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Fix and Flip Loans in Nunda, South Dakota
There are 16 search results for fix-and-flip hard money lenders serving Nunda, SD. Note amounts average about $469,375. Rates for hard money loans average 12.5%. The typical loan made in the city has a length of 35 months. The average origination percentage charged for the loans is 3.8%. Lenders typically offer a 76% loan-to-value on loans in Nunda.
Loan Example 1
Debora takes a fix-and-flip loan from Prosper Finance Corporation in order to rehab a townhome to resale in Nunda, SD. The list price of the property is $240,000. The lender agrees to make a note with a 70% loan to value (LTV) so they will loan $168,000 on the house. The loan is interest-only, with monthly payments, and is for 18 months at 14% interest with 3 points paid at closing.
In accordance with the parameters of the note, Debora will need to pay a $5,040 origination fee plus 30% of the purchase price, or $72,000, since there is a 70% LTV. After the deal is closed and Debora takes on the project, she will have to begin making payments each month of $1,960 to Prosper Finance Corporation ($168,000 principle x 14% / 12 months). Debora's plan is to complete the house within the 18 months and re-sell it for $336,000. If she succeeds she will make a total profit of $55,680 ($336,000 price - $168,000 principle - $72,000 cash paid at closing - $5,040 origination points - $35,280 in total interest payments.
Loan Example 2
Philip takes a hard money loan from North Star Investments in order to renovate a house to flip in Nunda, SD. The deal has the following parameters:
$160,000 purchase price
65% loan to value (LTV)
12 month term
8% rate of interest
2% origination fee
If Philip accomplishes his goal of a $224,000 sales price, the outcome of the deal will be the following:
$224,000 sales price
- $104,000 principle on note (65% LTV)
- $56,000 cash paid at closing (35% on 65% LTV)
- $2,080 origination points (2% of the $104,000 principle)
- $8,320 total interest paid (12 months x 8% interest)
-----------------------
= $53,600 gross profit (doesn't include taxes or rehab costs)
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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 ...
American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
National Advance Group
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 ...
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 ...
ABC Capital Investments
1218 N. Marshall Street
Philadelphia, PA 19122
ABC Capital Investments is a Philadelphia, PA based private lender who offers loans all throughout the US. They provide lending solutions for many different scenarios, including long term rental property loans and short term fix and flip loans. ...
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 ...
Aegis Funding
2100 Main Street, suite 265
Huntington Beach, CA 92648
Aegis Funding is hard money lender based in Huntington Beach, CA. They provide loans throughout California. They offer lending solutions for a variety of needs and situations, including fix and flip loans and long term rental property loans. They issue ...
Quickline Capital Partners
4713 Crossroads Park Drive Suite 101
Liverpool, NY 13088
Quickline Capital Partners is a Syracuse, NY based private lender providing loans across the US. They offer loans for a variety of scenarios, including fix and flip loans and commercial hard money loans. Their lending parameters are flexible, including terms ...
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