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Investment Property Loans in Oldham, South Dakota
Oldham, SD has 12 investment property lenders serving the city. The median loan made to borrowers is around $425,357. The median rate for hard money loans in Oldham is 9.1%. 78 months is the median length for notes issued in the city. The average origination percentage applied to loans is 2.5%. The mean loan to value (LTV) for loans in Oldham is 78%.
Loan Example 1
Angelina wants to buy a rental house in Oldham, SD which is listed for $390,000. Since she is short on funds for the acquisition and can't obtain a traditional bank loan, she gets a private money loan from West End Finance. Based on a 85% loan to value (LTV) agreed to by the two parties, Angelina will have to pay the remaining 15% in cash. The other parameters of the deal are the following: 1) a 5 year, interest only loan, 2) a 11% rate of interest, and 3) a 5 point origination fee charged at closing. Given this scenario, Angelina will be required to put $58,500 of her own cash into the deal in addition to the $16,575 origination fee (5% x $331,500 principle loan). She will also be required to make interest payments of $3,039 per month.
Loan Example 2
Number One Lending Corporation makes a private money loan to Tamara, a local real estate investor in Oldham, SD who wishes to buy a $290,000 investment property. Tamara and Number One Lending Corporation contract to a 55% loan to value (LTV) so they will contribute 55% of the purchase price and Tamara will be responsible for the remaining 45%. The other terms of the loan are as follows: 1) a 3 year, interest-only loan, 2) a 8% rate of interest, and 3) 1 origination points charged at closing. According to this deal, Tamara will make these payments: 1) $130,500 down at closing (based on the 55% LTV), 2) a $1,595 origination fee (1% x $159,500 principle), and 3) $1,063 per month 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
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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