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Refinance / Cash Out Loans in Howard, South Dakota
There are 15 hard money lenders serving Howard, SD. The median note amount in the city is $397,917. The median rate for hard money loans in Howard is 11.3%. 34 months is the median length for loans made in the city. The average note includes a 3.1 percent origination fee. Lenders in Howard average a 74% loan-to-value (LTV) on their loans.
Loan Example 1
Gertrude owns a a building for her business's operations in Howard, SD. She comes to an agreement with her business partner to buy out their share of the partnership but she doesn't have the personal funds for the deal. To make the transaction move forward, she takes cash out of the equity she has in her building through a hard money cash out refi loan through Blue Door Investment Group. In exchange for a deed of trust on the real estate, the lender will loan Gertrude 60% of its $1,700,000 estimated value. The lender will subtract 3 origination points when the transaction closes and will be paid interest-only payments at 10% for 4 years. The principle is to be paid off in one balloon payment when the note expires. According to the parameters of the deal scenario, Blue Door Investment Group will give Gertrude a sum of $989,400 on her real estate ($1,700,000 estimated value x 60% loan to value - $30,600 in origination points). Gertrude will then pay $8,500 monthly in interest fees until the note matures and will then pay back the $1,020,000 principle value on the note.
Loan Example 2
Jon is an entrepreneur in Howard, SD and he owns an office building for his operations. So he can obtain much-needed funds to grow his business, he cashes out some of the equity he has in his property through a private money cash-out refi loan from Forest Grove Funding Group. The lender carries out a market comparison and estimates the real estate is valued at $1,800,000. They will loan Jon 70% of the estimated market value (the LTV). The lender will begin receiving interest only payments for a 1 year term. They will also deduct 3 points at the closing and will have the principle repaid in a balloon payment when the loan expires. The principle will be $1,260,000 but Forest Grove Funding Group will front Jon $1,222,200 after subtracting the origination points of $37,800. They will also receive $10,500 in monthly interest payments until they are paid back when the loan expires.
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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. ...