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Investment Property Loans in Spearfish, South Dakota
We found 12 records for investment property private money lenders operating in Spearfish, SD. Note amounts average approximately $612,857. Rates for loans average 10.7%. The typical loan made in the city is 27 months in length. The mean origination fee charged for the loans is 2.8%. Lenders in Spearfish average a 72% LTV on their deals.
Loan Example 1
Phillip decides to buy a rental house in Spearfish, SD which costs $240,000. Since he doesn't have enough cash for the transaction and can't secure a traditional bank loan, he takes out a hard money loan from J & T Investment Company. Phillip and J & T Investment Company contract to a 85% loan-to-value (LTV) so they will loan 85% of the purchase price and Phillip will have to bring the other 15%. The loan also lays out a 5 year term with interest only payments at 8%, and an origination fee of 2 points. Given this scenario, Phillip will have to make the following payments: 1) $36,000 down payment when the deal closes (due to the 85% LTV), 2) $4,080 in origination fees (2% x $204,000 principle), and 3) $1,360 per month in interest payments.
Loan Example 2
Marcus is a real estate investor in Spearfish, SD. He discovers a rental house he wants to acquire for $360,000 but he does not have enough cash so he takes out a private money loan from River View Finance Corporation. The lender agrees to loan Marcus 70% of the value of the property (LTV), so he will be required to pay the remaining 30%. In addition, they stipulate a 1 year, interest only loan at a 11% rate of interest, with a 1% origination fee paid when the deal closes. Based on the parameters of the deal, Marcus's interest payments will be $2,310 monthly. He will also be required to contribute $108,000 in cash to the close along with the $2,520 origination fee. When the note expires, he will be responsible for repaying the $252,000 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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