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Bridge Loans in Hazel, South Dakota
A total of 14 results for hard money bridge lenders were found in Hazel, SD. Loan amounts average about $375,000. Rates on private loans issued to Hazel borrowers average 10.2%. The median note issued in this city is for 24 months. The average loan includes a 3.5 point origination charge. Lenders in Hazel average a 72% loan to value (LTV) on their loans.
Loan Example 1
Presitge Finance Group makes a hard money bridge loan to Brittney for a renovation project in Hazel, SD, on a house that is listed for $220,000. The borrower will be required to bring 50% of the purchase price in cash to the closing based on a 50% loan to value set by the lending company. This makes the principle amount from Presitge Finance Group $110,000. The loan also consists of these features: 1) a 18 month term, 2) a 12% interest-only note, and 3) a five percent origination fee.
Brittney will need to contribute $110,000 to closing (50% on the 50% loan-to-value), plus she will need to pay the $5,500 origination fee. Once the loan is executed and Brittney takes on the property, she will need to begin making payments each month of $1,100 to Presitge Finance Group ($110,000 principle x 12% / 12 months). If Brittney meets her goal of a $319,000 sales price when the loan expires, she would collect a gross profit of $73,700 after re-paying the principle on the note and deducting the cash she paid at closing, the origination points, and the monthly interest payments.
Loan Example 2
Sidney is a an investor in Hazel, SD. He finds an older townhouse for a remodeling project and obtains a bridge loan from Number One Funding Group with the following terms:
a) A $190,000 purchase price, b) a 60% loan to value (LTV), c) a 12 month term, d) a 12% interest rate, and e) a 4% origination fee.
After the rehab project is complete, if Sidney sells the house for $285,000, the numbers would be as follows:
$285,000 sales price
- $114,000 principle (60% LTV)
- $76,000 down payment (40% on 60% LTV)
- $4,560 origination fee (4% of the $114,000 principle amount)
- $13,680 interest payments (12 months x 12% interest)
-----------------------
= $76,760 total profit (does not include taxes or renovation costs)
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 ...
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 ...
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 ...
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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