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Investment Property Loans in Sinai, South Dakota
Sinai, SD has 12 investment property private money lenders issuing loans in the city. The average amount for loans in the city is $485,313. The average interest rate for hard money loans in Sinai is 10.8%. The average loan issued in the city has a term of 25 months. The average note includes a 2.0 point origination cost. 76% is the typical LTV offered for offered by lenders in Sinai.
Loan Example 1
Sylvia wants to buy a rental house in Sinai, SD for $260,000 with a hard money loan from South Star Funding Company. The lender loans Sylvia 65% of the value of the property (LTV), so she will be required to fund the other 35%. According to the terms of the loan, the note will be for 4 years at a 10% rate of interest. An origination fee of 3 points will need to be paid at closing and Sylvia will make interest-only payments with a balloon payment of the principle amount due at the end of the deal. Sylvia will have to pay $91,000 of her own cash upon closing (due to the 65% LTV) along with the $5,070 origination fee (3% x the $169,000 loan principle), and she will also start making payments of $1,408 per month after the loan is executed.
Loan Example 2
Cecil decides to buy a rental house in Sinai, SD for $150,000 using a hard money loan from Suburban Lending. Cecil and Suburban Lending contract to a 55% loan-to-value (LTV) so they will contribute 55% of the value and Cecil will have to pay the remaining 45%. By the parameters of the loan, the note will be for 3 years at 8% interest. An origination fee of 5 points will have to be paid when the deal closes and Cecil will have to make interest-only payments with a balloon payment of the loan principle paid at the end of the deal. By this scenario, Cecil will will be required to make these payments: 1) $67,500 down payment upon closing (due to the 55% LTV), 2) $4,125 in origination fees (5% x the $82,500 loan principle), and 3) $550 monthly in interest payments.
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, ...
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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 ...
Stratton Equities
28 Bloomfield Avenue
Pine Brook, NJ 07058
Stratton Equities is the Leading Nationwide Direct Private Money & NON-QM Mortgage Lender that specializes in fast and flexible lending processes. We have the largest library of private money and NON-QM nationwide loan programs under one roof. Our team is ...
New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
New Silver is a fintech that provides fast financing to real estate investors who focus on fix and flip residential projects. New Silver’s software accelerates, automates and streamlines loan originations, while using data to reduce default risk. You can get ...
REI Capital
5660 Strand Court
Naples, FL 34110
REI Niche Programs - CA NO appraisal 1st position loans - 65% LTV; 2nd position loans - 60% CLTV, NO minimum FICO, Defaults, foreclosure bail-outs, and bankruptcies OK, 6 mo prepay, cross multiple properties, Rural lower LTVs on a case-by-case ...
Capstone Financial
3014 N. Hayden Rd Suite 115
Scottsdale, AZ 85251
Capstone Financial is a Scottsdale, AZ based hard money lender who provides loans all across the US. They provide lending solutions for a variety of needs and situations, including cash out loans, fix and flip hard money loans, short ...
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. ...
Gokapital Mortgage
2150 Coral Way | Suite 1A
Miami, FL 33145
Gokapital, Inc. is a Miami, FL based private lender who provides funding all throughout the US.Providing lending solutions for a variety of situations, including loans for rental properties, cash out, hard money loans, fix-and-flip loans, hard money loans for commercial ...
Aegis Funding
2100 Main Street, suite 265
Huntington Beach, CA 92648
Aegis Funding is hard money lender based in Huntington Beach, CA. They provide loans throughout California. They offer lending solutions for a variety of needs and situations, including fix and flip loans and long term rental property loans. They issue ...
Lend Some Money
42 Thompson Street, Suite 1A
East Haven, CT 06513
Lend Some Money is a national private lender that makes hard money commercial loans for the refinance or purchase of non-owner-occupied residential and mixed-use commercial properties. Its industry-leading technology platform allows it to provide real estate investors and brokers ...
Money Source of America
4446 Hendricks
Jacksonville, FL 32207
Money Source of America is a Jacksonville, FL based private lender. They provide funding throughout the United States. They offer long term rental property loans, fix-and-flip loans, cash out hard money loans, ground-up construction loans, hard money bridge ...
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