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 ...
Commercial Hard Money Loans in Sioux Falls, South Dakota
Sioux Falls, SD has 15 commercial hard money lenders issuing loans in the city. Note amounts average around $860,715. Rates for private loans average about 11.8%. 22 months is the average term for loans made in the city. The average loan offered in this city carries a 7.9 percent origination cost. Lenders in Sioux Falls average a 73% loan-to-value on their deals.
Loan Example 1
Dorothea is a small business owner in Sioux Falls, SD. She decides to acquire a new retail space for her business but she isn't able to secure a conventional mortgage loan from her bank due to her low credit rating. She looks to Suburban Funding Group for a commercial private money loan in order to fund the transaction. The building costs $570,000. Based on a 55% loan to value (LTV) agreed to by the lender, the principle is $313,500. The remaining $256,500 will be be paid by Dorothea. The loan also dictates a 2 year length, a 12% rate of interest, interest only payments made monthly with a balloon payment when the note expires (with no pre-payment penalty), and a 5 point origination fee. In accordance with the specifications of the loan, Dorothea will pay an origination fee of $15,675 when the loan is executed. She will also start to make payments of $3,135 / month throughout the duration of the loan and will re-pay the principle at the expiration of the 2 year term. If she decides to pay off the loan before, she may do so without an additional expense since there isn't a pre-payment penalty stipulated by the deal.
Loan Example 2
ABC Investment Corporation issues a hard money loan to Manuel for the acquisition of a new commercial building after he is denied a standard loan by his local bank due to a low credit rating. The lender contracts to a 60% loan-to-value (LTV) on the deal and the property is listed for $960,000, so they will contribute $576,000 and Manuel will pay the remaining $384,000. The terms of the loan include a 4 year length, a 14% rate of interest, and a 3 origination fee to be paid by Manuel when the transaction closes. Manuel can eliminate the loan at any point in time if he pays off the $576,000 of principle, however, he will be required to pay $6,720 per month interest payments ($576,000 principle amount x 14% interest / 12 months in a year) in the meantime, or until the loan expires. Since there is not a pre-payment penalty, the only other cost he will have is the $17,280 origination fee which he will pay at the close.
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 ...
Rapid Commercial Loans
8855 Preston Trace Blvd, Suite 200
Frisco, TX 75033
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 ...
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 ...
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 make ...
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 ...
Blackburne and Sons Realty Capital
4811 Chippendale Drive, Suite 101
Sacramento, CA 95841
Blackburne and Sons Realty Capital is a Sacramento, CA based private lender providing loans across the country. Their focus is mainly on commercial loans. They issue terms up to 15 years, loan amounts ranging from $100,000 ...
5 Arch Funding
19800 MacArthur Blvd #1150
Irvine, CA 92612
Based in Irvine, CA, 5 Arch Funding is a hard money lender providing loans across the United States. They provide loans for a variety of situations and needs, including loans for investments properties, fix-and-flip loans, and commercial loans. ...
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 ...
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 ...
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 ...
Creative Hard Money LLC
508 Whitehorse Mercerville Rd
Hamilton, NJ 08610
Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States. They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...
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 ...
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. ...