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Investment Property Loans in Rapid City, South Dakota
A total of 12 records for investment property hard money lenders were found in Rapid City, SD. In this city, the average amount loaned is $407,188. Interest rates for hard money loans average about 9.8%. 26 months is the average term for loans issued in the city. The mean points applied to the loans is 2.8%. The typical loan to value for loans in Rapid City is 71%.
Loan Example 1
Corrine decides to acquire a rental house in Rapid City, SD for $160,000 with a private money loan from Investors Funding Group. The lender loans Corrine 65% of the list price of the investment property (LTV), so she will have to put down the other 35%. The deal also lays out a 1 year term with interest-only payments at 9%, and an origination fee of 3%. Given this deal, Corrine will make these payments: 1) $56,000 down payment upon closing (based on the 65% LTV), 2) a $3,120 origination fee (3% x the $104,000 principle), and 3) $780 monthly in interest payments.
Loan Example 2
Laverne is an investor in Rapid City, SD. She discovers a rental property to purchase for $210,000 but she doesn't have enough cash so she gets a private money loan from Victory Finance Corporation. Based on a 55% loan to value (LTV) contracted to by the borrower and lender, Laverne will need to pay the other 45% with her own cash. The additional terms of the deal are as follows: 1) a 5 year, interest only loan, 2) a 10% interest rate, and 3) a 4% origination fee paid at closing. According to this scenario, Laverne will need to put $94,500 of her own money in the deal in addition to the $4,620 origination fee (4% x $115,500 principle loan). She will also need to make interest payments of $963 per month.
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 ...
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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