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Bridge Loans in Hayti, South Dakota
We found 14 results for hard money bridge lenders in Hayti, SD. In this city, the average loan amount is $431,250. The average rate for private loans in Hayti is 12.2%. The average loan issued in the city has a term of 29 months. The average loan includes a 3.1 point origination fee. 69% is the typical loan to value offered for for loans in Hayti.
Loan Example 1
Casey is an investor in Hayti, SD. He discovers a run-down property for sale and wants to rehab it and flip it for a profit. The property costs $250,000 but he does not have the full amount so he takes out a bridge loan with Uptown Funding. The terms of the deal include a 85% loan-to-value (LTV), so he must bring 15% of the price as cash at closing, making the principle loan amount $212,500. The loan is interest-only, with monthly payments, and is for 6 months at 13% interest with 4 origination points paid at closing.
The borrower will have to contribute a total of $32,400 up front to pay the $37,500 down payment plus the $8,500 origination fee. Once the deal closes, he will have to pay the lender $2,302 in monthly interest fees, or 13% times $212,500 divided by 12 months in the year. Casey's intention is to finish the rehab within the 6 months and sell it for $362,500. If he succeeds he will earn a profit of $90,188 ($362,500 sales price - $212,500 principle amount - $37,500 funds brough to closing - $8,500 origination fee - $13,813 in total interest payments.
Loan Example 2
Blue Sky Lending Company makes a private money bridge loan to Clarice for a rehab project in Hayti, SD. The loan dictates the following:
$260,000 sales price
85% loan-to-value (LTV)
6 month term
13% rate of interest
3% origination fee
If Clarice achieves her goal of a $364,000 sales price, the outcome of the project will be as follows:
$364,000 sales price
- $221,000 principle (85% LTV)
- $39,000 down payment (15% on 85% LTV)
- $6,630 origination points (3% of the $221,000 principle)
- $14,365 total interest paid (6 months x 13% interest)
-----------------------
= $83,005 total profit (doesn't include taxes or rehab costs)
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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 ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
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 ...
Roc Capital
645 Madison Ave
New York City, NY 10022
Headquartered in New York, NY, Roc Capital is a lender offering loans all across the United States. They offer fix-and-flip loans, private refinancing, bridge loans, and commercial loans. Their loan guidelines are flexible, including rates starting at 7.49% , loan ...
Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
Gokapital, Inc. is a Miami, FL based private lender who provides funding all throughout the US.Providing lending solutions for a variety of situations, including loans for rental properties, cash out, hard money loans, fix-and-flip loans, hard money loans for commercial ...
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 ...
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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