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A total of 18 search results for commercial hard money lenders were found in Bismarck, ND. In this city, the average amount loaned is $492,857. Rates for loans average 11.7%. The typical term offered for notes is 27 months. The average hard money loan offered in this city includes a 4.0 point origination charge. 71% is the typical loan to value (LTV) offered for offered by lenders in Bismarck.
Gilbert is a small business owner in Bismarck, ND. He wants to acquire a new office space for his company but he is not able to obtain a conventional mortgage loan from his bank due to his subpar FICO score. He turns to Blue Square Investment Company for a commercial hard money loan so he can close the acquisition. The new building will cost $1,240,000. Since there is a 55% loan to value (LTV) stipulated by the lender, the loan principle amount will be $682,000. The additional $558,000 will be the responsibility of the borrower. Additionally, the lender will collect a 1 point origination fee to go along with the 10%, 2 year term on the note. They agree to not charge a pre-payment penalty if Gilbert pays off the loan before expiration. Gilbert will be required to pay an origination fee of $6,820 and will then begin making the monthly payments in the amount of $5,683 ($682,000 principle x 10% interest rate / 12 months in a year). He can repay the note early if he decides to because there is not a pre-payment penalty but he will be responsible for paying off the full principle whenever he eliminates the loan.
Luisa is an entrepreneur in Bismarck, ND. She decides to purchase a new office building for her company but she is not able to secure a conventional mortgage loan from her bank because of her low FICO score. She looks to Prosperity Finance Group for a commercial private money loan so she can fund the purchase. Since the borrower and lender agree on a 65% loan-to-value (LTV), Luisa will pay $630,000 at closing and the loan principle amount will be $1,170,000 because the price of the new property is $1,800,000. In addition, the lender will require a 1 percent origination fee along with the 12%, 2 year term on the note. They will not enforce a pre-payment penalty in case Luisa pays off the note before expiration. Under the conditions of this loan, Luisa will need to pay origination points of $11,700 when the loan is closed. She will also begin making payments of $11,700 / month throughout the duration of the note and will pay off the principle amount at the end of the 2 year loan term. If she decides to pay off the note earlier, she may do so without additional expense because there is not a pre-payment penalty attached to 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 ...
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 ...
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 ...
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 ...
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
REI Niche Programs - CA NO appraisal 1st position loans - 65% LTV; 2nd position loans - 60% CLTV, NO minimum FICO, Defaults, foreclosure bail-outs, and bankruptcies OK, 6 mo prepay, cross multiple properties, Rural lower LTVs on a case-by-case ...
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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