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 Canton, South Dakota
Canton, SD has 13 hard money lenders in the city. Loan amounts average around $545,000. The median rate for loans in Canton is 11.1%. The median note issued in this city is for 23 months. The average loan includes a 3.2 percent origination cost. Lenders in Canton average a 70% loan to value on their loans.
Loan Example 1
Ella takes a loan from J & T Lending Group in order to rehab a condo to resale in Canton, SD. The list price of the property is $170,000. Because the lender sets a 80% loan-to-value, Ella will need to put 20% down so the total amount of the loan will be $136,000. The terms of the loan dictate a 10% note for 12 months. They also require a 1 point origination fee, that will also have to be paid when the property closes.
Ella will need to bring $34,000 at closing (20% on the 80% loan-to-value), plus she will have to pay the $1,360 origination fee. The monthly interest only payments will then be $1,133 to J & T Lending Group. If Ella accomplishes her goal of a $229,500 total sales price when the loan expires, she would collect a total profit of $44,540 after repaying the principle on the note and deducting the cash she paid at closing, the origination fee, and the monthly interest payments.
Loan Example 2
Marcus takes out a hard money loan from South End Investments so he can remodel a townhouse to resell in Canton, SD. The deal has the following terms:
$230,000 purchase price
65% loan-to-value (LTV)
12 month term
12% interest rate
3% origination fee
After the renovation project is finished, if Marcus sells the house for $310,500, the final numbers would be as follows:
$310,500 sales price
- $149,500 principle (65% LTV)
- $80,500 cash paid at closing (35% on 65% LTV)
- $4,485 origination points (3% of the $149,500 principle)
- $17,940 total interest paid (12 months x 12% interest)
-----------------------
= $58,075 gross 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 ...
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 ...
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. ...
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