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Investment Property Loans in Dell Rapids, South Dakota
Dell Rapids, SD has 12 investment property hard money lenders in the city. The average amount loaned is $515,000. The average interest rate for loans in Dell Rapids is 8.5%. 104 months is the average term for loans issued in this city. The mean origination fee charged on loans is 1.3%. Lenders in Dell Rapids average a 81% loan-to-value on their loans.
Loan Example 1
Lorena is a real estate investor in Dell Rapids, SD. She discovers a rental property she wants to acquire for $310,000 but she does not have enough cash so she gets a private money loan from Affluent Investment Corporation. Since there is a 70% loan to value (LTV) agreed to by the lender and borrower, Lorena will have to fund the remaining 30% with her own money. Additionally, they agree to a 3 year, interest only loan at a 14% rate of interest, with 3 origination points charged at closing. According to the terms of the loan, Lorena's payments will be $2,532 on a monthly basis. Additionally, she will have to pay $93,000 in cash at closing along with the $6,510 origination fee. When the loan expires, she will have to pay back the $217,000 loan principle in a balloon payment.
Loan Example 2
Laverne decides to acquire an investment property in Dell Rapids, SD for $280,000 with a hard money loan from Sunrise Lending. Since there is a 85% loan to value (LTV) contracted to by the borrower and lender, Laverne will need to fund the remaining 15% in cash. They also stipulate a 2 year, interest only note at a 10% interest rate, with a 4 point origination fee paid at the closing. Laverne will be required to pay $42,000 of her own money upon the close of the deal (due to the 85% LTV) in addition to the $9,520 in origination points (4% x the $238,000 loan principle), plus she will then start making payments of $1,983 monthly after 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 ...
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