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 Peacham, Vermont
A total of 18 records for new construction lenders were found in Peacham, VT. In this city, the mean amount loaned is $525,000. The mean rate for private loans in Peacham is 10.6%. 15 months is the mean term for notes issued in the city. The mean loan includes a 2.9 point origination cost. 75% is the typical loan to value for for loans in Peacham.
Loan Example 1
Jillian is a real estate investor who decides to acquire a vacant lot in Peacham, VT in order to build a tri-plex. Along with the $370,000 cost of the plot, Jillian expects she will have about $250,000 in construction costs to complete the home. In order to fund the deal, she obtains a construction loan from Riverside Funding Corporation. They agree to provide a loan with a 10% rate of interest for 12 months and three origination points paid at the closing. They also agree to fund 55% of the cumulative costs (the loan to value / "LTV"). Jillian is to receive the construction costs in draws and there will not be a pre-payment penalty if she repays the loan early. The borrower will be required to pay $2,842 per month in interest payments on top of $279,000 down, plus a $10,230 origination charge at closing. If Jillian then sells the property for $830,000 she will make a gross profit of $165,670 after re-paying the loan principle and subtracting the origination points and cumulative interest payments.
Loan Example 2
Harvey decides to acquire a land plot in Peacham, VT and build a new tri-plex and sell it for a profit. Because he doesn't have enough cash to fund the total project, he applies for a construction private money loan from Big Lake Finance Corporation with these specifications:
a) A $280,000 purchase price for the vacant lot, b) $250,000 in building costs, c) an 75% loan-to-value (LTV), d) a 12 month length, e) a 14% interest rate, and f) a 4 point origination fee.
After the project is complete, if Harvey lists the property for $710,000, the final numbers will be the following:
$710,000 sales price
- $397,500 principle on note (75% LTV)
- $132,500 cash paid at closing (25% on 75% LTV)
- $15,900 origination fee (4% of the $397,500 principle amount)
- $55,650 total interest paid (12 months x 14% interest)
-----------------------
= $108,450 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
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Park Place Finance
500 West 2nd Suite 1900
Austin, TX 78701
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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 ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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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 ...
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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Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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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
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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