Hard Money Loans in Pierre, South Dakota
Pierre, SD has 15 hard money lenders serving the city. In this city, the mean amount loaned is $336,111. The mean rate for hard money loans in Pierre is 11.7%. 32 months is the mean term for loans made in this city. The average points added to loans is 3.4%. The typical loan-to-value (LTV) for loans in Pierre is 69%.
Loan Example 1
Carlos closes on a $330,000 renovation project in Pierre, SD, using a hard money loan from Top Dog Funding Corporation. Since the lender sets a 80% loan-to-value, Carlos will need to put 20% down so the amount of the note will be $264,000. The note is interest-only, with monthly payments, and is for 18 months at 8% interest with 1 points to be paid when the deal closes.
According to the terms of the note, Carlos will have to contribute a $2,640 origination fee plus 20% of the sales price, or $66,000, since there is a 80% LTV. The monthly interest-only payments will then be $1,760 to the lender. Carlos's plan is to complete the rehab within the 18 months and sell it for $495,000. If he succeeds he will collect a gross profit of $130,680 ($495,000 sales price - $264,000 principle amount - $66,000 cash at closing - $2,640 origination fee - $31,680 in total interest paid.
Loan Example 2
Travis is a an investor in Pierre, SD. He buys an older house for a rehab project and obtains a hard money loan from All State Investments with the following features:
$270,000 sales price
55% loan to value (LTV)
18 month term
8% interest rate
4% origination fee
If Travis succeeds in his goal of a $391,500 sales price, the numbers of the project would be the following:
$391,500 sales price
- $148,500 principle (55% LTV)
- $121,500 cash paid at closing (45% on 55% LTV)
- $5,940 origination fee (4% of the $148,500 principle amount)
- $17,820 interest payments (18 months x 8% interest)
= $97,740 gross profit (does not include taxes or rehab costs)
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 $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. ...
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 ...
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. ...
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. ...