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Investment Property Loans in Ferney, South Dakota
There are 12 investment property hard money lenders operating in Ferney, SD. The average note made to borrowers is around $521,563. Interest rates for hard money loans average about 9.3%. The typical term for notes is 75 months. The mean note includes a 4.0 percent origination cost. Lenders in Ferney average a 77% loan-to-value (LTV) on their loans.
Loan Example 1
Jacob wants to purchase a rental house in Ferney, SD that is listed for $180,000. Since he doesn't have enough funds for the sale and is not able to secure a loan from a bank, he gets a hard money loan from Johnson Finance. The lender agrees to loan Jacob 65% of the sales price of the property (LTV), so he will be required to put down the remaining 35%. The other guidelines of the loan are the following: 1) a 2 year, interest only loan, 2) a 13% interest rate, and 3) 4 origination points charged at closing. Jacob will have to pay $63,000 of his own cash upon the close of the deal (due to the 65% LTV) along with the $4,680 in origination points (4% x the $117,000 loan principle), and he will also start paying $1,268 per month once the loan is closed.
Loan Example 2
Karl is an investor in Ferney, SD. He discovers an investment property he wants to acquire for $210,000 but he doesn't have enough cash so he gets a private money loan from North End Investment Company. The lender loans Karl 70% of the purchase price of the investment property (LTV), so he will have to pay the other 30%. According to the parameters of the deal, the note will be for 1 years at 14% interest. An origination fee of 4% will be paid at closing and Karl will make interest only payments with a balloon payment for the principle paid at the end of the deal. According to the parameters of the deal, Karl's interest payments will be $1,715 on a monthly basis. Also, he will have to bring $63,000 in cash to closing along with the $5,880 origination fee. Upon expiration of the loan, he will have to return the $147,000 loan principle in a single 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 ...
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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