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Investment Property Loans in Sioux Falls, South Dakota
Sioux Falls, SD has 12 investment property lenders issuing loans in the city. Loan amounts average around $629,167. Rates on loans made to Sioux Falls investors average around 11.9%. 51 months is the median length for notes issued in the city. The mean origination percentage charged on the loans is 3.2%. 73% is the average loan-to-value offered for offered by lenders in Sioux Falls.
Loan Example 1
Mario decides to buy a rental house in Sioux Falls, SD for $150,000 using a private money loan from Rehabbers Lending Group. The lender agrees to loan Mario 60% of the purchase price of the house (LTV), so he will have to put down the other 40%. The additional terms of the deal are as follows: 1) a 2 year, interest-only loan, 2) a 11% interest rate, and 3) 2 origination points paid at the closing. Given this deal, Mario will need to make these payments: 1) $60,000 down payment when the deal closes (due to the 60% LTV), 2) $1,800 in origination points (2% x the $90,000 loan principle), and 3) $825 per month in interest payments.
Loan Example 2
Kristie decides to acquire a rental property in Sioux Falls, SD which is listed for $240,000. Since she is short on cash for the transaction and cannot obtain a loan from a bank, she obtains a private money loan from K & M Lending. The lender agrees to loan Kristie 50% of the value of the house (LTV), so she will have to fund the other 50%. Additionally, they agree to a 2 year, interest-only loan at a 14% rate of interest, with a 1 point origination fee paid when the deal closes. Given this deal, Kristie will need to make the following payments: 1) $120,000 down payment when the loan closes (due to the 50% LTV), 2) a $1,200 origination fee (1% x the $120,000 principle), and 3) $1,400 monthly 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, ...
"WE LEND YOU GROW" Xpress Loans 911 believes that your business should have ready access to working capital, just like big corporations do. So, we pair you with funders that focus on working with small and mid-sized businesses and are ...
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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