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Refinance / Cash Out Loans in Brookings, South Dakota
A total of 15 search results for hard money refinance lenders were found in Brookings, SD. In this city, the median amount loaned is $447,917. The median rate for loans in Brookings is 9.5%. The median note issued in this city is for 31 months. The mean origination fee applied to the loans is 3.5%. Lenders in Brookings average a 74% loan to value on their deals.
Loan Example 1
Edwin owns a an industrial building for his business operations in Brookings, SD. He determines he requires cash for his business operation but he is refused by his local bank for a cash out refi loan, so he looks to Assurance Funding Corporation for a private money loan. After concluding the property to be worth around $2,800,000, the lender agrees to a 50% loan to value (LTV) for the transaction. They also specify a 12% interest rate, a 5 year note length, and will charge an origination fee of 4 percent at closing. Interest-only payments will be paid monthly with the loan principle re-paid when the note matures. The principle will be $1,400,000 but Assurance Funding Corporation will contribute Edwin $1,344,000 after deducting the origination fee of $56,000. Additionally, they will receive $14,000 in monthly interest payments until they are paid off when the note matures.
Loan Example 2
Gene is a small business owner in Brookings, SD who owns a warehouse for his operation. So he can generate much needed cash to operate his business, he cashes out some of the equity he has in his building via a hard money cash-out refinancing from West Shore Finance Group. The lender agrees to fund 65% of the estimated value of the real estate (LTV) for a deed of trust and they estimate it to be valued at approximately $500,000. The lender will begin to collect interest-only payments for a 2 year term. They will also subtract 2 points at the closing and will then get the principle paid back in a balloon sum when the loan expires. The loan principle is $325,000 but West Shore Finance Group will pay Gene $318,500 after subtracting the origination points of $6,500. They will also collect $2,438 in monthly interest payments until they are repaid when the loan matures.
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 ...
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 ...
Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States. They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...
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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