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Refinance / Cash Out Loans in Ramona, South Dakota
Ramona, SD has 15 lenders offering refinancing in the city. The mean loan amount is $450,000. Interest rates on loans issued to Ramona borrowers average 11.2%. 48 months is the mean term for notes issued in this city. The average loan includes a 5.0 point origination fee. The average LTV offered for loans in Ramona is 70%.
Loan Example 1
Lily owns and operates a business in Ramona, SD. She runs her operation from a building that she owns in full. She comes to an agreement with her business partner to buy out their ownership of the partnership but she does not have enough cash to do so. In order to make the transaction move forward, she takes cash from the equity in the property via a private money cash-out refinancing from North Shore Funding Company. After concluding the property to be valued at approximately $2,500,000, they contract to a 65% loan to value (LTV) for the transaction. They also settle on a 11% interest rate, a 2 year term, and they will collect an origination fee of 5 points at closing. Interest only payments will be made each month with the principle paid back when the loan expires. According to the rules of this deal scenario, North Shore Funding Company will give Lily a sum of $1,543,750 on her real estate ($2,500,000 value x 65% loan-to-value - $81,250 in origination charges). Lily will then pay $14,896 per month in interest until the loan expires and will finally repay the $1,625,000 principle value of the loan.
Loan Example 2
Olga is an entrepreneur in Ramona, SD who owns a warehouse for her operation. She determines she needs some cash for her business operation but she is refused by her bank for a cash-out refinancing, so she goes to Coastal Lending Corporation for a hard money loan. The lender will fund 65% of the market value of the real estate (LTV) in exchange for a deed of trust and they conclude the building to be worth around $2,300,000. The additional rules of the deal are as follows : 1) a 11% interest rate, 2) a 4 year maturity with interest only payments paid monthly, and 3) 5 points paid at closing. According to the stipulations of this deal scenario, Coastal Lending Corporation will loan Olga a total of $1,420,250 on her building ($2,300,000 estimated value x 65% loan to value - $74,750 in origination points). Olga will pay $13,704 monthly in interest fees until the loan expires and will finally return the $1,495,000 principle amount of the loan.
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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