
Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
West Jordan, UT has 31 new construction lenders in the city. The mean note amount in the city is $362,750. Interest rates for loans average about 10.6%. The mean loan made in the city has a length of 13 months. The average origination percentage applied to loans is 2.8%. The average loan-to-value (LTV) offered for loans in West Jordan is 73%.
Ashley is a real estate investor and she wants to acquire a land lot in West Jordan, UT to build a new home. The construction costs will be around $400,000 and the land will cost $380,000. Reliance Funding Company issues a 65% loan-to-value (LTV) new construction loan to Ashley so she can fund the deal. They agree to a 10% rate of interest for 18 months plus a three point origination fee. There will be no pre-payment penalties on the note and construction expenses will be paid over a few draws. The borrower will have to pay $4,225 monthly in note payments on top of $273,000 down, plus a $15,210 origination fee at the closing. When the loan expires, Ashley sells the house for $1,050,000. This will earn Ashley a $178,740 total profit after re-paying all expenses of the deal ($507,000 principle amount, $273,000 cash down, $15,210 origination fee, and $76,050 for 18 months of payment).
Cecilia decides to purchase a vacant lot in West Jordan, UT to construct a house in order to re-sell it. In order to pay for the project, she takes out a new construction loan from All Star Investments with the following stipulations:
Cecilia intends to sell the project when the note expires for $950,000. If she achieves her goal, the project numbers will be as follows:
$950,000 sales price
- $408,000 principle (60% LTV)
- $272,000 down payment (40% on 60% LTV)
- $12,240 origination points (3% of the $408,000 principle)
- $18,360 total interest paid (6 months x 9% interest)
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= $239,400 gross profit
Nation’s fastest and easiest private real estate lender - Funding Fix and Flip, Ground-Up Construction, and DSCR. Closing as fast as 5 business days!
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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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 ...
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Broakmark Real Estate Management is a Denver, CO based private money lender who provides loans in Arizona, Texas, Colorado, Wyoming, and Utah. They provide lending solutions for many different needs and situations, including cash out hard money loans, ...
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