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 Brandon, Vermont
Brandon, VT has 18 construction private money lenders offering loans within the city. The median note issued to borrowers is approximately $434,722. The median rate for loans in Brandon is 12.6%. The typical length for loans is 24 months. The average loan made in this city carries a 3.0 percent origination fee. 72% is the average loan to value for offered by lenders in Brandon.
Loan Example 1
Terrance is a builder and decides to construct a single family home on a land lot in Brandon, VT. In addition to the $270,000 price of the lot, Terrance thinks he will need about $200,000 in building expenses to complete the project. He takes a new construction loan from West Side Funding Corporation with these specifications: 1) a 18 month note at 8% interest, 2) interest-only payments made monthly, 3) 4 origination points at the closing by the borrower, and 4) a 55% loan-to-value (LTV) on the plot and the building expenses. They agree not to enforce a pre-payment penalty and they will contribute the building expenses in multiple draws. The borrower will have to pay $1,723 monthly in interest payments in addition to $211,500 down, plus a $10,340 origination fee at the closing. When the loan expires, Terrance re-sells the home for $630,000. This will net Terrance a $118,640 net profit after re-paying all expenses of the deal ($258,500 principle amount, $211,500 cash at closing, $10,340 origination fee, and $31,020 for 18 months of payment).
Loan Example 2
Edward is a home builder and wants to build a house on a vacant lot in Brandon, VT. He gets a new construction loan from Red View Funding with these specifications:
a) A $220,000 sales price for the vacant plot, b) $200,000 in construction costs, c) an 70% loan-to-value (LTV), d) a 12 month length, e) a 13% interest rate, and f) a 3% origination charge.
Edward wants to list the house at the end of the term for $520,000. If he achievs this goal, the project numbers will be the following:
$520,000 sales price
- $294,000 principle on note (70% LTV)
- $126,000 cash paid at closing (30% on 70% LTV)
- $8,820 origination fee (3% of the $294,000 principle amount)
- $38,220 total interest paid (12 months x 13% interest)
-----------------------
= $52,960 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.
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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 ...
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 ...
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 ...
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 ...
Ridge Street
7901 4th St N Suite
St. Petersburg, FL 10265
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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
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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. ...
Father & Son Private Money Lending is a hard money lender providing loans in Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, and Connecticut. They provide fix-and-flip hard money loans, private refinancing, ground up construction loans, commercial loans, ...
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 ...
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