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New Construction Loans in Chaparral, New Mexico
There are 24 new construction lenders serving Chaparral, NM. Loan amounts average approximately $391,965. The median interest rate for hard money loans in Chaparral is 10.9%. The mean length offered for notes is 18 months. The average loan offered in this city carries a 5.0 point origination fee. Lenders offer on average a 72% loan-to-value (LTV) on deals in Chaparral.
Loan Example 1
Peggy wants to acquire a vacant lot in Chaparral, NM to build a home to resell it for a profit. The plot costs $240,000 and Peggy expects the building costs for the project will be approximately $350,000. She takes a construction loan from Yellow Sun Lending Group with the following parameters: 1) a 12 month note at 12% interest, 2) interest-only payments made each month, 3) 5 origination points at the closing by the borrower, and 4) a 50% loan to value (LTV) on the plot and the building costs. Peggy will receive the building costs in draws and there will not be a pre-payment penalty if she re-pays the note before the 12 months is over. Given the stipulations of the note, Peggy will have to fund $295,000 plus $14,750 in origination fees at the closing, then will begin making $2,950 monthly payments. Peggy's intent is to sell the new home for $790,000. If she succeeds, she will earn a total profit of $149,850 after deducting all expenses ($295,000 principle, $295,000 cash down, $14,750 origination charges and $35,400 for 12 months of payments).
Loan Example 2
Bettie is an investor who decides to build a tri-plex on a land plot in Chaparral, NM. Because she does not have the cash to pay for the total deal, she applies for a new construction private money loan from Evergreen Lending with the following parameters:
- $220,000 purchase price for the land plot
- $250,000 in construction costs
- 75% loan-to-value (LTV)
- 6 month length
- 9% rate of interest
- 2% origination fee
Bettie plans to list the house when the note expires for $700,000. If she succeeds, the final numbers will be as follows:
$700,000 sales price
- $352,500 loan principle (75% LTV)
- $117,500 cash paid at closing (25% on 75% LTV)
- $7,050 origination points (2% of the $352,500 principle)
- $15,863 interest payments (6 months x 9% interest)
-----------------------
= $207,088 total profit
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Temple View Capital
7550 Wisconsin Ave. 10th Floor
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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 ...
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. ...
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 ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
Since its inception in 2011, Lima One Capital has funded over $9 billion in loans for real estate investors who are building, improving, and stabilizing neighborhoods across the nation. Lima One’s core loan products are New Construction loans for ground-up ...
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
Park Place Finance is a nationwide, direct private lender, specializing in Fix and Flip, Bridge, and DSCR loans. With same day approvals and an average 3-5 day close time, Park Place Finance is the business partner you need to get ...
Barnett REI Finance
450 Skokie Blvd Suite 600-604
Northbrook, IL 60062
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 terms starting at 9 months, rates ...
Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 parameters are flexible, ...
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 ...
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
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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 ...
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 ...
Finance of America Commercial
4201 Congress Street, Suite 475
Charlotte, NC 28209
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 ...
11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
Empire Financial Services
PO Box 58804
Tukwilla, WA 98138
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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 ...
Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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. ...
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