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Refinance / Cash Out Loans in Grand Forks, North Dakota
Grand Forks, ND has 18 private money refi lenders offering loans within the city. Loan amounts average about $401,563. The mean rate for hard money loans in Grand Forks is 10.9%. The average note issued in this city is 49 months in length. The average origination percentage added to the loans is 4.6%. Lenders in Grand Forks average a 71% LTV on their deals.
Loan Example 1
Ollie owns a a warehouse she uses for her company's operations in Grand Forks, ND. In order to obtain much-needed cash to expand her business, she cashes out a portion of the equity she has in her building through a hard money cash-out refinancing from Red City Lending Group. After determining the real estate to be valued at approximately $1,300,000, the lender contracts to a 70% loan to value (LTV) for the loan. They also stipulate a 13% rate of interest, a 3 year loan period, and they will collect an origination fee of 1 points at closing. Interest-only payments should be paid monthly with the loan principle to be paid back when the loan matures. The principle amount will be $910,000 but Red City Lending Group will front Ollie $900,900 after deducting the origination points of $9,100. Additionally, they will collect $9,858 in monthly interest until they are paid off when the loan expires.
Loan Example 2
Kristie owns a small business in Grand Forks, ND. She runs her operation out of a retail space that she owns outright. She turns to East Side Finance for a cash out refinance after she is rejected for a loan by her local bank to fund her business's ongoing operational requirements. The lender agrees to loan 60% of the estimated value of the real estate (LTV) for a first lien and they determine the building to be valued at approximately $2,200,000. The other parameters of the loan are as follows : 1) a 13% rate of interest, 2) a 2 year maturity with interest only payments made monthly, and 3) 1 points charged at the close. According to the stipulations of the loan scenario, East Side Finance will loan Kristie a total of $1,306,800 on her building ($2,200,000 estimated value x 60% loan-to-value - $13,200 in origination points). Kristie will pay $14,300 monthly in interest fees until the loan matures and will finally pay back the $1,320,000 principle value 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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Anchor Loans
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
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 ...
Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
Patch Lending (formally Patch of Land) is a national private lender offering real estate investors fast and reliable financing for investment properties. Patch offer short-term single-family and multi-family bridge, fix & flip, ground-up construction, and long-term rental property financing. They ...
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. ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...
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