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Investment Property Loans in Brookings, South Dakota
A total of 12 results for investment property hard money lenders were found in Brookings, SD. The mean amount loaned is $412,084. Interest rates for hard money loans average 8.4%. The median loan made in this city is 49 months in length. The mean origination for the loans is 1.4 percent. Lenders offer on average a 76% LTV on hard money loans in Brookings.
Loan Example 1
Velma decides to buy an investment property in Brookings, SD for $390,000 using a hard money loan from Rising Sun Finance. Velma and Rising Sun Finance contract to a 80% loan to value (LTV) so they will loan 80% of the list price and Velma will be responsible for the remaining 20%. Additionally, they stipulate a 2 year, interest-only note at a 13% interest rate, with a 5% origination fee paid at closing. According to the parameters of the loan, Velma's interest payments will be $3,380 per month. She will also be required to pay $78,000 in cash to the closing along with the $15,600 origination fee. When the loan expires, she will have to return the $312,000 principle in a balloon payment.
Loan Example 2
Maryann wants to acquire an investment property in Brookings, SD for $230,000 using a hard money loan from All State Investment Group. The lender decides to loan Maryann 60% of the purchase price of the house (LTV), so she will have to put down the remaining 40%. The additional parameters of the loan are as follows: 1) a 4 year, interest only note, 2) a 8% interest rate, and 3) a 5 point origination fee paid at closing. Maryann will have to fund $92,000 of her own cash upon the close of the loan (due to the 60% LTV) in addition to the $6,900 in origination fees (5% x the $138,000 principle), plus she will also start paying $920 per month after the loan 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
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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