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 Beresford, South Dakota
We found 13 records for hard money lenders operating in Beresford, SD. The mean amount for loans in the city is $595,313. Interest rates for hard money loans average around 10.9%. The average loan made in the city has a length of 30 months. The average points charged for loans is 2.7%. Lenders in Beresford average a 73% loan-to-value (LTV) on their deals.
Loan Example 1
Erik finds a condo in Beresford, SD to flip and sell. Since he doesn't have enough cash to acquire the $180,000 house outright, he decides to take out a private money loan from Victory Lending Corporation. The lender agrees to write a loan with a 60% loan-to-value (LTV) so they are willing to extend $108,000 on the project. The loan is interest only, with monthly payments, and is for 6 months at 10% interest with 4 origination points to be paid at the closing.
The borrower must fund a total of $32,400 upon closing to cover the $72,000 down payment in addition to the $4,320 origination fee. Once the deal closes, he will have to pay the lender $900 in monthly interest fees, or 10% multiplied times $108,000 divided by 12 months in the year. If Erik sells the property for $261,000 after 6 months, he would realize a gross profit of $71,280 after subtracting the original principle of $108,000, the money paid at closing of $72,000, the origination fee of $4,320, and the aggregate interest payments of $5,400. This amount doesn't account for renovation costs.
Loan Example 2
Hometown Funding makes a private money loan to Carolina for a remodeling project in Beresford, SD. The loan dictates the following:
a) A $280,000 purchase price, b) a 65% loan to value (LTV), c) a 6 month term, d) a 10% interest rate, and e) a 4% origination fee.
After the renovation project is completed, if Carolina sells the property for $392,000, the final numbers would be the following:
$392,000 sales price
- $182,000 note principle (65% LTV)
- $98,000 cash paid at closing (35% on 65% LTV)
- $7,280 origination points (4% of the $182,000 principle amount)
- $9,100 total interest paid (6 months x 10% interest)
-----------------------
= $95,620 total profit (doesn't include taxes or rehab 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 ...
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 ...
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. ...
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 ...
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