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 Viola, Delaware
Viola, DE has 31 new construction lenders in the city. The mean loan made to borrowers is approximately $320,625. Rates for private loans average 11.2%. 15 months is the mean term for loans issued in this city. The average origination fee for loans is 3.1 percent. Lenders offer on average a 72% loan to value (LTV) on loans in Viola.
Loan Example 1
Julio is a home builder in Viola, DE. He wants to buy a land plot and construct a new tri-plex in the Riverview area. The plot is listed for $400,000 and Julio expects that the construction costs for the new house will be about $400,000. He takes a new construction loan from Red View Finance Group with these stipulations: 1) a 12 month note at 11% interest, 2) interest only payments made each month, 3) 3 origination points paid at the closing by the borrower, and 4) a 50% loan to value (LTV) on both the land purchase and the construction expenses. Building costs will be paid in multiple draws and there will be no pre-payment penalties assessed. Given the stipulations of the note, Julio will need to pay $400,000 plus $12,000 in origination costs at the closing, then will begin making $3,667 per month payments. Julio's plan is to sell the new house for $1,040,000. If he achieves this, he will earn a total profit of $184,000 after subtracting all expenses ($400,000 principle, $400,000 cash down, $12,000 origination fee and $44,000 for 12 months of interest payments).
Loan Example 2
Georgina is an investor who wants to buy a lot in the Riverview area of Viola, DE to build a home. She takes a new construction loan from West Shore Investments with the following stipulations:
- $230,000 sales price for the vacant plot
- $400,000 in construction costs
- 85% loan to value (LTV)
- 12 month term
- 12% interest rate
- 5% origination fee
If Georgina achieves her goal of a $810,000 sales price, the final numbers of the project will be the following:
$810,000 sales price
- $535,500 principle on note (85% LTV)
- $94,500 down payment (15% on 85% LTV)
- $26,775 origination fee (5% of the $535,500 principle amount)
- $64,260 interest payments (12 months x 12% interest)
-----------------------
= $88,965 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!
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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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. ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
Direct Lending Partners originates short-term real estate loans for the purpose of acquiring and renovating distressed residential real estate in the states of AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, ...
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 ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
Since its inception in 2011, Lima One Capital has funded over $9 billion in loans for real estate investors who are building, improving, and stabilizing neighborhoods across the nation. Lima One’s core loan products are New Construction loans for ground-up ...
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 ...
Global Integrity Finance
321 N Central Expressway, Suite 360
McKinney, TX 75071
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Alpha Funding Solutions
29 Union Ave
Lakehurst, NJ 08733
Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
LYNK Capital
7100 Six Forks Road, Suite 335
Raleigh, NC 27615
LYNK Capital is a fast-growing private lender offering residential renovation, construction, and rental loans. Our team has decades of construction lending experience and we're here to help you through every stage of your project.We lend in: AL, CT, DC, DE, ...
Walnut Street Finance
4021 University Dr #200
Fairfax, VA 22030
Walnut Street Finance provides short-term (6-24 month) commercial loans to small and mid-sized independent real estate builders, developers and investors in Virginia, Maryland, Washington, DC, Delaware, North Carolina, South Carolina, and Pennsylvania.They require minimal upfront capital from their borrowers and ...
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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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Barnett REI Finance
450 Skokie Blvd Suite 600-604
Northbrook, IL 60062
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Trius Lending Partners
15 Sudbrook Lane
Baltimore, MD 21208
Trius Lending Partners is a hard money lender in Baltimore, MD providing funding in Maryland, Pennsylvania, Delaware, Washington DC, and Virginia. They provide loans for many different situations and needs, including commercial loans, short term bridge loans, fix ...
Red Rock Capital
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan parameters are flexible, ...
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 ...
REI Capital
5660 Strand Court
Naples, FL 34110
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Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
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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
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
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. ...
Full Scope Capital
7424 Baltimore Annapolis Blvd Suite 1
Glen Burnie, MD 21061
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
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NLDS Corp
35 Trenton Ave
Long Beach, NY 11561
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PSG Lending
400 W Franklin St., Suite 300
Baltimore, MD 21201
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Oak Leaf Financial
110 MARTER AVENUE SUITE 103
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Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
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