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Refinance / Cash Out Loans in Oak Grove, Missouri
Oak Grove, MO has 36 hard money refinance lenders offering loans within the city. The median note made to borrowers is about $286,563. Rates for loans average 11.1%. The average term for loans is 35 months. The mean origination fee for loans is 3.1 percent. Lenders in Oak Grove average a 73% loan-to-value (LTV) on their loans.
Loan Example 1
Warren owns and operates a company in Oak Grove, MO. He runs his operation from a building which he owns in full. He comes to an agreement with his business partner to buy out their piece of the partnership but he doesn't have enough cash for the deal. To make the transaction move forward, he takes cash from the equity in the building via a hard money cash-out refinancing through Rehabbers Funding Company. In exchange for a first lien on the property, the lender agrees to loan Warren 65% of its $3,000,000 estimated market value. The lender will subtract 5 origination points at the close and will then collect interest only payments at 13% for 4 years. The principle will be paid back in one balloon payment when the note matures. By the parameters of the loan scenario, Rehabbers Funding Company will give Warren a total of $1,852,500 on his property ($3,000,000 estimated market value x 65% LTV - $97,500 in origination points). Warren will pay $21,125 per month in interest until the note expires and will finally re-pay the $1,950,000 face amount of the note.
Loan Example 2
Mayra is a small business owner in Oak Grove, MO who owns a retail space she uses for her operations. She determines she needs funding for her business operations but she's refused by her credit union for a cash-out refinance loan, so she turns to Big City Finance Corporation for a private money refi. The lender will fund 65% of the estimated value of the real estate (LTV) for a first position equity stake and they determine the building to be valued at approximately $700,000. The other parameters of the loan are as follows : 1) a 10% interest rate, 2) a 2 year length with interest-only payments made monthly, and 3) 3 points paid at the closing. The principle is $455,000 but Big City Finance Corporation will fund Mayra $441,350 after deducting the origination points of $13,650. Additionally, they will collect $3,792 in monthly interest until they are paid off when the note expires.
Offering a better alternative to hard money, Navigator Private Capital, LLC (NavCap) has reimagined private real estate lending--making it accessible to real estate investors at all experience levels.
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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
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Kiavi
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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Lima One Capital
201 East McBee Ave, Suite 300
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75 Gerber Road East
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Visio Lending
1905 Kramer Lane, Suite B700
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Dominion Financial
32 S Street
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Patch Lending
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Straightline Funding
250 N. Trade Street, Suite 209
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1485 International Parkway, Suite 1031
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TNS Loans
1101 W Mineral Ave. #101
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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Aero Capital Finance
439 W Vine St
Kissimmee, FL 34741
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Peak Choice Capital
601 Silver Creek Drive
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Figure.com
650 California Street, Suite 2700
San Francisco, CA 94108
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Sharestates
45 North Station Plaza
Great Neck, NY 11021
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
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4445 Corporation Ln Suite 264
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Roc Capital
645 Madison Ave
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AMUSA Commercial Capital
301 Commerce Street Ste. 1420
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2150 Coral Way | Suite 1A
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Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
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Finance of America Commercial
4201 Congress Street, Suite 475
Charlotte, NC 28209
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11 Capital Finance
20 West Vine Street #575
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Asset Avenue
1100 Glendon Ave, 18th Floor
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Resolve Funding
5600 Arapahoe Ave
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ReCasa Financial Group
130 East Chestnut St., Suite 200
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1010 NE 2nd Ave
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Riverdale Funding
207 Mockingbird Ln, #402
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Bridge Well Capital
496 Delaney Ave #408
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
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