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New Construction Loans in Cavendish, Vermont
Cavendish, VT has 19 new construction lenders issuing loans in the city. The average note issued is around $810,000. The average rate for hard money loans in Cavendish is 11.1%. The typical length for loans is 18 months. The mean note includes a 5.8 point origination charge. 70% is the mean LTV for offered by lenders in Cavendish.
Loan Example 1
Jessie is a home builder who decides to construct a single family home on a vacant lot in Cavendish, VT. The plot is listed for $400,000 and Jessie expects the construction costs for the project will be approximately $200,000. She obtains a new construction loan from Pretty Perfect Funding Corporation with these terms: 1) a 18 month note at 12% interest, 2) interest-only payments made each month, 3) 3 origination points paid at the closing by the borrower, and 4) a 55% loan-to-value (LTV) on both the plot and the construction costs. There are no pre-payment penalties on the loan and construction costs will be paid out over multiple draws. Given this deal scenario, Jessie will need to contribute the following expenses: 1) $270,000 cash down (based on the 55% LTV), 2) a $9,900 origination charge ($330,000 principle x 3%), and 3) $3,300 monthly interest payments. If Jessie sells the home for $780,000 she will pocket a total profit of $110,700 after re-paying the principle amount and deducting the origination points and cumulative interest.
Loan Example 2
Edward decides to acquire a land lot in Cavendish, VT and construct a new home to resell it. Because he doesn't have the cash to fund the full deal, he obtains a new construction private money loan from Assurance Finance Group with the following parameters:
a) A $290,000 sales price for the land, b) $250,000 in building expenses, c) an 70% loan-to-value (LTV), d) a 6 month length, e) a 8% rate of interest, and f) a 4% origination fee.
Edward intends to sell the project at the end of the term for $700,000. If he succeeds, the final numbers will be the following:
$700,000 sales price
- $378,000 principle on note (70% LTV)
- $162,000 cash paid at closing (30% on 70% LTV)
- $15,120 origination fee (4% of the $378,000 principle amount)
- $15,120 total interest paid (6 months x 8% interest)
-----------------------
= $129,760 total profit
Offering Fix and Flip, Bridge, and DSCR loans. With same day approvals, 3-5 day close time, and lending in 47 states, Park Place Finance will get your next deal funded fast!
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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, ...
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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 ...
Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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 ...
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, ...
Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
We lend to all different kinds of real estate investors, whether you are an expert or a novice. We provide funding for building from the ground up, fix-and-flip projects, and a range of single- and multi-family rental loans. Start your ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
New Silver is a fintech that provides fast financing to real estate investors who focus on fix and flip residential projects. New Silver’s software accelerates, automates and streamlines loan originations, while using data to reduce default risk. You can get ...
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 ...
Kings of Capital
550 Pinetown Rd
Fort Washington, PA 12034
Kings of Capital is the leading Nationwide Hard Money Lender that specializes in fast and flexible lending processes across the country. Our company is led by experienced Real Estate lenders providing a professional, knowledgeable, and hard-working team to help all ...
Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
Lend Some Money is a national private lender that makes hard money commercial loans for the refinance or purchase of non-owner-occupied residential and mixed-use commercial properties. Its industry-leading technology platform allows it to provide real estate investors and brokers ...
Primeau Funding
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
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Edward Voccola & Co
75 Arlington Street, Suite 500
Boston, MA 02116
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 ...
Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
Based in Salem, MA, Green Knight Funding is a hard money lender offering funding throughout Massachusetts, New Hampshire, Connecticut, Vermont, Rhode Island, Maine, and Florida. They offer lending solutions for a variety of situations and needs, including fix ...
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