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Investment Property Loans in Renner, South Dakota
Renner, SD has 12 investment property private money lenders in the city. Note amounts average approximately $560,417. Rates for private loans average 12.3%. 57 months is the median term for loans issued in this city. The mean points added to the loans is 4.0%. The median loan-to-value offered for loans in Renner is 71%.
Loan Example 1
Sharon wants to buy an investment property in Renner, SD that costs $360,000. Since she doesn't have enough cash for the purchase and is not able to get a bank loan, she gets a private money loan from Suburban Finance Company. The lender agrees to loan Sharon 80% of the value of the property (LTV), so she will need to put down the other 20%. Additionally, they stipulate a 3 year, interest only note at a 10% rate of interest, with a 4 point origination fee charged at closing. According to the parameters of the loan, Sharon's payments will be $2,400 monthly. Additionally, she will need to pay $72,000 in cash to the close plus the $11,520 origination fee. When the note expires, she will have to pay back the $288,000 loan principle in a single balloon payment.
Loan Example 2
Brown Investment Group makes a private money loan to Guy, a local investor in Renner, SD who has decided to acquire a $370,000 investment property. The lender decides to loan Guy 65% of the purchase price of the house (LTV), so he will need to fund the other 35%. The additional guidelines of the deal are as follows: 1) a 2 year, interest-only note, 2) a 8% rate of interest, and 3) 2 origination points paid at closing. By this scenario, Guy will need to fund $129,500 of his own cash in the deal along with the $4,810 origination fee (2% x $240,500 principle amount). He will then need to pay $1,603 per month in interest.
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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