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 ...
Fix and Flip Loans in Huron, South Dakota
A total of 15 results for fix and flip lenders were found in Huron, SD. Note amounts average around $426,250. The mean rate for private loans in Huron is 11.4%. The average length offered for notes is 38 months. The average note includes a 5.1 percent origination fee. 76% is the typical loan to value offered for offered by lenders in Huron.
Loan Example 1
Nellie is an investor in Huron, SD. She locates a run-down property and wants to renovate it and flip it for a profit. The house costs $230,000 but she does not have the full amount so she takes a fix and flip loan with Oak Hill Finance Corporation. As the lender sets a 80% loan to value, Nellie will need to put 20% down so the principle amount of the note will be $184,000. The note is interest-only, paid monthly, and is for 12 months at 8% interest with 1 origination points to be paid when the deal closes.
Nellie will have to contribute $46,000 to the closing (20% on the 80% loan to value), plus she will need to pay the $1,840 origination fee. The monthly interest-only payments will then total $1,227 to Oak Hill Finance Corporation. If Nellie meets her goal of a $276,000 total sales price when the loan expires, she would collect a total profit of $29,440 after re-paying the principle on the note and subtracting the cash she paid at closing, the origination fee, and the total interest payments.
Loan Example 2
Alvin locates a property in Huron, SD to rehab and resell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Ocean View Investments with the following parameters:
a) A $160,000 sales price, b) a 50% loan to value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 1% origination fee.
Based on a $200,000 sales price after the 18 month term, the outcome for this project would look like this:
$200,000 sales price
- $80,000 principle on note (50% LTV)
- $80,000 down payment (50% on 50% LTV)
- $800 origination points (1% of the $80,000 principle)
- $15,600 total interest paid (18 months x 13% interest)
= $23,600 gross 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 ...
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. ...
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 ...
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 ...
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. ...
AJTM Financial Group
1266 E. Main Street Suite 700R
Stamford, CT 06902
AJTM Financial Group is a Stamford, CT based hard money lender. They provide funding all across the US. They provide short term fix and flip loans and private commercial loans. Their loan guidelines are flexible, including ...
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 ...
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. ...
2100 Main Street, suite 265
Huntington Beach, CA 92648
Aegis Funding is hard money lender based in Huntington Beach, CA. They provide loans throughout California. They offer lending solutions for a variety of needs and situations, including fix and flip loans and long term rental property loans. They issue ...
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 ...
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 ...
CRE Lender is an asset-based lender providing funding all across the country. They provide loans for a variety of situations, including commercial loans and fix and flip loans. They offer loans on numerous property ...