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!
New Construction Loans in Daytona Beach, Florida
There are 50 construction hard money lenders serving Daytona Beach, FL. The mean loan made to borrowers is approximately $418,750. Rates on loans made to Daytona Beach borrowers average around 10.4%. The typical length offered for loans is 16 months. The mean loan includes a 2.8 point origination cost. Lenders in Daytona Beach average a 75% loan-to-value on their deals.
Loan Example 1
Milton is a builder and he decides to build a single family home on a vacant lot in Daytona Beach, FL. The building costs will be about $350,000 and the plot costs $320,000. In order to pay for the transaction, he applies for a construction loan from Cordial Funding. They agree to issue a note with a 14% interest rate for 18 months and five origination points to be paid at closing. They also agree to fund 65% of the total costs (the loan-to-value or "LTV"). They will not charge a pre-payment penalty and they will pay out the building costs in three draws. According to this loan scenario, the lender will fund $435,500 of the plot and the building costs. The borrower will need to pay $234,500 down, a $21,775 origination fee, and $5,081 per month in note payments. When the loan expires, Milton sells the house for $870,000. This will earn Milton a $86,770 total profit after paying back all costs of the loan ($435,500 principle amount, $234,500 cash at closing, $21,775 origination charges, and $91,455 for 18 months of payment).
Loan Example 2
Anthony is a builder and wants to buy a land lot in Daytona Beach, FL to build a new single family home. Since he does not have the cash to fund the full project, he applies for a construction hard money loan from Red View Finance with these terms:
a) A $210,000 purchase price for the land, b) $200,000 in construction costs, c) an 60% loan-to-value (LTV), d) a 12 month length, e) a 13% interest rate, and f) a 4% origination fee.
After the construction is complete, if Anthony sells the house for $570,000, the final numbers would be as follows:
$570,000 sales price
- $246,000 note principle (60% LTV)
- $164,000 cash paid at closing (40% on 60% LTV)
- $9,840 origination points (4% of the $246,000 principle)
- $31,980 interest payments (12 months x 13% interest)
-----------------------
= $118,180 net profit
Funding Fix & Flip, Ground-Up Construction, and DSCR loans in 35 States. We're the lender for real estate entrepreneurs looking for fast funding, fair pricing, and amazing service.
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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, ...
"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 ...
Nationwide Mortgage
1963 OToole Way Suite 200
San Jose, CA 92691
Nationwide Mortgage in located in San Jose, CA provides assistance arranging hard money loans for commercial properties, fix and flip hard money loans, hard money refinancing, loans for rental properties, and short term bridge loans. Loan amounts ranging from $100,000 ...
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, ...
Kiavi
575 Market Street
San Francisco, CA 94105
With more than $20B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way ...
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 ...
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 ...
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 ...
Alpha Funding Solutions
29 Union Ave
Lakehurst, NJ 08733
Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
Brickell Financial
175 SW 7th St, Suite 1900
Miami, FL 33130
Brickell Financial is a private money lender based in Miami, FL offering loans throughout Florida. They offer lending solutions for a variety of situations, including hard money construction loans, private refinancing, short term bridge loans, long term rental property ...
Paces Funding
3015-B Piedmont Road
Atlanta, GA 30305
Paces Funding is hard money lender based in Atlanta, GA. They offer loans in Nashville and Atlanta. They offer lending solutions for a variety of needs and situations, including hard money construction loans, investment property loans, commercial ...
Angel Oak Prime Bridge
980 Hammond Drive, Suite 850
Atlanta, GA 30328
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
Asset Based Lending LLC
66 Hudson Street, Suite 301
Hoboken, NJ 07030
Asset Based Lending LLC is a Hoboken, NJ based hard money lender who offers funding in 9 states across the US. They offer loans for a variety of scenarios, including new construction loans, hard money refinancing, loans for investments ...
LYNK Capital
7100 Six Forks Road, Suite 335
Raleigh, NC 27615
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
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 ...
