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Investment Property Loans in Egan, South Dakota
Egan, SD has 12 investment property private money lenders operating in the city. The mean amount for loans is $640,278. The mean rate for private loans in Egan is 10.9%. The typical length for loans is 37 months. The mean loan includes a 2.5 point origination fee. The mean loan to value for loans in Egan is 65%.
Loan Example 1
Kevin is a real estate investor in Egan, SD. He discovers a rental house he wants to purchase for $280,000 but he is short on funds so he takes out a private money loan from Investors Lending Group. Kevin and Investors Lending Group agree to a 55% loan-to-value (LTV) so they will loan 55% of the sales price and Kevin will have to pay the other 45%. They also stipulate a 1 year, interest-only note at a 10% interest rate, with a 5 point origination fee paid at closing. According to this scenario, Kevin will be required to fund $126,000 of his own cash into the deal in addition to the $7,700 origination fee (5% x $154,000 principle amount). He will then have to make interest payments of $1,283 per month.
Loan Example 2
Tameka wants to buy a rental house in Egan, SD for $330,000 using a hard money loan from East Side Investment Company. Tameka and East Side Investment Company contract to a 65% loan-to-value (LTV) so they will loan 65% of the value and Tameka will have to bring the remaining 35%. The additional guidelines of the deal are the following: 1) a 4 year, interest only loan, 2) a 9% rate of interest, and 3) 2 origination points paid at closing. By this scenario, Tameka will make these payments: 1) $115,500 down payment when the loan closes (due to the 65% LTV), 2) a $4,290 origination fee (2% x $214,500 principle), and 3) $1,609 per month in interest payments.
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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