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New Construction Loans in Pisek, North Dakota
A total of 14 results for new construction hard money lenders were found in Pisek, ND. Note amounts average about $426,563. Rates for hard money loans average 10.2%. The average term offered for notes is 25 months. The mean origination fee charged for the loans is 2.7%. Lenders in Pisek average a 78% loan to value (LTV) on their deals.
Loan Example 1
Victor decides to buy a vacant lot in Pisek, ND to build a new single family home to resell it. The plot is available for $300,000 and Victor estimates the construction costs for the project will be approximately $400,000. East Side Funding Corporation makes a 50% loan to value (LTV) new construction loan to Victor so he can pay for the deal. They agree to a 14% interest rate for 18 months plus a three point origination fee. They agree not to assess a pre-payment penalty and they will fund the construction costs in four draws. The borrower will have to pay $4,083 per month in loan payments in addition to $350,000 down, plus a $10,500 origination fee at closing. After deducting all costs, Victor will earn a $126,000 gross profit if he achieves his goal of a $910,000 sales price.
Loan Example 2
Gilbert is a builder in Pisek, ND. He wants to buy a lot to construct a new duplex. In order to fund the project, he takes out a new construction loan from Big City Funding Company with the following parameters:
a) A $300,000 purchase price for the land plot, b) $150,000 in construction expenses, c) an 50% loan to value (LTV), d) a 6 month term, e) a 8% interest rate, and f) a 5% origination fee.
If Gilbert achieves his goal of a $650,000 sale, the final numbers of the project will be as follows:
$650,000 sales price
- $225,000 loan principle (50% LTV)
- $225,000 down payment (50% on 50% LTV)
- $11,250 origination fee (5% of the $225,000 principle amount)
- $9,000 total interest paid (6 months x 8% interest)
-----------------------
= $179,750 net profit
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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Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
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 ...
American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
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 ...
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
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 ...
Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States. They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...
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. ...
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