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Hard Money Loans in Sinai, South Dakota
We found 13 records for private money lenders serving Sinai, SD. Note amounts average around $493,750. Rates for loans average 11.5%. The median loan made in the city is for 20 months. A typical loan issued in the city includes a 2.9 point origination cost. Lenders in Sinai average a 69% loan-to-value (LTV) on their deals.
Loan Example 1
Dynamic Investment Group issues a private money loan to Kerry for a renovation project in Sinai, SD, on a house that is listed for $190,000. The lender agrees to make a note with a 50% loan-to-value (LTV) so they are willing to extend $95,000 on the property. The note is interest only, paid monthly, and is for 18 months at 9% interest with 4 points paid at closing.
According to the terms of the note, Kerry will need to pay a $3,800 origination fee in addition to 50% of the purchase price, or $95,000, based on the 50% LTV. she will then pay $713 per month to Dynamic Investment Group. If Kerry sells the property for $275,500 after 18 months, she would then realize a gross profit of $68,875 after deducting the principle amount of $95,000, the cash paid at closing of $95,000, the origination points of $3,800, and the aggregate interest payments of $12,825. This amount does not include remodeling costs.
Loan Example 2
Presitge Investment Corporation makes a hard money loan to Jim for a renovation project in Sinai, SD. The deal includes the following:
$180,000 sales price
50% loan to value (LTV)
18 month term
13% interest rate
1% origination fee
Jim intends to sell the project when the note expires for $243,000. If he succeeds, the deal numbers will be the following:
$243,000 sales price
- $90,000 principle on note (50% LTV)
- $90,000 down payment (50% on 50% LTV)
- $900 origination points (1% of the $90,000 principle amount)
- $17,550 interest payments (18 months x 13% interest)
-----------------------
= $44,550 total profit (doesn't include taxes or renovation costs)
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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 ...
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. ...
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 ...
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. ...
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