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 Custer, South Dakota
There are 13 hard money lenders operating in Custer, SD. The average loan amount in this city is $349,688. The average interest rate for loans in Custer is 11.2%. The median term offered for loans is 32 months. A typical loan issued in this city includes a 2.6 percent origination cost. 70% is the average loan-to-value (LTV) offered for offered by lenders in Custer.
Loan Example 1
Shelly finds a house in Custer, SD to renovate and sell. Since she doesn't have enough cash available to buy the $340,000 house outright, she takes out a private money loan from BCC Lending Company. Since the lender agrees to a 55% loan-to-value, Shelly will be required to put 45% down so the amount of the note will be $187,000. The loan also includes these features: 1) a 12 month length, 2) a 10% interest only note, and 3) a one point origination fee.
In addition to paying the $1,870 origination fee, Shelly will also have to fund $153,000 of the purchase with her own funds, or 45% of the purchase price. After the loan is closed and Shelly takes on the property, she will need to begin making monthly payments of $1,558 to the lender ($187,000 principle x 10% / 12 months). If Shelly accomplishes her goal of a $493,000 total sales price when the loan expires, she would make a gross profit of $132,430 after re-paying the principle on the note and subtracting the money she brought to closing, the origination points, and the total monthly interest payments.
Loan Example 2
Angel finds a house in Custer, SD to rehab and re-sell. Because he does not have enough cash to buy the property outright, he takes a hard money loan from Big Money Lending with the following parameters:
$380,000 purchase price
80% loan-to-value (LTV)
12 month term
10% interest rate
4% origination fee
Based on a $456,000 sales price after the 12 month term, the outcome for the deal would look like this:
$456,000 sales price
- $304,000 principle (80% LTV)
- $76,000 cash paid at closing (20% on 80% LTV)
- $12,160 origination points (4% of the $304,000 principle)
- $30,400 total interest paid (12 months x 10% interest)
-----------------------
= $33,440 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 ...
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. ...
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