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Investment Property Loans in Pierre, South Dakota
Pierre, SD has 12 investment property hard money lenders offering loans in the city. The average loan amount in the city is $541,072. Rates for loans average 10.5%. The mean loan made in the city is 78 months in length. A typical loan made in the city includes a 3.4 percent origination charge. Lenders offer on average a 71% loan-to-value (LTV) on deals in Pierre.
Loan Example 1
Victory Funding Corporation issues a private money loan to Byron, a local real estate investor in Pierre, SD who has decided to buy a $340,000 rental property. Byron and Victory Funding Corporation agree to a 85% loan-to-value (LTV) so they will loan 85% of the list price and Byron will have to come up with the remaining 15%. In accordance with the parameters of the loan, the note will be for 5 years at a 11% rate of interest. A 5% origination fee will be paid at the closing and Byron will make interest-only payments with a balloon payment of the loan principle paid at the end of the deal. Based on the terms of the loan, Byron's payments will be $2,649 on a monthly basis. He will also need to pay $51,000 in cash to the closing plus the $14,450 origination fee. Upon expiration of the loan, he will have to pay back the $289,000 loan principle in a balloon payment.
Loan Example 2
Mountain Rock Finance issues a hard money loan to Alfredo, a local investor in Pierre, SD who has decided to acquire a $340,000 investment property. The lender loans Alfredo 60% of the sales price of the property (LTV), so he will be required to pay the other 40%. By the parameters of the deal, the note will be for 5 years at a 12% rate of interest. An origination fee of 3% will be paid at closing and Alfredo will make interest only payments with a balloon payment for the principle due when the loan expires. Alfredo will be required to pay $136,000 of his own money upon the close of the loan (due to the 60% LTV) in addition to the $6,120 in origination points (3% x the $204,000 principle), plus he will also start paying $2,040 monthly once the loan is closed.
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 ...
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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