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New Construction Loans in Inkster, North Dakota
There are 14 search results for new construction lenders serving Inkster, ND. The mean amount loaned in the city is $643,750. The mean rate for hard money loans in Inkster is 10.4%. 20 months is the mean term for loans made in this city. The average origination for loans is 3.0 points. The typical loan-to-value for loans in Inkster is 78%.
Loan Example 1
Kara is an investor and she decides to purchase a lot in Inkster, ND and build a tri-plex. The land is listed for $290,000 and Kara estimates that the building costs for the project will be about $350,000. To fund the deal, she takes out a construction loan from Allstar Investment Company. They agree to make a loan with a 13% rate of interest for 12 months and 5 origination points paid at the closing. Additionally, they agree to fund 65% of the total expenses (the loan to value / "LTV"). Building costs are to be paid out in draws and there are no pre-payment penalties charged. By this deal scenario, Kara will be required to fund the following expenses: 1) $224,000 cash down (by the 65% LTV), 2) a $20,800 origination charge ($416,000 principle x 5%), and 3) $4,507 monthly payments. If Kara sells the home for $830,000 she will make a gross profit of $115,120 after re-paying the principle and deducting the origination expense and cumulative interest payments.
Loan Example 2
Brittany is a home builder and decides to build a single family home on a land plot in Inkster, ND. Because she does not have the money to fund the total purchase, she applies for a new construction hard money loan from Ocean View Funding Corporation with these terms:
- $380,000 sales price for the land
- $250,000 in construction costs
- 70% loan-to-value (LTV)
- 6 month length
- 9% rate of interest
- 2% origination fee
If Brittany succeeds in her goal of a $810,000 sales price, the final numbers of the project will be as follows:
$810,000 sales price
- $441,000 principle on note (70% LTV)
- $189,000 down payment (30% on 70% LTV)
- $8,820 origination fee (2% of the $441,000 principle)
- $19,845 interest payments (6 months x 9% interest)
-----------------------
= $151,335 net profit
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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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 ...
American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip 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 ...
i fund cities
448 N 10th Street, Suite 402
Philadelphia, PA 19123
i Fund Cities is a flexible and reliable lending platform providing Kick A$$ Loans to residential real estate investors nationwide. It all started in the city of brotherly love, Philadelphia, where the partners set out on a mission to provide ...
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
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 ...
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
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 ...
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. ...
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