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 Brattleboro, Vermont
A total of 18 records for construction private money lenders were found in Brattleboro, VT. The average amount for loans is $420,556. Rates on loans made to Brattleboro borrowers average about 11.5%. The average length for notes is 16 months. The average note includes a 2.9 point origination cost. Lenders typically offer a 72% LTV on loans in Brattleboro.
Loan Example 1
Amie is a builder in Brattleboro, VT. She decides to purchase a land plot and construct a new house. On top of the $190,000 price of the lot, Amie approximates she will have around $400,000 in building costs to build the home. She gets a new construction loan from Blue Sky Lending Group with these specifications: 1) a 6 month note at 12% interest, 2) interest only payments made each month, 3) 4 origination points at the closing by the borrower, and 4) a 55% loan to value (LTV) on both the plot and the building costs. Amie will receive the building costs in draws and there will not be a pre-payment penalty if she repays the loan before the 6 months is over. By the terms of this loan, Amie will need to pay $265,500 plus $12,980 in origination costs at the closing, then will begin making $3,245 per month payments. At the end of the loan, Amie re-sells the property for $760,000. This will earn Amie a $137,550 net profit after paying off all costs of the deal ($324,500 principle amount, $265,500 cash down, $12,980 origination fee, and $19,470 for 6 months of payment).
Loan Example 2
Bobby wants to acquire a vacant lot in Brattleboro, VT and construct a new home and re-sell it. He obtains a construction loan from South Shore Funding Company with the following parameters:
- $210,000 purchase price for the vacant lot
- $250,000 in building expenses
- 85% loan-to-value (LTV)
- 6 month term
- 9% rate of interest
- 2% origination fee
Bobby wants to list the house when the note expires for $590,000. If he achieves his goal, the deal numbers will be as follows:
$590,000 sales price
- $391,000 loan principle (85% LTV)
- $69,000 down payment (15% on 85% LTV)
- $7,820 origination points (2% of the $391,000 principle)
- $17,595 total interest paid (6 months x 9% interest)
-----------------------
= $104,585 gross 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
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 ...
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
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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 ...
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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