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Refinance / Cash Out Loans in Yankton, South Dakota
There are 15 hard money lenders offering refinancing in Yankton, SD. The median loan amount in this city is $318,750. Rates for hard money loans average 9.4%. 75 months is the median term for loans made in this city. The average points applied to the loans is 3.0%. The average loan to value (LTV) offered for loans in Yankton is 74%.
Loan Example 1
Goldie owns and operates a business in Yankton, SD. She runs her operation out of a commercial building that she owns in full. She turns to ABC Finance Corporation for a cash-out refinance after she is rejected for a loan by her bank to fund her business's future inventory needs. The lender will loan 70% of the estimated market value of the property (LTV) in exchange for a deed of trust and they estimate it to be valued at about $600,000. Additionally, they specify a 11% interest rate, a 4 year term, and will collect an origination fee of 3 points at closing. Interest only payments will be paid each month with the principle repaid when the note matures. Goldie will receive $407,400 in cash from ABC Finance Corporation when the deal closes ($600,000 estimated market value x 70% loan-to-value - $12,600 in origination points). She will then begin making payments each month in the amount of $3,850 for the 4 year length of the note. She will then make a final balloon payment of $420,000 to retire the debt.
Loan Example 2
Gertrude owns a a building for her business operations in Yankton, SD. She turns to Sunrise Finance Corporation for a cash out refinance loan after she is denied a loan by her local bank to fund her business's current operational needs. The lender agrees to loan 50% of the estimated value of the real estate (LTV) in exchange for a first position equity stake and they determine the building to be worth around $1,200,000. The lender will start to collect interest-only payments for a 4 year term. They will also subtract 5 points when the transaction closes and will get the principle re-paid in a balloon payment when the loan expires. The principle amount will be $600,000 but Sunrise Finance Corporation will pay Gertrude $570,000 after subtracting the origination fee of $30,000. They will also receive $5,500 in monthly interest until they are re-paid when the loan matures.
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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 ...
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 ...
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 ...
Finance of America Commercial
4201 Congress Street, Suite 475
Charlotte, NC 28209
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix 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. ...