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 Keystone, South Dakota
There are 13 results for private money lenders offering loans in Keystone, SD. In this city, the mean loan amount is $721,875. Interest rates for private loans average around 10.3%. The mean length offered for loans is 26 months. The average origination for loans is 3.7 points. 72% is the median loan to value (LTV) offered for offered by lenders in Keystone.
Loan Example 1
Prosperity Finance issues a private money loan to Jeffery for a remodeling project in Keystone, SD, on a property that is listed for $290,000. The terms of the deal include a 55% loan to value (LTV), so he must bring 45% of the price as cash at closing, making the principle loan amount $159,500. The note is interest-only, paid monthly, and is for 12 months at 14% interest with 5 points to be paid at the closing.
Accordingly, Jeffery will be required to contribute a $130,500 down payment in addition to paying a $7,975 origination fee. The monthly interest-only payments will then total $1,861 to the lender. Assuming Jeffery sells the remodeled project for $391,500 at the end of the 12 month term, his total profit (not including renovation expenses) would be $71,195. This is computed by taking the sales price ($391,500) and subtracting the principle ($159,500), the origination cost ($7,975), the cash he brought to closing ($130,500), and the total interest expenses ($22,330).
Loan Example 2
Bobbi locates a house in Keystone, SD to renovate and re-sell. Because she does not have enough cash to buy the property outright, she takes a hard money loan from All American Investment Company with the following parameters:
$350,000 purchase price
85% loan to value (LTV)
18 month term
10% interest rate
2% origination fee
If Bobbi accomplishes her goal of a $507,500 sales price, the outcome of the project would be as follows:
$507,500 sales price
- $297,500 note principle (85% LTV)
- $52,500 cash paid at closing (15% on 85% LTV)
- $5,950 origination points (2% of the $297,500 principle amount)
- $44,625 interest payments (18 months x 10% interest)
-----------------------
= $106,925 total profit (does not 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 ...
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. ...
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 ...
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 ...
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