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A total of 18 search results for commercial private money lenders were found in Devils Lake, ND. Loan amounts average around $427,778. The median interest rate for private loans in Devils Lake is 11.1%. The average note issued in the city has a term of 33 months. The mean note includes a 3.5 percent origination fee. Lenders in Devils Lake average a 73% loan to value (LTV) on their deals.
Wade is a business owner in Devils Lake, ND. He decides to purchase a new warehouse for his company but he is not able to secure a standard loan from his bank due to his subpar FICO score. He turns to ABC Lending Corporation for a commercial private money loan in order to fund the purchase. The list price of the building is $1,900,000 and the lender agrees to fund 65% of the price (the loan-to-value / "LTV"), or $1,235,000. The remaining $665,000 will need to be contributed by the borrower when the deal closes. The lender also stipulates the following terms to the deal: 1) a 9% interest rate, 2) a 4 year length with interest-only payments monthly, 3) an origination fee of 1 percent paid by the borrower at the close, and 4) no penalty for pre-payment. Wade will be required to pay an origination fee of $12,350 and he will then start to make the interest payments of $9,263 ($1,235,000 principle amount x 9% interest / 12 months in a year). He may repay the note early if he chooses since there is not a pre-payment penalty but he will be responsible for paying off the full principle when he eliminates the loan.
Yolanda is a small business owner in Devils Lake, ND. She decides to acquire a new office space for her company but she is not able to get a conventional mortgage loan from her bank because of her below average credit rating. She looks to South Side Finance Corporation for a commercial hard money loan in order to close the transaction. The building costs $680,000. Since there is a 60% loan to value (LTV) stipulated by the lender, the loan principle amount will be $408,000. The remaining $272,000 will be be funded by the borrower. The lender additionally requires the following terms to the deal: 1) a 11% rate of interest, 2) a 3 year term with interest-only payments monthly, 3) an origination fee of 1 percent paid by the borrower at the close, and 4) no penalty for pre-payment. In accordance with the parameters of this deal, Yolanda will have to pay origination points of $4,080 when the deal is executed. She will also start to make payments of $3,740 monthly for the duration of the loan and will pay off the principle at the expiration of the 3 year term. If she decides to re-pay the loan before, she can do so without additional cost because there is not a pre-payment penalty stipulated by the deal.
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 ...
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
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 ...
1121 E. Mullan Ave
Coeur d'Alene, IA 83814
Based in Coeur d'Alene, IA, COGO Capital is an asset-based lender providing loans in 45 states throughout the US. They provide private commercial loans, fix-and-flip loans, and loans for investments properties. Their loan guidelines are flexible, including ...
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
Patch Lending (formally Patch of Land) is a national private lender offering real estate investors fast and reliable financing for investment properties. Patch offer short-term single-family and multi-family bridge, fix & flip, ground-up construction, and long-term rental property financing. They ...
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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