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New Construction Loans in Williston, North Dakota
A total of 14 search results for new construction hard money lenders were found in Williston, ND. The average amount loaned is $534,375. The average interest rate for loans in Williston is 11.2%. The average term offered for loans is 26 months. The average loan includes a 3.1 percent origination cost. Lenders typically offer a 73% loan to value on deals in Williston.
Loan Example 1
Scott is a real estate investor in Williston, ND. He decides to acquire a lot to construct a new single family home. Scott estimates the building expenses will be around $400,000 and the lot will cost $400,000. Red Oak Investment Group will fund the deal at a 85% loan-to-value (LTV) with a 13%, 18 month construction loan with five origination points to be paid at closing. There will be no pre-payment penalties on the deal and building expenses will be paid over several draws. According to this loan scenario, the lender will fund $680,000 of the purchase and the building expenses. The borrower will have to pay $120,000 down, a $34,000 origination fee, and $7,367 per month in interest payments. If Scott sells the project for $1,080,000 he will make a gross profit of $113,400 after repaying the loan principle and deducting the origination fee and total interest payments.
Loan Example 2
Jonathan is a home builder and he decides to build a tri-plex on a land lot in Williston, ND. He takes a construction loan from South Star Finance Corporation with these terms:
- $390,000 purchase price for the land plot
- $250,000 in construction expenses
- 55% loan-to-value (LTV)
- 12 month length
- 8% rate of interest
- 5% origination fee
Assuming a $960,000 re-sell after the 12 month term, the numbers for this project would be as follows:
$960,000 sales price
- $352,000 loan principle (55% LTV)
- $288,000 down payment (45% on 55% LTV)
- $17,600 origination points (5% of the $352,000 principle)
- $28,160 interest payments (12 months x 8% interest)
-----------------------
= $274,240 total profit
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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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. ...
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 ...
American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip 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 ...
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
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
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. ...
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