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Refinance / Cash Out Loans in Pierre, South Dakota
A total of 15 results for private money refinance lenders were found in Pierre, SD. Loan amounts average around $318,215. The median interest rate for hard money loans in Pierre is 8.9%. The average length offered for loans is 48 months. The average origination fee charged on loans is 2.0%. Lenders in Pierre average a 76% loan to value (LTV) on their deals.
Loan Example 1
Jill owns and operates a business in Pierre, SD. She runs her operation out of an industrial building that she owns outright. In order to obtain much-needed capital to grow her business, she takes out some of the equity she has in her property via a hard money cash out refinance from All American Lending. After concluding the property to be valued at around $1,600,000, the lender contracts to a 60% loan-to-value (LTV) on the deal. The lender will subtract 2 origination points at closing and will then collect interest only payments at 12% for 5 years. The principle is to be re-paid in a single balloon sum when the note expires. Based upon the terms of this loan, All American Lending will loan Jill a sum of $940,800 on her building ($1,600,000 estimated value x 60% loan to value - $19,200 in origination charges). Jill will then pay $9,600 monthly in interest until the note expires and will finally re-pay the $960,000 face amount on the note.
Loan Example 2
Staci is a small business owner in Pierre, SD who owns a retail space she uses for her operations. She decides she needs some funds for her business operations but is refused by her bank for a cash-out refinancing, so she goes to Axis Funding Group for a hard money loan. After deeming the real estate to be worth approximately $500,000, they contract to a 65% loan-to-value (LTV) on the transaction. The additional stipulations of the loan are the following : 1) a 13% interest rate, 2) a 1 year term with interest-only payments made monthly, and 3) 2 points charged at the closing. Based upon the stipulations of this loan, Axis Funding Group will give Staci a total of $318,500 on her property ($500,000 estimated market value x 65% LTV - $6,500 in origination fees). Staci will pay $3,521 per month in interest until the note matures and will finally return the $325,000 face amount on the note.
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 ...
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. ...