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New Construction Loans in Newfane, Vermont
We found 18 records for construction private money lenders in Newfane, VT. In this city, the mean amount loaned is $431,667. Interest rates on loans made to Newfane borrowers average 11.6%. The mean note issued in this city is 19 months in length. The mean note includes a 3.4 point origination charge. Lenders in Newfane average a 73% LTV on their loans.
Loan Example 1
Neva is a real estate investor in Newfane, VT. She wants to acquire a land plot to construct a new tri-plex. The construction costs will be about $200,000 and the land will cost $220,000. To fund the deal, she obtains a new construction loan from Flourish Finance Company. They contract to provide a note with a 13% rate of interest for 6 months and two origination points paid at the closing. They also agree to fund 70% of the cumulative costs (the loan-to-value or "LTV"). Construction fees will be paid out in draws and there will be no pre-payment penalties. By this deal scenario, Neva will be required to pay the following: 1) $126,000 cash down (based on the 70% LTV), 2) a $5,880 origination fee ($294,000 principle x 2%), and 3) $3,185 monthly interest payments. At the end of the loan, Neva re-sells the house for $630,000. This will make Neva a $185,010 gross profit after paying back all costs of the deal ($294,000 principle, $126,000 cash at closing, $5,880 origination charges, and $19,110 for 6 months of payment).
Loan Example 2
Dwight is a home builder and wants to build a duplex on a land plot in Newfane, VT. To fund the deal, he obtains a new construction loan from Investors Investment Group with the following specifications:
- $330,000 sales price for the vacant lot
- $400,000 in building costs
- 80% loan to value (LTV)
- 18 month term
- 9% interest rate
- 5% origination charge
Dwight wants to sell the project at the end of the term for $1,020,000. If he achieves his goal, the deal numbers will be as follows:
$1,020,000 sales price
- $584,000 loan principle (80% LTV)
- $146,000 down payment (20% on 80% LTV)
- $29,200 origination fee (5% of the $584,000 principle)
- $78,840 interest payments (18 months x 9% interest)
-----------------------
= $181,960 net profit
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!
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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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
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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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 ...
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
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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
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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 ...
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