With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
Hard Money Loans in Arlington, South Dakota
Arlington, SD has 13 private money lenders serving the city. In this city, the median amount for loans is $404,167. Rates on hard money loans issued to Arlington investors average around 10.2%. The mean loan made in this city has a length of 24 months. The average loan issued in this city includes a 3.3 percent origination fee. 73% is the mean LTV offered for offered by lenders in Arlington.
Loan Example 1
Victor is an investor in Arlington, SD. He finds a run-down property and wants to rehab it and sell it for a profit. The property has a cost of $210,000 but he does not have the full amount so he obtains a hard money loan with Big Money Investment Group. The borrower will be required to fund 20% of the sales price in cash to the closing based on a 80% loan to value set by the lending company. This makes the principle note from Big Money Investment Group $168,000. The rate on the loan is 10% for a length of 6 months and the lender requires a one point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.
Accordingly, Victor will need to contribute a $42,000 down payment in addition to paying a $1,680 origination fee. The monthly interest-only payments will then total $1,400 to Big Money Investment Group. If Victor sells the house for $294,000 after 6 months, he would then earn a gross profit of $73,920 after deducting the principle of $168,000, the funds paid at the close of $42,000, the origination fee of $1,680, and the aggregate interest payments of $8,400. This profit does not include rehab costs.
Loan Example 2
Aaron takes a hard money loan from Red Oak Lending so he can renovate a property to resell in Arlington, SD. The loan has the following terms:
a) A $200,000 sales price, b) a 80% loan-to-value (LTV), c) a 18 month term, d) a 11% interest rate, and e) a 2% origination fee.
If Aaron achieves his goal of a $240,000 sales price, the numbers of the project will be the following:
$240,000 sales price
- $160,000 note principle (80% LTV)
- $40,000 down payment (20% on 80% LTV)
- $3,200 origination points (2% of the $160,000 principle)
- $26,400 total interest paid (18 months x 11% interest)
-----------------------
= $10,400 gross profit (doesn't include taxes or renovation costs)
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 ...
CMN Funding
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 ...
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 ...
Rapid Commercial Loans
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 ...
Figure.com
650 California Street, Suite 2700
San Francisco, CA 94108
At Figure, we're transforming home equity by creating a faster, simpler and more transparent way to meet your financial goals. Learn how to use the equity in your home to consolidate debt, pay for home improvement, or fund your goals. ...
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 ...
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. ...
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. ...
11 Capital Finance
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. ...
Your Information is Processing