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Refinance / Cash Out Loans in Spearfish, South Dakota
There are 15 records for hard money refi lenders serving Spearfish, SD. In this city, the average amount for loans is $496,000. The average rate for private loans in Spearfish is 9.0%. The mean term offered for notes is 40 months. The mean loan includes a 2.0 point origination charge. Lenders offer on average a 76% loan to value on loans in Spearfish.
Loan Example 1
Eve owns a an industrial building for her business operations in Spearfish, SD. She looks to Flourish Funding for a cash-out refinancing after she is refused a loan by her credit union for her company's ongoing inventory needs. The lender agrees to fund 50% of the value of the property (LTV) for a first position equity stake and they decide it to be valued at about $900,000. They also agree to a 13% interest rate, a 4 year loan period, and they will charge an origination fee of 1 percent at closing. Interest only payments are to be paid each month with the principle to be paid back when the note expires. Eve will receive $445,500 in cash from Flourish Funding when the transaction is executed ($900,000 estimated market value x 50% loan-to-value - $4,500 in origination charges). She will then make monthly payments of $4,875 for the 4 year length of the note. She will also make a final payment of $450,000 to retire the debt.
Loan Example 2
Barbara is a business owner in Spearfish, SD who owns a retail space for her operation. So she can generate much-needed funds to expand her business, she takes out part of the equity in her building via a private money cash out refinance from East End Funding Group. In exchange for a first lien position on the property, the lender agrees to loan Barbara 55% of its $1,200,000 estimated market value. The other specifications of the deal are the following : 1) a 9% rate of interest, 2) a 3 year length with interest-only payments made each month, and 3) 3 points paid at the close. By the specifications of the loan, East End Funding Group will give Barbara a total of $640,200 on her property ($1,200,000 value x 55% LTV - $19,800 in origination points). Barbara will then pay $4,950 per month in interest until the loan matures and will finally pay back the $660,000 face amount on the loan.
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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 ...
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
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. ...
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