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 Chester, South Dakota
A total of 13 results for hard money lenders were found in Chester, SD. The mean loan amount in the city is $325,000. The mean rate for private loans in Chester is 10.4%. The average loan issued in this city has a term of 44 months. The average loan offered in the city includes a 3.5 point origination charge. Lenders typically offer a 72% loan to value on deals in Chester.
Loan Example 1
Louise closes on a $190,000 renovation project in Chester, SD, using a hard money loan from South End Funding. The terms of the loan include a 65% loan to value (LTV), so she must contribute 35% of the price as cash at closing, which makes the principle loan amount $123,500. The interest rate on the loan is 12% for a term of 12 months and the company requires a five point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle amount will be returned after the sale of the property.
Louise will have to contribute $66,500 to the closing (35% on the 65% LTV), plus she will pay the $6,175 origination fee. Once the deal is executed and Louise takes the property, she will have to begin making payments each month of $1,235 to the lender ($123,500 principle x 12% / 12 months). Louise's plan is to complete the renovation within the 12 months and resell it for $266,000. If she succeeds she will earn a profit of $55,005 ($266,000 sales price - $123,500 principle amount - $66,500 funds brough to closing - $6,175 origination points - $14,820 in total interest paid.
Loan Example 2
Jenny locates a house in Chester, SD to remodel and resell. Since she does not have enough cash to buy the property outright, she takes a hard money loan from GJ Funding Corporation with the following parameters:
$180,000 sales price
65% loan-to-value (LTV)
12 month term
14% rate of interest
3% origination fee
After the rehab project is complete, if Jenny sells the project for $261,000, the final numbers would be as follows:
$261,000 sales price
- $117,000 principle (65% LTV)
- $63,000 cash paid at closing (35% on 65% LTV)
- $3,510 origination fee (3% of the $117,000 principle amount)
- $16,380 total interest paid (12 months x 14% interest)
-----------------------
= $61,110 total profit (does not 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 ...
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. ...
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 ...
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