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Investment Property Loans in Vermillion, South Dakota
There are 12 records for investment property hard money lenders offering loans in Vermillion, SD. The median loan issued is around $371,786. The median rate for private loans in Vermillion is 9.4%. 33 months is the median term for loans offered in the city. The mean origination fee charged for the loans is 2.5%. 75% is the mean loan to value (LTV) for for loans in Vermillion.
Loan Example 1
Rafael decides to buy an investment property in Vermillion, SD that is listed for $260,000. Since he is short on funds for the transaction and can't obtain a bank loan, he takes out a hard money loan from Oak Hill Finance Corporation. Rafael and Oak Hill Finance Corporation contract to a 80% loan-to-value (LTV) so they will contribute 80% of the purchase price and Rafael will be responsible for the remaining 20%. According to the parameters of the deal, the note will be for 3 years at 13% interest. A 4 point origination fee will need to be paid at the closing and Rafael will make interest-only payments with a balloon payment of the loan principle paid at the end of the deal. According to this deal, Rafael will be required to fund $52,000 of his own money in the deal along with the $8,320 origination fee (4% x $208,000 principle amount). He will then have to pay $2,253 per month in interest.
Loan Example 2
Polly decides to acquire a rental house in Vermillion, SD for $290,000 with a private loan from South Shore Finance Corporation. The lender agrees to loan Polly 75% of the value of the investment property (LTV), so she will need to fund the remaining 25%. In addition, they agree to a 2 year, interest only loan at a 9% interest rate, with 2 origination points charged at closing. Polly will be required to pay $72,500 of her own cash upon the close of the deal (due to the 75% LTV) along with the $4,350 in origination points (2% x $217,500 principle), and she will then begin making payments of $1,631 monthly when the loan is executed.
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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