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Refinance / Cash Out Loans in Harmans, Maryland
Harmans, MD has 50 private money lenders operating within the city. In this city, the median amount for loans is $300,000. The median rate for loans in Harmans is 11.7%. The typical loan made in this city has a length of 15 months. The mean origination for loans is 3.3 percent. Lenders offer on average a 70% loan to value (LTV) on hard money loans in Harmans.
Loan Example 1
Adrian owns a a retail space for his company's operations in Harmans, MD. He looks to Acme Funding Group for a cash-out refinance loan after he is refused a loan by his credit union for his company's ongoing inventory requirements. The lender performs a valuation analysis and conculdes the building to be worth $600,000. They decide to loan Adrian 55% of the market value (the LTV). The lender will begin to receive interest-only payments for a 5 year period. Additionally, they will subtract 2 points at closing and will then get the principle repaid in one balloon payment when the loan matures. The principle amount will be $330,000 but Acme Funding Group will pay Adrian $323,400 after charging the origination fee of $6,600. Additionally, they will collect $2,200 in monthly interest payments until they are repaid when the loan matures.
Loan Example 2
Judith is a small business owner in Harmans, MD and she owns a warehouse she uses for her operation. In order to raise much-needed funding to expand her business, she cashes out a portion of the equity she has in her property through a private money cash-out refi loan from Prosperity Funding Company. The lender does a market value analysis and estimates the real estate to be valued at $1,300,000. They agree to loan Judith 60% of the estimated value (the LTV). The lender will subtract 1 origination points when the deal closes and will receive interest-only payments at 9% for 5 years. The principle will be paid back in a single balloon payment when the note expires. The principle amount is $780,000 but Prosperity Funding Company will front Judith $772,200 after subtracting the origination fee of $7,800. They will also collect $5,850 in monthly interest payments until they are paid off when the note expires.
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Stormfield Capital
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Lima One Capital
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Visio Lending
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Dominion Financial
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New Silver
2475 Albany Ave #203B
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Fulford Lending
Falls Church
Falls Church, VA 22042
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Patch Lending
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Washington Capital Partners
2815 Hartland Road, Suite 200
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Straightline Funding
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Genesis Capital
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
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Peak Choice Capital
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15 Sudbrook Lane
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Pepe Berard Capital
211 South Ridge Street
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11350 Random Hills Road #720
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439 W Vine St
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806 West Diamond Ave, Suite 340
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Sharestates
45 North Station Plaza
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Flip N Fast Loans
4445 Corporation Ln Suite 264
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Roc Capital
645 Madison Ave
New York City, NY 10022
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AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
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Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
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PSG Lending
400 W Franklin St., Suite 300
Baltimore, MD 21201
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Oak Leaf Financial
110 MARTER AVENUE SUITE 103
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Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
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Full Scope Capital
7424 Baltimore Annapolis Blvd Suite 1
Glen Burnie, MD 21061
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Gala Resources
1212 Avenue of the Americas
New York, NY 10036
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YC Funding
1010 NE 2nd Ave
Miami Beach, FL 33132
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...