additional Programs ...
AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
AMUSA Commercial Capital is a Dallas, TX based private money lender. They provide funding throughout the country. Their lending focus is mainly on non-bankable commercial real estate loans and Investment 1 to 4 loans. Their loan guidelines are flexible, including ...
Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
Gokapital, Inc. is a Miami, FL based private lender who provides funding all throughout the US.Providing lending solutions for a variety of situations, including loans for rental properties, cash out, hard money loans, fix-and-flip loans, hard money loans for commercial ...
America's Funding Partners
9611 Brookdale Drive, Suite 100
Charlotte, NC 28215
America's Funding Partners is hard money lender headquartered in Charlotte, NC. They offer loans in Charlotte. They offer commercial loans and short term loans. They provide loan amounts ranging from $1,000,000 to $25,000,000 with a ...
BLS Finance
401 North Tryon St
Charlotte, NC 28202
BLS Finance is a Charlotte, NC based private lender who offers loans throughout Charlotte. Their lending focus is mainly on commercial loans. They provide loan amounts ranging from $75,000 to $100,000,000. They will make ...
Real Funding Carolina
1515 Mockingbird Ln # 904
Charlotte, NC 28209
Real Funding Carolina is private money lender based in Charlotte, NC. They provide loans throughout North Carolina. They provide rental property loans, fix-and-flip loans, hard money refinancing, and private commercial loans. Their lending guidelines are ...
LandLoan.com
10401 North Meridian
Indianapolis, IN 46290
LandLoan.com is an asset-based lender in Indianapolis, IN offering funding in 14 states throughout the US. Their focus is mainly on commercial loans. They issue terms between 6 months and 3 years, rates ranging between 8% ...
Convisions Capital Group
5709 Enoree Lane
Raleigh, NC 27616
Convisions Capital Group is a Raleigh, NC based hard money lender offering loans throughout Los Angeles. They provide commercial hard money loans, fix-and-flip hard money loans, ground-up construction loans, bridge loans, buy and hold loans, and refinancing. ...
US Best Capital Partners LLC
7051 OLD STEUBENVILLE PIKE
Oakdale, PA 15071
US Best Capital Partners LLC is a private lender headquartered in Oakdale, PA offering funding in 41 states across the country. Their focus is primarily on hard money loans for commercial properties. Their lending parameters are versatile, including ...
LendingHQ
Charleston, SC
LendingHQ is a Charleston, SC based private lender offering loans throughout Georgia, South Carolina, and North Carolina. They offer lending solutions for many different situations and needs, including fix and flip hard money loans, commercial loans, and ...
BridgeInvest
2601 South Bayshore Drive, Suite 1460
Miami, FL 33133
BridgeInvest is a Miami, FL based private money lender who offers loans throughout Georgia, Florida, Texas, and North Carolina. They provide loans for many different scenarios, including fix and flip hard money loans, cash out loans, short term ...
Allied Commercial Funding
5737 Kanan Rd
Agoura Hills, CA 91301
Allied Commercial Funding is private lender headquartered in Agoura Hills, CA. They provide funding in 43 states throughout the US. They provide lending solutions for a variety of situations and needs, including hard money loans for commercial ...
Unlimited Capital Group
2670 N. Main St, Suite 350B
Santa Ana, CA 92705
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...
YC Funding
1010 NE 2nd Ave
Miami Beach, FL 33132
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
Vista Commercial Capital
800 Park Office Drive, Suite 3106
Research Triangle Park, NC 27709
Vista Commercial Capital is a private lender in Research Triangle Park, NC offering loans in North Carolina. They offer lending solutions for a variety of situations, including fix and flip loans and commercial hard money loans. ...
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