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New Construction Loans in Dickinson, North Dakota
A total of 14 records for new construction hard money lenders were found in Dickinson, ND. The mean amount for loans in the city is $417,188. The mean interest rate for private loans in Dickinson is 11.2%. The mean loan issued in the city has a length of 43 months. The average origination for the loans is 8.0 points. Lenders typically offer a 76% loan-to-value (LTV) on deals in Dickinson.
Loan Example 1
Bethany wants to purchase a vacant lot in Dickinson, ND to construct a duplex and sell it for a profit. Bethany thinks the building costs will be around $300,000 and the land will cost $310,000. K & M Lending will fund the transaction at a 55% loan-to-value (LTV) with a 10%, 18 month construction loan with 2 origination points paid when the transaction closes. There will be no pre-payment penalties for the loan and building costs will be paid out over multiple draws. According to the stipulations of this note, Bethany will have to fund $274,500 plus $6,710 in origination fees at the closing, then will start making $2,796 per month payments. At the end of the loan, Bethany re-sells the home for $850,000. This will net Bethany a $182,965 total profit after paying back all costs of the deal ($335,500 principle, $274,500 cash down, $6,710 origination fee, and $50,325 for 18 months of interest payments).
Loan Example 2
Marta is a real estate investor and decides to buy a land plot in Dickinson, ND and construct a new tri-plex. She applies for a construction loan from East Side Finance Group with the following terms:
- $180,000 sales price for the land plot
- $350,000 in building expenses
- 75% loan-to-value (LTV)
- 18 month length
- 8% rate of interest
- 2% origination charge
After the project is finished, if Marta sells the house for $760,000, the final numbers will be as follows:
$760,000 sales price
- $397,500 note principle (75% LTV)
- $132,500 down payment (25% on 75% LTV)
- $7,950 origination fee (2% of the $397,500 principle amount)
- $47,700 total interest paid (18 months x 8% interest)
-----------------------
= $174,350 gross 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 ...
Navigator Private Capital
1910 Towne Centre Blvd. Suite 250
Annapolis, MD 21401
Offering a better alternative to hard money, Navigator Private Capital, LLC (NavCap) has reimagined private real estate lending--making it accessible to real estate investors at all experience levels. As private money lenders, we fund short- and long-term low-risk development projects ...
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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