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Refinance / Cash Out Loans in Vermillion, South Dakota
A total of 15 results for hard money refi lenders were found in Vermillion, SD. In this city, the average amount for loans is $362,500. The average rate for hard money loans in Vermillion is 10.6%. The average length for loans is 32 months. The mean origination for the loans is 3.8 percent. Lenders offer on average a 74% loan to value (LTV) on hard money loans in Vermillion.
Loan Example 1
Jeremy operates a business in Vermillion, SD. He runs his operations out of a warehouse that he owns in full. So he can generate much-needed funding to operate his business, he cashes out part of the equity in his property through a private money cash out refinance loan from Blue Square Finance Corporation. After deeming the property to be valued at about $1,700,000, they agree to a 40% loan to value (LTV) for the loan. The lender will start receiving interest only payments for a 3 year term. They will also be paid 2 points when the loan closes and will then have the principle returned in a balloon payment when the note expires. By the parameters of this deal scenario, Blue Square Finance Corporation will give Jeremy a total of $666,400 on his building ($1,700,000 market value x 40% loan-to-value - $13,600 in origination points). Jeremy will then pay $5,100 per month in interest until the note expires and will then repay the $680,000 face amount on the note.
Loan Example 2
Derrick owns a business in Vermillion, SD. He runs his operations from a commercial building which he owns outright. He determines he needs funding for his business's operations but he's refused by his credit union for a cash out refinance loan, so he goes to Smith Finance Group for a private money loan. In exchange for a first lien on the property, the lender agrees to loan Derrick 70% of its $1,400,000 market value. Additionally, they stipulate a 11% rate of interest, a 2 year note length, and they will collect an origination fee of 5 points at the close. Interest only payments should be made monthly with the loan principle paid back when the loan expires. The loan principle will be $980,000 but Smith Finance Group will pay Derrick $931,000 after deducting the origination points of $49,000. They will also collect $8,983 in monthly interest until they are repaid when the loan matures.
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 ...
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. ...
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