CR Lending
130 N Preston Rd
Prosper, TX 75078
The ORIGINAL LENDER of NOT requiring any of the below: - NO Application - NO Tax Returns- NO Credit Check - NO Appraisals - NO Pre-Inspection - NO Prepay Penalty - NO Upfront Fee - NO Survey - NO Bank ...
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 ...
Level 4 Funding
440 E Huntington Dr #300
Arcadia, CA 91016
Based in Arcadia, CA, Level 4 Funding is a private lender providing loans in 8 states across the country. They offer cash out hard money loans, short term bridge loans, construction loans, rental property loans, private commercial loans, ...
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, ...
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 ...
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 ...
NSB Financing
1101 Brickell Ave
Miami, FL 33131
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...
Hanson Capital Group
7621 E. Gray Rd. Suite B2
Scottsdale, AZ 85260
Hanson Capital is a collateral based lender, so credit isn´t as important to us as the real estate itself. Our goal is to keep the process as simple as possible, from the initial screening to approval.At Hanson Capital, we’re more ...
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, ...
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, ...
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 ...
Private Money Utah
349 E. 900 S. Suite 201
Salt Lake City, UT 84111
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...
Ridge Street
7901 4th St N Suite
St. Petersburg, FL 10265
Funding Fix & Flip, Ground-Up Construction, and DSCR loans in 35 States. We're the lender for real estate entrepreneurs looking for fast funding, fair pricing, and amazing service.
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 ...
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 ...
Empire Financial Services
PO Box 58804
Tukwilla, WA 98138
Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country. They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...
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 ...
Full Scope Capital
7424 Baltimore Annapolis Blvd Suite 1
Glen Burnie, MD 21061
Full Scope Capital is a Glen Burnie, MD based private lender. They offer loans throughout Maryland, Washington DC, Pennsylvania, Virginia, Delaware, New Jersey, and Florida. They offer loans for many different needs and situations, including cash out ...
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 ...
Aegis RE Partners
5510 W. La Salle Street, 3rd Floor
Tampa, FL 33607
Based in Tampa, FL, Aegis RE Partners is a private lender providing loans throughout California and Florida. They offer loans for many different situations, including short term fix and flip loans and builder loans. They provide rates ...
New Wave Loans
19950 W. Country Club Drive, #904
Aventura, FL 33180
New Wave Loans is an asset-based lender based in Aventura, FL providing funding throughout New York, Arizona, Illinois, and Florida. They provide lending solutions for a variety of situations, including buy and hold loans, commercial loans, ground up ...
Baker Collins & Co.
260 Peachtree St, Suite 1002
Atlanta, GA 30303
Baker Collins & Co. is a Private Real Estate Lending Group that provides streamlined, hassle-free lending options to fit the way you invest. Baker Collins & Co. is rated #1 for client satisfaction and is a leading private money financier ...
Raymond C Green Companies
155 Federal Street, Suite 1300
Boston, MA 02110
Raymond C Green Companies is a private money lender based in Boston, MA providing funding throughout Massachusetts, New Hampshire, Rhode Island, Maine, Connecticut, and Florida. They provide loans for a variety of situations and needs, including construction loans, ...
Universal Capital
138 River Rd
Andover, MA 01810
Universal Capital is an asset-based lender headquartered in Andover, MA offering funding in Massachusetts, New Hampshire, Maine, Rhode Island, Connecticut, and Florida. They provide fix-and-flip hard money loans, private commercial loans, hard money bridge loans, and ground-up ...
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 ...
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. ...
Refresh Real Estate Funding
1680 Michigan PH 4
Miami Beach, FL 33139
Refresh Real Estate Funding is hard money lender headquartered in Miami Beach, FL. They offer funding throughout Florida. They offer lending solutions for a variety of needs and situations, including fix and flip loans, new construction loans, ...
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 ...
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 ...
NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US. They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...