Based in Delray Beach, Gelt Financial since 1989 is a private money lender offering commercial non bank mortgages national. We offer loans for many different situations and needs, including rental property loans, private commercial loans, fix-and-flip hard money loans, hard ...
Bridge Loans in Mitchell, South Dakota
Mitchell, SD has 13 bridge lenders serving the city. The mean amount loaned in this city is $422,143. The mean interest rate for hard money loans in Mitchell is 11.3%. The typical term for loans is 18 months. A typical hard money loan made in this city carries a 3.2 percent origination fee. The typical LTV for loans in Mitchell is 68%.
Loan Example 1
Keith finds a duplex in Mitchell, SD to rehab and sell. Since he does not have enough cash to purchase the $230,000 house outright, he decides to take out a hard money bridge loan from Blue Door Lending Corporation. As the lender sets a 60% loan to value, Keith will have to put 40% down so the principle amount of the note will be $138,000. The deal also has these features: 1) a 12 month term, 2) a 13% interest-only note, and 3) a five point origination charge.
Accordingly, Keith will need to contribute a $92,000 down payment in addition to paying a $6,900 origination fee. he must then pay $1,495 per month to Blue Door Lending Corporation. If Keith sells the house for $345,000 after 12 months, he would then realize a total profit of $90,160 after deducting the original principle of $138,000, the money contributed at closing of $92,000, the origination points of $6,900, and the aggregate interest payments of $17,940. This profit does not account for rehab costs.
Loan Example 2
Marcia is a real estate investor in Mitchell, SD. She buys a run-down property for a remodeling project and takes out a bridge loan from Yellow Sun Finance Corporation with the following features:
a) A $180,000 purchase price, b) a 75% loan-to-value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 1% origination fee.
Marcia plans to list the house at the end of the term for $261,000. If she succeeds, the deal numbers would be the following:
$261,000 sales price
- $135,000 principle on note (75% LTV)
- $45,000 down payment (25% on 75% LTV)
- $1,350 origination fee (1% of the $135,000 principle amount)
- $8,775 interest payments (6 months x 13% interest)
= $70,875 total profit (doesn't include taxes or renovation costs)
Global Capital Partners
274 Madison Avenue, Suite 901
New York, NY 10016
A diverse portfolio of lending services, an experienced in-house underwriting staff, and theability to tailor financing options to a client's individual needs have made Global CapitalPartners a household name in New York's commercial lending industry. Global Capital Partnershas long provided ...
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 ...
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 ...
Capital Funding Services
3250 NE 1st Ave, Suite 305
Miami, FL 33137
Capital Funding Services Corporation has funding partners nationwide to help Get the Funding You Need. Hard Money | Private Money: Commercial, Residential, and Land | Refi-Cash Out, Fixed Term Loans, Cash Advances, Short-Term Bridge Loans, Long-Term Loans, Fix n ...
100 Lanidex Plaza
Parsippany, NJ 07054
Stratton Equities is the Nationwide leading hard money lender. We are passionate about helping small business owners, contractors, and Real Estate investors, swiftly and efficiently finance their investment goals. We customize our hard money loan programs for each unique project ...
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 ...
2150 Coral Way | Suite 1A
Miami, FL 33145
Gokapital Mortgage is a Miami, FL based private lender who provides funding all throughout the US. They provide lending solutions for a variety of situations, including loans for rental properties, cash out hard money loans, fix-and-flip loans, hard money ...
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. ...
936 Southwood Blvd
Incline Village, NV 89451
Based in Incline Village, NV, Allrise is a private lender offering loans all across the US. They provide private commercial loans, short term loans, and fix and flip loans. They offer terms between 6 months and ...
Asset-Backed Lending Partners
3390 Auto Mall Drive
Westlake Village, CA 91362
Headquartered in Westlake Village, CA, Asset-Backed Lending Partners is an asset-based lender offering loans all across the US. They offer private commercial loans and hard money bridge loans. Their lending parameters are flexible, including loan amounts ranging ...
We Lend Money is an asset-based lender offering funding all throughout the US. They provide lending solutions for a variety of situations, including private commercial loans, long term rental property loans, fix-and-flip loans, hard money construction loans, and ...
Private Capital Investors
2101 Cedar Springs Road, Suite 1050
Dallas, TX 75201
Private Capital Investors is private lender based in Dallas, TX. They offer funding across the US. They provide short term loans and commercial hard money loans. They issue loan amounts up to $5,000,000. Their ...