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!
Hard Money Loans in Madison, South Dakota
Madison, SD has 15 private money lenders in the city. The average loan issued to borrowers is about $518,438. The average interest rate for hard money loans in Madison is 9.4%. The typical loan made in this city is for 33 months. The mean origination percentage added to the loans is 2.3%. The average LTV offered for loans in Madison is 71%.
Loan Example 1
Edna is a house flipper in Madison, SD. She discovers a run-down property for sale and wants to rehab it and sell it for a profit. The house costs $260,000 but she does not have the full amount so she takes out a private money loan with BCC Funding. The lender agrees to issue a note with a 85% loan to value (LTV) so they are willing to extend $221,000 on the house. The terms of the loan dictate a 12% note for 6 months. They also require a 5 point origination fee, that will also have to be paid upon closing.
In accordance with the terms of the loan, Edna will have to pay a $11,050 origination fee in addition to 15% of the purchase price, or $39,000, based on the 85% LTV. After the loan is executed and Edna takes on the property, she will begin making monthly payments of $2,210 to the lender ($221,000 principle x 12% / 12 months). If Edna meets her goal of a $377,000 sales price when the loan term expires, she would pocket a total profit of $92,690 after repaying the principle and subtracting the money she contributed at closing, the origination points, and the monthly interest payments.
Loan Example 2
Progressive Investment Company makes a hard money loan to Delia for a rehab project in Madison, SD. The deal includes the following:
a) A $200,000 purchase price, b) a 80% loan to value (LTV), c) a 6 month term, d) a 9% interest rate, and e) a 2% origination fee.
Once the rehab project is completed, if Delia sells the property for $250,000, the outcome would be as follows:
$250,000 sales price
- $160,000 note principle (80% LTV)
- $40,000 cash paid at closing (20% on 80% LTV)
- $3,200 origination points (2% of the $160,000 principle)
- $7,200 interest payments (6 months x 9% interest)
= $39,600 gross profit (does not include taxes or rehab costs)
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
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Global Capital Partners Fund
555 Fifth Avenue, Suite 1501
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 ...
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 ...
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 ...
5300 W Atlantic Ave,, Suite 205
Delray Beach, FL 33448
Gelt Financial since 1989 is a direct private money lender. Focusing Investment and small business mortgages in 42 states. We put a heavy focus on collateral and make storied and time sensitive deals. Our borrowers and mortgage brokers will always ...
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. ...
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 ...
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 ...
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. ...
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 ...
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. ...