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Refinance / Cash Out Loans in Sioux Falls, South Dakota
Sioux Falls, SD has 17 lenders operating within the city. The average note amount is $435,834. The average interest rate for hard money loans in Sioux Falls is 11.7%. 21 months is the average length for loans made in the city. The average note includes a 3.5 point origination fee. 74% is the typical loan-to-value (LTV) offered for for loans in Sioux Falls.
Loan Example 1
Jean is a small business owner in Sioux Falls, SD and she owns a commercial building for her operation. She comes to a deal with her business partner to buy out their ownership of the operation but she doesn't have enough cash for the deal. In order to make the transaction move forward, she takes cash out of the equity in her building via a hard money cash-out refinance loan through Flourish Finance Corporation. The lender will loan 40% of the estimated market value of the real estate (LTV) in exchange for a first lien and they deem it to be valued at approximately $2,600,000. The other terms of the deal are the following : 1) a 8% rate of interest, 2) a 1 year term with interest only payments paid monthly, and 3) 2 points paid at the close. Based upon the terms of this loan, Flourish Finance Corporation will loan Jean a total of $1,019,200 on her property ($2,600,000 market value x 40% loan-to-value - $20,800 in origination fees). Jean will pay $6,933 monthly in interest payments until the note matures and will finally pay back the $1,040,000 principle amount on the note.
Loan Example 2
Calvin owns a an industrial building he uses for his business's operations in Sioux Falls, SD. In order to generate much-needed capital to expand his company, he cashes out some of the equity in his property via a hard money cash-out refinance from South Side Funding Corporation. The lender does a valuation comparison and estimates the building to be worth $1,300,000. They agree to loan Calvin 60% of this market value (the LTV). The lender will start receiving interest-only payments for a 4 year period. Additionally, they will deduct 4 points at the closing and will then have the principle re-paid in one balloon payment when the loan expires. According to the rules of this loan, South Side Funding Corporation will loan Calvin a total of $748,800 on his property ($1,300,000 market value x 60% loan to value - $31,200 in origination charges). Calvin will pay $9,100 per month in interest until the loan matures and will then repay the $780,000 principle value on the loan.
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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Kiavi
2 Allegheny Center, Nova Tower 2, Suite 200
Pittsburgh, PA 15212
With more than $21B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way ...
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 ...
Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
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 ...
Velocity Mortgage Capital
11241 Willows Rd NE, Suite 120, Bldg C
Redmond, WA 98052
Velocity Mortgage Capital is a wholesale, nationwide lender for asset-based, investment real estate, lending since 2004. We never look at the tax returns or personal income statements of our borrowers. Instead, our focus is the income producing potential of the ...
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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