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Refinance / Cash Out Loans in Oldham, South Dakota
Oldham, SD has 15 private money refinance lenders serving the city. The mean amount loaned is $339,286. Rates on hard money loans made to Oldham investors average 10.9%. The average note issued in this city is for 34 months. The average origination fee added to loans is 2.4%. Lenders offer on average a 73% LTV on hard money loans in Oldham.
Loan Example 1
Travis owns a a commercial building he uses for his company's operations in Oldham, SD. In order to raise much-needed funding to expand his company, he takes out some of the equity he has in his building via a hard money cash-out refinancing from Green Fern Funding Company. The lender carries out a market value analysis and conculdes the property to be worth $2,200,000. They will loan Travis 60% of this estimated value (the LTV). The lender will deduct 4 origination points when the deal closes and then be paid interest-only payments at 12% for 1 years. The principle is to be repaid in one balloon payment when the note expires. According to the parameters of this deal, Green Fern Funding Company will give Travis a sum of $1,267,200 on his real estate ($2,200,000 estimated market value x 60% loan-to-value - $52,800 in origination charges). Travis will then pay $13,200 monthly in interest until the note expires and will finally repay the $1,320,000 principle value on the note.
Loan Example 2
Lewis owns a a commercial building he uses for his business's operations in Oldham, SD. He comes to an arrangement with his business partner to buy out their ownership of the operation but he doesn't have the cash on hand to do so. To make the deal move forward, he takes money from the equity in the building via a hard money cash out refinancing from Evergreen Finance. After determining the property to be valued at approximately $1,700,000, the lender agrees to a 70% loan-to-value (LTV) for the transaction. The other specifications of the loan are the following : 1) a 9% interest rate, 2) a 1 year term with interest-only payments made each month, and 3) 1 points paid at the closing. The principle is $1,190,000 but Evergreen Finance will fund Lewis $1,178,100 after deducting the origination fee of $11,900. They will also receive $8,925 in monthly interest payments until they are paid off 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 ...
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 ...
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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