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Ramona, SD has 16 commercial hard money lenders in the city. The mean note amount in the city is $716,667. Interest rates for loans average about 9.2%. The mean loan made in the city has a length of 47 months. The average origination percentage applied to loans is 2.9%. The average loan-to-value (LTV) offered for loans in Ramona is 76%.
Alisa is a business owner in Ramona, SD. She wants to acquire a new building for her company but she is not able to obtain a commercial mortgage from her bank due to her low credit rating. She looks to South End Investment Corporation for a commercial private money loan in order to fund the acquisition. The lender contracts to a 75% loan-to-value (LTV) on the sale and the new property is listed for $530,000, so they will fund $397,500 and Alisa will bring the remaining $132,500. Additionally, the lender will collect a 4 percent origination fee in combination with the 14%, 1 year term on the note. They agree to not enforce a pre-payment penalty in case Alisa pays off the loan early. By the parameters of this deal, Alisa will have to pay an origination fee of $15,900 at the closing (4% x $397,500 principle value) and will then begin making payments of $4,638 monthly ($397,500 principle value x 14% interest / 12 months). she will also make a balloon payment of the $397,500 principle value upon expiration of the note, or sooner if she decides to pay off early.
In order to acquire a new retail space for his small business, Victor turns to Big City Finance Corporation to fund his purchase with a commercial private money loan since he is unable to secure a standard loan from a bank. The building costs $820,000. Victor will have to put 45% down, or $369,000, since the lender will only loan 55% of the purchase (the loan-to-value or "LTV"). Accordingly, the principle on the deal is $451,000. Additionally, the lender will collect a 5 point origination fee along with the 14%, 2 year term on the deal. They agree to not charge a pre-payment penalty if Victor pays off the note early. By the parameters of the deal, Victor will pay an origination charge of $22,550 at the closing (5% x $451,000 principle) and will then begin making payments of $5,262 monthly ($451,000 principle x 14% interest / 12 months in a year). Finally, he will make a final payment of the $451,000 principle upon expiration of the loan, or sooner if he decides to pay off early.
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 ...
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 ...
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 ...
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 ...
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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