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Investment Property Loans in Colton, South Dakota
Colton, SD has 12 investment property private money lenders offering loans within the city. In this city, the average loan amount is $356,786. Rates on hard money loans issued to Colton borrowers average around 9.6%. 112 months is the average term for notes issued in the city. The average loan issued in this city carries a 2.9 percent origination charge. Lenders offer on average a 81% loan-to-value (LTV) on loans in Colton.
Loan Example 1
Kathleen decides to acquire a rental property in Colton, SD for $170,000 using a private loan from Fortune Finance. The lender agrees to loan Kathleen 80% of the sales price of the house (LTV), so she will be required to put down the other 20%. The additional terms of the deal are the following: 1) a 2 year, interest-only loan, 2) a 13% rate of interest, and 3) 2 origination points paid at the closing. Kathleen will need to pay $34,000 of her own money at the close of the loan (based on the 80% LTV) in addition to the $2,720 in origination fees (2% x the $136,000 loan principle), plus she will also begin making payments of $1,473 per month when the deal is closed.
Loan Example 2
Karen wants to acquire a rental house in Colton, SD that is listed for $390,000. Because she is short on funds for the acquisition and can't get a traditional bank loan, she takes out a hard money loan from Uptown Funding Company. Since there is a 75% loan to value (LTV) agreed to by the lender and borrower, Karen will be required to fund the remaining 25% with her own money. The loan additionally specifies a 3 year note with interest only payments at 10%, and an origination fee of 5%. Karen will need to fund $97,500 of her own cash upon the close of the deal (based on the 75% LTV) along with the $14,625 origination fee (5% x $292,500 principle), plus she will then begin making payments of $2,438 monthly once the loan 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
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 ...
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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