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New Construction Loans in Yankton, South Dakota
A total of 15 records for construction hard money lenders were found in Yankton, SD. The average note made is about $479,167. The average rate for loans in Yankton is 10.0%. The average loan issued in the city has a term of 21 months. The average note includes a 2.4 percent origination charge. 76% is the mean loan to value offered for for loans in Yankton.
Loan Example 1
Debora wants to acquire a lot in Yankton, SD to build a new home in order to sell it for a profit. The plot is available for $190,000 and Debora estimates the building costs for the house will be about $250,000. Acme Finance will fund the project at a 85% loan to value (LTV) with a 8%, 6 month construction loan with 2 origination points to be paid when the transaction closes. Building costs will be paid in multiple draws and there are no pre-payment penalties. By the specifications of this note, Debora will be required to fund $66,000 plus $7,480 in origination costs at the closing, then will begin making $2,493 per month payments. At the end of the loan, Debora re-sells the house for $550,000. This will earn Debora a $87,560 net profit after paying back all expenses of the deal ($374,000 principle, $66,000 cash down, $7,480 origination fee, and $14,960 for 6 months of interest payments).
Loan Example 2
Melba is a home builder in Yankton, SD. She wants to buy a land plot to build a new single family home. To fund the deal, she takes a new construction loan from Number One Investment Corporation with the following specifications:
- $220,000 purchase price for the vacant plot
- $400,000 in construction costs
- 80% loan-to-value (LTV)
- 18 month length
- 11% interest rate
- 3% origination charge
If Melba achieves her goal of a $800,000 sale, the final numbers of the project will be the following:
$800,000 sales price
- $496,000 principle on note (80% LTV)
- $124,000 cash paid at closing (20% on 80% LTV)
- $14,880 origination points (3% of the $496,000 principle amount)
- $81,840 total interest paid (18 months x 11% interest)
-----------------------
= $83,280 net profit
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
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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Kiavi
2 Allegheny Center, Nova Tower 2, Suite 200
Pittsburgh, PA 15212
With more than $21B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way ...
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 ...
Center Street Lending
18201 Von Karman, Suite 400
Irvine, CA 92612
Center Street Lending is a private lender headquartered in Irvine, CA offering loans throughout the country. We provide hard money loans for business purpose and non-owner occupied residential properties. Fix and flip, buy and hold, rental property loans, bridge and ...
American Land and Capital
16233 Kenyon Avenue, Suite 120
Lakeville, MN 55044
American Land and Capital is a Lakeville, MN based hard money lender. They offer loans in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa, and Nebraska. They offer builder loans and fix and flip loans. ...
Flip N Fast Loans
4445 Corporation Ln Suite 264
Virginia Beach, VA 23462
We lend to all different kinds of real estate investors, whether you are an expert or a novice. We provide funding for building from the ground up, fix-and-flip projects, and a range of single- and multi-family rental loans. Start your ...
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 ...
Navigator Private Capital
1910 Towne Centre Blvd. Suite 250
Annapolis, MD 21401
Offering a better alternative to hard money, Navigator Private Capital, LLC (NavCap) has reimagined private real estate lending--making it accessible to real estate investors at all experience levels. As private money lenders, we fund short- and long-term low-risk development projects ...
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 ...
Primeau Funding
10575 N. 114th St. Suite 103
Scottsale, AZ 85259
Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States. They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans. They ...
Edward Voccola & Co
75 Arlington Street, Suite 500
Boston, MA 02116
Edward Voccola & Co is hard money lender based in Boston, MA. They provide funding all throughout the US. They provide lending solutions for a variety of scenarios, including builder loans, hard money bridge loans, and ...
Finance of America Commercial
4201 Congress Street, Suite 475
Charlotte, NC 28209
Based in Charlotte, NC, Finance of America Commercial is a private money lender providing funding all throughout the United States. They offer lending solutions for a variety of situations and needs, including refinancing, hard money bridge loans, fix and ...
11 Capital Finance
20 West Vine Street #575
Lansdale, PA 19446
Based in Lansdale, PA, 11 Capital Finance is a hard money lender offering funding throughout the United States. They provide hard money construction loans, cash out hard money loans, commercial hard money loans, and bridge loans. ...
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