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 Williston, Vermont
We found 17 records for new construction lenders in Williston, VT. The median amount for loans is $540,556. The median interest rate for loans in Williston is 9.5%. 24 months is the median length for loans issued in the city. The average loan includes a 2.3 percent origination charge. Lenders typically offer a 72% loan to value (LTV) on loans in Williston.
Loan Example 1
Frankie is an investor who decides to construct a tri-plex on a vacant lot in Williston, VT. The construction costs will be around $150,000 and the lot will cost $320,000. In order to pay for the transaction, she takes a new construction loan from Allstar Lending Group. They contract to provide a note with a 9% rate of interest for 18 months and 2 origination points paid at closing. They also agree to contribute 80% of the total expenses (the loan-to-value or "LTV"). They agree not to charge a pre-payment penalty and they will fund the construction expenses in several draws. The borrower will be required to pay $2,820 per month in interest payments in addition to $94,000 down, plus a $7,520 origination charge at closing. Frankie's plan is to sell the new house for $650,000. If she achieves this, she will pocket a gross profit of $121,720 after subtracting all costs ($376,000 principle amount, $94,000 cash down, $7,520 origination charges and $50,760 for 18 months of payments).
Loan Example 2
Jamie is an investor and he decides to purchase a land plot in Williston, VT and construct a house. In order to pay for the transaction, he takes a new construction loan from Coastal Funding Group with the following terms:
a) A $220,000 sales price for the plot, b) $350,000 in building costs, c) an 80% loan-to-value (LTV), d) a 18 month term, e) a 13% rate of interest, and f) a 4% origination fee.
If Jamie succeeds in his goal of a $740,000 sale, the final numbers of the project would be the following:
$740,000 sales price
- $456,000 note principle (80% LTV)
- $114,000 down payment (20% on 80% LTV)
- $18,240 origination points (4% of the $456,000 principle amount)
- $88,920 total interest paid (18 months x 13% interest)
-----------------------
= $62,840 gross profit
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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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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 ...
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 ...
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
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. ...
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 ...
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, ...
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