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.
New Construction Loans in St Albans, Vermont
Saint Albans, VT has 18 new construction lenders offering loans within the city. The median amount loaned is $420,000. Rates on loans made to Saint Albans borrowers average about 10.2%. The median term for notes is 22 months. The mean origination percentage applied to loans is 2.8%. Lenders in Saint Albans average a 71% loan to value (LTV) on their deals.
Loan Example 1
Tommy is a builder in Saint Albans, VT. He wants to purchase a lot and construct a new single family home. The construction costs will be around $150,000 and the plot costs $150,000. He obtains a construction loan from River City Finance with these parameters: 1) a 18 month note at 13% interest, 2) interest only payments made every month, 3) 5 origination points at closing by the borrower, and 4) a 75% loan-to-value (LTV) on the lot and the construction costs. There will be no pre-payment penalties on the loan and construction costs will be paid in a few draws. By this loan scenario, Tommy will need to contribute the following: 1) $75,000 down (by the 75% LTV), 2) a $11,250 origination fee ($225,000 loan principle x 5%), and 3) $2,438 monthly interest payments. After deducting all costs, Tommy will pocket a $34,875 total profit if he succeeds in his goal of a $390,000 sales price.
Loan Example 2
Sonya is a home builder and she decides to acquire a home lot in Saint Albans, VT in order to construct a tri-plex. She obtains a new construction loan from Dimension Funding Company with the following specifications:
- $210,000 sales price for the vacant plot
- $150,000 in building expenses
- 85% loan to value (LTV)
- 18 month term
- 14% rate of interest
- 2% origination charge
Sonya plans to list the house at the end of the term for $500,000. If she achieves her goal, the final numbers will be as follows:
$500,000 sales price
- $306,000 principle on note (85% LTV)
- $54,000 cash paid at closing (15% on 85% LTV)
- $6,120 origination points (2% of the $306,000 principle)
- $64,260 total interest paid (18 months x 14% interest)
-----------------------
= $69,620 gross profit
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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!
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Harbor Private Equity
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Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
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Peak Choice Capital
601 Silver Creek Drive
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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
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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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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 ...
Tusker Capital
6910 Halesboro Drive
Austin, TX 78736
Tusker Capital is your go-to boutique real estate lending firm that provides borrowers with quality financing quickly for fix & flip, bridge, land, new construction, and commercial projects. We're dedicated to providing top-notch customer service at every step. As fellow ...
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
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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Green Knight Funding
600 Loring Avenue, Suite 5
Salem, MA 01907
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