North Dakota Refinance / Cash Out Loans
There are 8 results for hard money refinance lenders in North Dakota. Note amounts average approximately $422,025. The average interest rate for private loans in North Dakota is 10.2%. The typical length offered for notes is 45 months. The mean origination fee for the loans is 3.5 percent. 73% is the median loan-to-value offered for for loans in North Dakota.
Loan Example 1
Myrtle owns a a retail space she uses for her business operations in Bismarck, ND. She makes a deal with her partner to purchase their share of the partnership but she does not have the fund to do so. To make the transaction move forward, she takes money from the equity she has in her property through a hard money cash-out refinancing from North Side Lending Group. After estimating the property to be worth around $2,600,000, the lender contracts to a 55% loan to value (LTV) for the loan. Additionally, they stipulate a 9% rate of interest, a 1 year note term, and they will collect an origination fee of 4 percent at the close. Interest only payments are to be made monthly with the loan principle repaid when the loan expires. Myrtle will receive $1,372,800 in cash from North Side Lending Group when the deal closes ($2,600,000 market value x 55% LTV - $57,200 in origination fees). She will then begin making payments each month in the amount of $10,725 for the 1 year duration of the loan. She will then make a final payment of $1,430,000 to retire the debt.
Loan Example 2
Gene owns and operates a business in Bismarck, ND. He runs his operations from a warehouse that he owns in full. He makes a deal with his business partner to buy out their ownership of the partnership but he does not have the personal cash to do so. To make the transaction happen, he takes cash from the equity he has in his building through a private money cash-out refi loan through J & T Investment Corporation. The lender carries out a valuation analysis and deems the real estate to be valued at $1,300,000. They will loan Gene 60% of the estimated market value (the LTV). The lender will deduct 4 origination points at closing and will then collect interest only payments at 14% for 1 years. The principle is to be paid off in a single balloon sum when the loan matures. Gene will receive $748,800 in cash from J & T Investment Corporation when the deal closes ($1,300,000 estimated value x 60% LTV - $31,200 in origination charges). He will then make payments each month of $9,100 for the 1 year duration of the loan. He will also make a final payment of $780,000 to retire the debt.
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing in Commercial loans, Adaptive Re-use & Construction lines of credit nationwide!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $500k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
Global Capital Partners Fund
555 Fifth Avenue, Suite 302
New York, NY 10017
Global Capital Partners Fund is a Direct Bridge & Hard Money Lender with over 30 years of experience. Specializing nationwide in commercial loans, adaptive re-use, construction lines of credit, ground up construction, fix & flip, & more!
A diverse portfolio ...
5230 Las Virgenes Rd, Suite 105
Calabasas, CA 91302
Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $7.1 Billion life-to-date in total loan volume to real estate investors. ...
Patch of Land
15000 Ventura Blvd Ste 202
Sherman Oaks, CA 91403
Patch of Land is an asset-based lender based in Los Angeles, CA offering funding all throughout the US. They offer short term bridge loans, private commercial loans, long term rental property loans, refinancing, and fix and flip loans. They offer ...
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 ...
5300 W Atlantic Ave,, Suite 205
Delray Beach, FL 33448
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 ...
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 ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...