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Investment Property Loans in Baltic, South Dakota
A total of 12 results for investment property hard money lenders were found in Baltic, SD. The mean loan made to borrowers is around $513,125. The mean interest rate for hard money loans in Baltic is 10.3%. The median loan made in the city has a term of 73 months. The average points charged for loans is 2.5%. The typical loan to value (LTV) for loans in Baltic is 72%.
Loan Example 1
Brook View Funding makes a private money loan to Felix, a local investor in Baltic, SD who wishes to acquire a $360,000 rental property. Felix and Brook View Funding agree to a 85% loan-to-value (LTV) so they will fund 85% of the purchase price and Felix will have to come up with the other 15%. According to the parameters of the loan, the note is for 5 years at 11% interest. A 5 point origination fee will need to be paid at the closing and Felix will then make interest only payments with a balloon payment for the principle paid when the loan expires. By this deal, Felix will need to put $54,000 of his own money into the deal along with the $15,300 origination fee (5% x $306,000 principle amount). He will then need to pay $2,805 per month in interest.
Loan Example 2
Dynamic Investment Company issues a private money loan to Brian, a local real estate investor in Baltic, SD who wants to purchase a $320,000 rental house. Brian and Dynamic Investment Company agree to a 70% loan-to-value (LTV) so they will contribute 70% of the list price and Brian will have to pay the other 30%. The additional terms of the deal are the following: 1) a 2 year, interest only note, 2) a 12% interest rate, and 3) a 1 point origination fee paid when the deal closes. Based on the terms of the loan, Brian's payments will be $2,240 on a monthly basis. Also, he will be required to contribute $96,000 in cash at the closing along with the $2,240 origination fee. Upon expiration of the loan, he will have to return the $224,000 principle in a final balloon payment.
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
Direct Lender Programs - Purchase, Refi, Cash Out, Rehab, Construction, Property Types SFR, 2-4's, Residential Portfolios, Loan Amounts from 250k to 3.5m, Nationwide excluding MN, ND, OR, SD, VT, NV, AZ & UT. -------- All Inclusive Lending Additional Programs ...
Velocity Mortgage Capital
11241 Willows Rd NE, Suite 120, Bldg C
Redmond, WA 98052
Velocity Mortgage Capital is a wholesale, nationwide lender for asset-based, investment real estate, lending since 2004. We never look at the tax returns or personal income statements of our borrowers. Instead, our focus is the income producing potential of the ...
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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