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Hard Money Loans in Caputa, South Dakota
There are 13 private money lenders serving Caputa, SD. The mean loan amount is $425,000. Rates on hard money loans made to Caputa investors average around 11.2%. The mean loan made in the city is 22 months in length. The average origination percentage charged on loans is 2.5%. Lenders in Caputa average a 72% loan-to-value (LTV) on their deals.
Loan Example 1
Etta takes a hard money loan from Evergreen Finance Group in order to rehab a townhouse to flip in Caputa, SD. The sales price of the house is $400,000. Because the lender sets a 60% loan to value, Etta will need to put 40% down and the amount of the loan will be $240,000. The loan is interest only, with monthly payments, and is for 18 months at 8% interest with 4 points to be paid when the deal closes.
Etta will need to bring $160,000 to closing (40% on the 60% loan-to-value), plus she will need to pay the $9,600 origination fee. The monthly interest only payments will then be $1,600 to the lender. If Etta sells the house for $520,000 after 18 months, she would then earn a gross profit of $81,600 after deducting the principle amount of $240,000, the cash contributed at closing of $160,000, the origination points of $9,600, and the aggregate interest payments of $28,800. This profit doesn't account for rehab costs.
Loan Example 2
Ericka takes a loan from Sunrise Lending Corporation so she can renovate a townhome to re-sell in Caputa, SD. The loan has the following parameters:
a) A $220,000 purchase price, b) a 85% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 1% origination fee.
Once the renovation project is finished, if Ericka sells the house for $308,000, the final numbers would be as follows:
$308,000 sales price
- $187,000 principle (85% LTV)
- $33,000 down payment (15% on 85% LTV)
- $1,870 origination points (1% of the $187,000 principle amount)
- $25,245 total interest paid (18 months x 9% interest)
-----------------------
= $60,885 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, ...
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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 ...
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 ...
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. ...
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