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Investment Property Loans in Colman, South Dakota
There are 12 records for investment property hard money lenders in Colman, SD. The mean loan made to borrowers is approximately $320,500. Interest rates on private loans issued to Colman borrowers average around 11.6%. The median loan issued in the city has a term of 62 months. The average points charged for loans is 3.8%. 64% is the mean loan to value (LTV) offered for offered by lenders in Colman.
Loan Example 1
Flippers Lending Group makes a private money loan to Marvin, a local investor in Colman, SD who wishes to acquire a $400,000 rental property. Since there is a 50% loan to value (LTV) agreed to by the two parties, Marvin will have to fund the remaining 50% with his own money. In accordance with the parameters of the loan, the note will be for 2 years at 12% interest. An origination fee of 4 points will need to be paid when the deal closes and Marvin will have to make interest-only payments with a balloon payment for the principle due when the note expires. Marvin will need to fund $200,000 of his own money at the close of the deal (due to the 50% LTV) along with the $8,000 origination fee (4% x $200,000 principle), and he will also begin paying $2,000 monthly once the deal is closed.
Loan Example 2
Warren wants to buy a rental property in Colman, SD for $300,000 with a private loan from Capable Funding Corporation. Warren and Capable Funding Corporation agree to a 75% loan to value (LTV) so they will loan 75% of the value and Warren will be responsible for the other 25%. The loan additionally lays out a 4 year term with interest-only payments at 9%, and an origination fee of 1 points. Based on the terms of the loan, Warren's payments will be $1,688 monthly. Also, he will be required to contribute $75,000 in cash at closing along with the $2,250 origination fee. When the loan expires, he will be responsible for repaying the $225,000 principle in a 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 ...
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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