Vermont New Construction Loans
A total of 8 search results for construction hard money lenders were found in Vermont. The median note made to borrowers is around $540,759. Rates for private loans average 10.8%. The typical loan issued in this state is for 21 months. The mean origination fee for the loans is 3.5 percent. 73% is the typical LTV for offered by lenders in Vermont.
Loan Example 1
Tracy is a real estate investor in Burlington, VT. She wants to purchase a land lot and build a new single family home. The land costs $180,000 and Tracy expects that the construction costs for the new house will be about $200,000. She applies for a construction loan from East Side Lending Company with the following specifications: 1) a 12 month note at 13% interest, 2) interest only payments made every month, 3) 3 origination points paid at the closing by the borrower, and 4) a 50% loan to value (LTV) on the lot and the construction costs. They will not charge a pre-payment penalty and they will issue the construction costs in several draws. According to the rules of the note, Tracy will be required to pay $190,000 plus $5,700 in origination costs at the closing, then will start making $2,058 per month payments. Tracy's intent is to sell the house for $550,000. If she achieves this, she will pocket a net profit of $139,600 after subtracting all costs ($190,000 principle, $190,000 cash down, $5,700 origination charges and $24,700 for 12 months of payments).
Loan Example 2
Elena is a builder and wants to build a single family home on a vacant lot in Burlington, VT. In order to fund the transaction, she applies for a new construction loan from Big Money Finance with these terms:
If her achieves a $990,000 re-sell after the 6 month term, the numbers for this project would be as follows:
$990,000 sales price
- $407,000 principle on note (55% LTV)
- $333,000 down payment (45% on 55% LTV)
- $20,350 origination fee (5% of the $407,000 principle)
- $20,350 total interest paid (6 months x 10% interest)
-----------------------
= $209,300 total profit
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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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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
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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 ...
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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