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Refinance / Cash Out Loans in Palo, Iowa
We found 29 records for hard money refinance lenders in Palo, IA. The median loan amount in this city is $297,778. Interest rates on hard money loans issued to Palo investors average about 10.0%. The average loan made in this city has a term of 36 months. The mean origination percentage applied to loans is 3.2%. Lenders offer on average a 74% loan-to-value (LTV) on loans in Palo.
Loan Example 1
Lora owns and operates a business in Palo, IA. She runs her operation from a warehouse which she owns outright. She looks to Red View Lending for a cash out refinance loan after she is rejected for a loan by her bank to fund her company's future operational needs. The lender does a market value comparison and determines the real estate to be worth around $1,800,000. They agree to loan Lora 55% of the market value (the LTV). Additionally, they stipulate a 12% interest rate, a 5 year loan term, and they will collect an origination fee of 4 percent at the close. Interest-only payments will be paid each month with the principle to be re-paid when the loan expires. Lora receives $950,400 in cash from Red View Lending when the transaction is closed ($1,800,000 estimated market value x 55% loan to value - $39,600 in origination fees). She will then begin making monthly payments of $9,900 for the 5 year length of the loan. She will also make a final balloon payment of $990,000 to retire the debt.
Loan Example 2
Larry owns a an office building he uses for his business's operations in Palo, IA. He determines he needs funding for his business's operations but he's refused by his bank for a cash-out refinancing, so he looks to South End Investments for a private money refi. In exchange for a first lien position on the real estate, the lender agrees to loan Larry 50% of its $1,000,000 value. Additionally, they stipulate a 13% rate of interest, a 4 year term, and they will charge an origination fee of 5 percent at the closing. Interest-only payments will be made monthly with the principle re-paid when the loan matures. Larry receives $475,000 in cash from South End Investments when the loan is closed ($1,000,000 estimated market value x 50% LTV - $25,000 in origination points). He will then begin making monthly payments of $5,417 for the 4 year term of the loan. He will then make one final balloon payment of $500,000 to close the debt.
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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 ...
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. ...
JCAP Private Lending
3151 Airway Ave, Suite Q3
Newport Beach, CA 92626
Jcap is a Newport Beach, CA based direct lender who closes and services investor funded short-term real estate loans. They provide loans in 43 states. They offer private refinancing, fix-and-flip hard money loans, investment property loans and more. Their loan ...
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
Greenville, SC 29601
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RCN Capital
75 Gerber Road East
South Windsor, CT 06074
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Visio Lending
1905 Kramer Lane, Suite B700
Austin, TX 78758
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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 ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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Patch Lending
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Sherman Oaks, CA 91403
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Secured Investment Lending
1485 International Parkway, Suite 1031
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Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
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Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
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Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Sharestates
45 North Station Plaza
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
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 ...
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
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Gokapital Mortgage
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Miami, FL 33145
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Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
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Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
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11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
Bridge Well Capital is a hard money lender in Orlando, FL offering funding in 40 states throughout the United States. They provide loans for investments properties, cash out hard money loans, and fix-and-flip hard money loans. Their ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...