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Investment Property Loans in Belle Fourche, South Dakota
Belle Fourche, SD has 12 investment property private money lenders offering loans within the city. Note amounts average around $605,313. Rates for private loans average around 8.9%. The average length offered for loans is 82 months. The average origination fee charged on the loans is 3.0%. 76% is the typical loan to value (LTV) offered for for loans in Belle Fourche.
Loan Example 1
Consuelo wants to buy an investment property in Belle Fourche, SD which is listed for $180,000. Since she doesn't have enough cash for the transaction and can't get a traditional bank loan, she obtains a hard money loan from Blue Door Investment Corporation. Consuelo and Blue Door Investment Corporation contract to a 85% loan-to-value (LTV) so they will fund 85% of the sales price and Consuelo will be responsible for the other 15%. By the terms of the loan, the note is for 2 years at a 14% rate of interest. A 4 point origination fee will be paid when the deal closes and Consuelo will then make interest only payments with a balloon payment of the principle amount paid at the end of the deal. Consuelo will need to fund $27,000 of her own cash at closing (based on the 85% LTV) in addition to the $6,120 in origination fees (4% x the $153,000 loan principle), plus she will then start paying $1,785 per month when the deal is closed.
Loan Example 2
Justine decides to buy a rental property in Belle Fourche, SD which costs $400,000. Because she doesn't have enough cash for the sale and cannot obtain a bank loan, she obtains a hard money loan from Prime Time Finance Group. Based on a 55% loan to value (LTV) contracted to by the lender and borrower, Justine will need to pay the other 45% in cash. By the terms of the deal, the note will be for 4 years at a 12% rate of interest. An origination fee of 5% will be paid when the deal closes and Justine will make interest-only payments with a balloon payment of the loan principle paid when the note expires. Justine will be required to pay $180,000 of her own cash upon the close of the loan (based on the 55% LTV) in addition to the $11,000 in origination points (5% x the $220,000 loan principle), plus she will then start making payments of $2,200 per month once the deal is executed.
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 ...