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 Rutland, Vermont
Rutland, VT has 18 construction hard money lenders operating within the city. In this city, the mean note amount is $525,250. Interest rates for hard money loans average around 10.7%. 19 months is the mean term for loans issued in the city. The average loan includes a 2.9 percent origination charge. Lenders in Rutland average a 72% loan to value (LTV) on their deals.
Loan Example 1
Anne is a home builder and she wants to build a home on a land plot in Rutland, VT. On top of the $300,000 cost of the lot, Anne expects she will need about $350,000 in construction costs to build the project. She applies for a construction loan from Prosperity Finance Group with these stipulations: 1) a 12 month note at 10% interest, 2) interest only payments made monthly, 3) 2 origination points paid at the closing by the borrower, and 4) a 80% loan-to-value (LTV) on both the land and the construction costs. They will not enforce a pre-payment penalty and they will fund the construction costs in multiple draws. Given this deal scenario, Anne will need to pay the following: 1) $130,000 cash down (based on the 80% LTV), 2) a $10,400 origination fee ($520,000 loan principle x 2%), and 3) $4,333 monthly payments. When the loan expires, Anne sells the project for $840,000. This will make Anne a $127,600 net profit after paying off all costs of the deal ($520,000 principle amount, $130,000 cash down, $10,400 origination fee, and $52,000 for 12 months of payment).
Loan Example 2
Harold is a real estate investor in Rutland, VT. He wants to acquire a land plot and construct a new home. In order to fund the project, he applies for a construction loan from All State Finance Company with the following parameters:
a) A $360,000 purchase price for the land lot, b) $400,000 in construction expenses, c) an 65% loan to value (LTV), d) a 12 month length, e) a 8% rate of interest, and f) a 2% origination charge.
If Harold succeeds in his goal of a $1,140,000 sales price, the final numbers of the project will be as follows:
$1,140,000 sales price
- $494,000 loan principle (65% LTV)
- $266,000 cash paid at closing (35% on 65% LTV)
- $9,880 origination fee (2% of the $494,000 principle)
- $39,520 total interest paid (12 months x 8% interest)
-----------------------
= $330,600 total profit
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With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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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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
Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using their own ...
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 ...
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
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, ...
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 ...
i fund cities
448 N 10th Street, Suite 402
Philadelphia, PA 19123
i Fund Cities is a flexible and reliable lending platform providing Kick A$$ Loans to residential real estate investors nationwide. It all started in the city of brotherly love, Philadelphia, where the partners set out on a mission to provide ...
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
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. ...
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, ...
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 ...
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