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Investment Property Loans in Canova, South Dakota
We found 12 search results for investment property hard money lenders operating in Canova, SD. The median amount for loans is $505,357. Interest rates for hard money loans average 11.1%. The typical note issued in the city is 33 months in length. The average points added to loans is 2.2%. 76% is the typical loan-to-value (LTV) for offered by lenders in Canova.
Loan Example 1
Elsa wants to buy an investment property in Canova, SD that costs $370,000. Because she doesn't have enough cash for the acquisition and can't obtain a bank loan, she obtains a hard money loan from Suburban Finance Corporation. Since there is a 70% loan-to-value (LTV) contracted to by the two parties, Elsa will be required to put down the remaining 30% with her own money. The deal also lays out a 5 year term with interest-only payments at 12%, and a 4 point origination fee. Given this deal, Elsa will will be required to make the following payments: 1) $111,000 down upon closing (due to the 70% LTV), 2) $10,360 in origination points (4% x the $259,000 loan principle), and 3) $2,590 per month in interest payments.
Loan Example 2
P & J Finance Company issues a private loan to Ladonna, a local investor in Canova, SD who wishes to acquire a $360,000 investment property. Ladonna and P & J Finance Company contract to a 80% loan to value (LTV) so they will fund 80% of the value and Ladonna will have to pay the other 20%. The additional parameters of the loan are as follows: 1) a 4 year, interest-only note, 2) a 13% interest rate, and 3) a 3 point origination fee charged at closing. According to the terms of the deal, Ladonna's payments will be $3,120 on a monthly basis. Additionally, she will need to contribute $72,000 in cash to the close in addition to the $8,640 origination fee. Upon expiration of the note, she will have to return the $288,000 principle in a balloon payment.
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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