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 Northville, South Dakota
There are 13 lenders offering loans in Northville, SD. The mean note amount in this city is $426,137. Rates on hard money loans made to Northville investors average about 10.4%. 25 months is the mean term for notes issued in this city. The mean origination fee charged on the loans is 4.8%. Lenders in Northville average a 69% loan-to-value on their loans.
Loan Example 1
Candy closes on a $350,000 renovation project in Northville, SD, using a hard money loan from Big Money Lending Group. The borrower will be required to fund 15% of the sales price in cash to the closing based on a 85% loan to value set by the lending company. This makes the loan principle from Big Money Lending Group $297,500. The deal also has the following features: 1) a 6 month length, 2) a 10% interest only note, and 3) a five point origination fee.
According to the terms of the deal, Candy will need to pay a $14,875 origination fee plus 15% of the sales price, or $52,500, based on the 85% LTV. she will then pay $2,479 monthly to Big Money Lending Group. Candy's intention is to finish the remodel within the 6 months and resell it for $455,000. If she succeeds she will collect a profit of $75,250 ($455,000 price - $297,500 principle amount - $52,500 cash at closing - $14,875 origination points - $14,875 in total interest.
Loan Example 2
Uptown Finance Group issues a hard money loan to Callie for a rehab project in Northville, SD. The deal includes the following:
$190,000 sales price
75% loan-to-value (LTV)
18 month term
12% interest rate
2% origination fee
Callie intends to sell the property when the note expires for $228,000. If she accomplishes her goal, the final numbers will be as follows:
$228,000 sales price
- $142,500 note principle (75% LTV)
- $47,500 down payment (25% on 75% LTV)
- $2,850 origination fee (2% of the $142,500 principle)
- $25,650 interest payments (18 months x 12% interest)
-----------------------
= $9,500 gross 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 ...
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. ...
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. ...
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