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Refinance / Cash Out Loans in Baltic, South Dakota
Baltic, SD has 15 hard money lenders operating in the city. Note amounts average around $445,834. Interest rates for private loans average around 9.5%. 69 months is the average term for loans made in this city. A typical hard money loan issued in this city includes a 2.0 percent origination charge. The median loan-to-value for loans in Baltic is 74%.
Loan Example 1
Frederick owns a a retail space he uses for his business's operations in Baltic, SD. He comes to an arrangement with his business partner to purchase their ownership of the business but he doesn't have the fund for the deal. In order to make the deal move forward, he takes money out of the equity in his property via a private money cash-out refinance from Fortune Finance. After concluding the property to be worth approximately $1,000,000, they contract to a 65% loan to value (LTV) for the loan. The lender will deduct 5 origination points at closing and will then be paid interest-only payments at 11% for 2 years. The principle is to be repaid in a single balloon sum when the note matures. Frederick will receive $617,500 in cash from Fortune Finance when the loan is closed ($1,000,000 estimated value x 65% loan-to-value - $32,500 in origination charges). He will then make monthly payments of $5,958 for the 2 year duration of the note. He will also make one final payment of $650,000 to retire the debt.
Loan Example 2
Dolores owns a a retail space for her company's operations in Baltic, SD. In order to raise much-needed funds to operate her business, she takes out part of the equity in her building through a hard money cash out refinancing from Superior Finance Group. In exchange for a first lien on the real estate, the lender will loan Dolores 65% of its $2,900,000 estimated market value. Additionally, they settle on a 10% interest rate, a 2 year loan period, and they will charge an origination fee of 1 percent at closing. Interest-only payments are to be made monthly with the principle paid back when the loan matures. According to the parameters of the loan scenario, Superior Finance Group will give Dolores a sum of $1,866,150 on her real estate ($2,900,000 estimated value x 65% LTV - $18,850 in origination points). Dolores will then pay $15,708 monthly in interest fees until the loan matures and will finally re-pay the $1,885,000 face amount on the loan.
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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