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Aberdeen, SD has 16 commercial hard money lenders operating in the city. Note amounts average approximately $652,778. The median rate for loans in Aberdeen is 11.2%. The typical loan issued in the city is for 18 months. The mean origination percentage charged for loans is 13.3%. Lenders typically offer a 71% loan to value (LTV) on loans in Aberdeen.
Forest Grove Finance Group issues a hard money loan to Leslie for the purchase of a new office building after he is turned down for a conventional mortgage loan by his credit union because he has a low FICO score. The list price of the property is $1,820,000 and the lender agrees to fund 75% of the price (the loan to value / "LTV"), or $1,365,000. The other $455,000 will have to be paid by the borrower when the loan is executed. The lender additionally specifies the following terms of the transaction: 1) a 12% interest rate, 2) a 1 year length with interest only payments monthly, 3) an origination fee of 1 points paid by the borrower at the close, and 4) no penalty for pre-payment. By the terms of this deal, Leslie will need to pay origination points of $13,650 when the deal is executed. He will also begin to make payments of $13,650 each month throughout the duration of the note and will pay off the principle at the end of the 1 year loan term. Should he decide to pay back the note early, he can do so without additional expense because there is no pre-payment penalty stipulated by the loan.
Presitge Investment Company makes a hard money loan to Earl for the purchase of a new commercial building after he is denied a conventional mortgage loan by his local bank due to a subpar credit rating. The price of the building is $800,000 and the lending company agrees to fund 55% of the purchase price (the loan to value / "LTV"), or $440,000. The other $360,000 will be paid by the borrower when the sale closes. The loan also dictates a 2 year term, a 9% rate of interest, interest only payments made each month with a balloon payment when the note expires (with no pre-payment penalty), and a 4 percent origination fee. Earl will have to pay the origination fee of $17,600 and will then begin to make the interest payments of $3,300 ($440,000 principle x 9% interest / 12 months). He may pay back the note whenever he decides to because there isn't a pre-payment penalty but he is responsible for the original principle when he eliminates 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, ...
"WE LEND YOU GROW" Xpress Loans 911 believes that your business should have ready access to working capital, just like big corporations do. So, we pair you with funders that focus on working with small and mid-sized businesses and are ...
1510 Central Ave, Suite 380
Albany, NY 12205
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial real estate loans. They issue loan amounts starting at $100,000 with no maximum. They will ...
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 ...
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 ...
1 Linden Place
Great Neck, NY 11021
Based in Great Neck, NY, National Advance Group is an asset-based lender providing loans in 50 states across the United States. They offer lending solutions for a variety of scenarios, including commercial hard money loans and fix-and-flip hard money ...
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
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 ...
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 ...
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 ...
3014 N. Hayden Rd Suite 115
Scottsdale, AZ 85251
Capstone Financial is a Scottsdale, AZ based hard money lender who provides loans all across the US. They provide lending solutions for a variety of needs and situations, including cash out loans, fix and flip hard money loans, short ...
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 ...
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 ...
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 ...
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
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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