Alaska New Construction Loans
A total of 11 results for construction private money lenders were found in Alaska. The median note amount in the state is $449,202. The median rate for hard money loans in Alaska is 10.9%. The typical note issued in this state is for 17 months. The mean origination fee for loans is 3.5 points. The median loan to value (LTV) offered for loans in Alaska is 75%.
Loan Example 1
Frederick is a builder who wants to acquire a land plot in Eagle River, AK and build a tri-plex. The building costs will be approximately $200,000 and the lot will cost $250,000. South Side Finance Company will contribute to the project at a 50% loan-to-value (LTV) with a 10%, 18 month construction loan with 3 origination points paid at closing. They will not charge a pre-payment penalty and they will issue the building costs in a few draws. The borrower will have to pay $1,875 monthly in interest payments on top of $225,000 down, plus a $6,750 origination charge at the closing. After deducting all costs, Frederick will earn a $49,500 total profit if he achieves his goal of a $540,000 sales price.
Loan Example 2
Leroy is an investor who wants to buy a land lot in Anchorage, AK and construct a new tri-plex. He obtains a new construction loan from GJ Lending with these specifications:
Recreation Activities include:
If Leroy succeeds in his goal of a $460,000 sales price, the final numbers of the deal will be as follows:
$460,000 sales price
- $180,000 principle on note (50% LTV)
- $180,000 down payment (50% on 50% LTV)
- $5,400 origination fee (3% of the $180,000 principle amount)
- $24,300 total interest paid (18 months x 9% interest)
-----------------------
= $70,300 gross profit
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Temple View Capital
7550 Wisconsin Ave. 10th Floor
Bethesda, MD 20814
Temple View Capital is a private lender headquartered in Bethesda, MD. They provide loans in 46 states throughout the US. They provide short-term and long-term fix and flip loans, loans for rental properties, bridge loans, and ground-up new construction loans ...
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, ...
Conventus
111 Potrero Avenue
San Francisco, CA 94103
Conventus is a San Francisco, Direct Lender. We offer bridge and DSCR. New construction as well. We offer fix and flip loans at no points, and have a 90% program. Minimum FICO: 660. Contact Melissa at mkorda@cvlending.com for pricing 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 ...
PB Financial Group
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out 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 ...
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, ...
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 ...
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. ...
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 ...
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