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Refinance / Cash Out Loans in Aberdeen, South Dakota
A total of 15 results for hard money refinance lenders were found in Aberdeen, SD. Note amounts average about $339,584. Interest rates on loans issued to Aberdeen investors average 9.3%. 42 months is the mean length for notes issued in this city. The average hard money loan offered in this city includes a 3.8 percent origination fee. Lenders offer on average a 76% LTV on hard money loans in Aberdeen.
Loan Example 1
Jonathan operates a company in Aberdeen, SD. He runs his operations from an office building which he owns in full. He determines he needs funds for his business operations but he is refused by his local bank for a cash out refinance, so he looks to East Star Investment Group for a hard money refinance. In exchange for a first position equity stake on the building, the lender will loan Jonathan 50% of its $1,800,000 estimated market value. The additional stipulations of the loan are the following : 1) a 13% interest rate, 2) a 3 year term with interest only payments paid monthly, and 3) 3 points charged at the closing. According to the stipulations of this deal, East Star Investment Group will loan Jonathan a total of $873,000 on his building ($1,800,000 market value x 50% loan-to-value - $27,000 in origination points). Jonathan will pay $9,750 per month in interest fees until the note expires and will then repay the $900,000 face amount of the note.
Loan Example 2
Ronald is a business owner in Aberdeen, SD who owns a warehouse he uses for his operation. He comes to an arrangement with his partner to purchase their share of the company but he doesn't have the cash on hand to do so. To make the transaction move forward, he takes money out of the equity in the building through a hard money cash out refinancing from Dimension Lending Corporation. In exchange for a deed of trust on the building, the lender agrees to fund Ronald 45% of its $1,500,000 estimated value. The lender will subtract 3 origination points when the transaction closes and will then collect interest-only payments at 12% for 2 years. The principle will be paid back in one balloon sum when the loan matures. The principle amount will be $675,000 but Dimension Lending Corporation will front Ronald $654,750 after subtracting the origination fees of $20,250. Additionally, they will collect $6,750 in monthly interest until they are paid off when the loan expires.
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 ...
Dominion Financial
32 S Street
Baltimore, MD 21202
Dominion Financial Services is a private lender serving professional single-family real estate investors. We offer fix & flip loans, 30-yr fixed-rate rental loans, new construction financing, and multifamily bridge loans. We currently lend in all 50 states and Washington D.C ...
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 ...
Figure.com
650 California Street, Suite 2700
San Francisco, CA 94108
At Figure, we're transforming home equity by creating a faster, simpler and more transparent way to meet your financial goals. Learn how to use the equity in your home to consolidate debt, pay for home improvement, or fund your goals. ...
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 ...
AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
AMUSA Commercial Capital is a Dallas, TX based private money lender. They provide funding throughout the country. Their lending focus is mainly on non-bankable commercial real estate loans and Investment 1 to 4 loans. Their loan guidelines are flexible, including ...
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 ...
ICS Loans
1546 NW 56th Street
Seattle, WA 98107
Headquartered in Seattle, WA, ICS Loans is a private lender providing loans across the US. They provide loans for many different situations and needs, including hard money bridge loans, cash out hard money loans, hard money loans for commercial ...
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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