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Hard Money Loans in Stockholm, South Dakota
There are 13 search results for private money lenders in Stockholm, SD. The average loan amount is $526,250. The average rate for private loans in Stockholm is 10.0%. 47 months is the average length for loans made in the city. A typical hard money loan offered in the city includes a 2.3 point origination cost. 73% is the mean LTV offered for for loans in Stockholm.
Loan Example 1
Kristen takes a hard money loan from Prosperity Lending Corporation in order to renovate a house to flip in Stockholm, SD. The sales price of the house is $220,000. The terms of the deal include a 60% loan to value (LTV), so she must contribute 40% of the price as cash at closing, which makes the principle loan amount $132,000. The interest rate on the note is 9% for a length of 6 months and the lender requires a three point origination fee at closing. The interest is to be paid monthly and the principle will be paid back after the sale of the property.
The borrower must contribute a total of $32,400 upon closing to pay the $88,000 down payment in addition to the $3,960 origination fee. she will then pay $990 per month to Prosperity Lending Corporation. If Kristen sells the house for $286,000 after 6 months, she would earn a total profit of $56,100 after deducting the principle amount of $132,000, the funds contributed at the close of $88,000, the origination fee of $3,960, and the aggregate interest payments of $5,940. This gross profit doesn't account for building costs.
Loan Example 2
Christina locates a property in Stockholm, SD to rehab and resell. Because she does not have enough cash to buy the property outright, she takes a hard money loan from USA Finance Company with the following parameters:
$260,000 sales price
80% loan to value (LTV)
18 month term
10% interest rate
1% origination fee
Once the renovation project is complete, if Christina sells the property for $325,000, the final numbers would be the following:
$325,000 sales price
- $208,000 loan principle (80% LTV)
- $52,000 cash paid at closing (20% on 80% LTV)
- $2,080 origination points (1% of the $208,000 principle amount)
- $31,200 interest payments (18 months x 10% interest)
-----------------------
= $31,720 gross profit (doesn't include taxes or renovation costs)
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CMN Funding
1510 Central Ave, Suite 380
Albany, NY 12205
Headquartered in Albany, NY, CMN Funding is a hard money lender providing loans all across the US. Their lending focus is primarily on private commercial real estate loans. They issue loan amounts starting at $100,000 with no maximum. They will ...
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 ...
Dominion Financial
32 S Street
Baltimore, MD 21202
Dominion Financial Services is a private lender serving professional single-family real estate investors. We offer fix & flip loans, 30-yr fixed-rate rental loans, new construction financing, and multifamily bridge loans. We currently lend in all 50 states and Washington D.C ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...
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. ...
Rapid Commercial Loans
6136 Frisco Square suite 433
Frisco, TX 75034
Rapid Commercial Loans are private money lenders actively originating Private loans for commercial properties nationwide. With traditional lenders tightening up on their lending criteria, private money loans for commercial properties are becoming the most efficient loan product for many borrowers ...
Figure.com
650 California Street, Suite 2700
San Francisco, CA 94108
At Figure, we're transforming home equity by creating a faster, simpler and more transparent way to meet your financial goals. Learn how to use the equity in your home to consolidate debt, pay for home improvement, or fund your goals. ...
National Advance Group
1 Linden Place
Great Neck, NY 11021
Based in Great Neck, NY, National Advance Group is an asset-based lender providing loans in 50 states across the United States. They offer lending solutions for a variety of scenarios, including commercial hard money loans and fix-and-flip hard money ...
AMUSA Commercial Capital
301 Commerce Street Ste. 1420
Fort Worth, TX 76102
AMUSA Commercial Capital is a Dallas, TX based private money lender. They provide funding throughout the country. Their lending focus is mainly on non-bankable commercial real estate loans and Investment 1 to 4 loans. Their loan guidelines are flexible, including ...
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. ...
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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