Investment Property Loans in Aberdeen, South Dakota
Aberdeen, SD has 10 investment property private money lenders issuing loans in the city. The median amount for loans in the city is $586,072. The median rate for private loans in Aberdeen is 10.4%. 46 months is the median term for loans made in the city. The mean origination for the loans is 2.6 percent. 74% is the mean loan-to-value (LTV) offered for offered by lenders in Aberdeen.
Loan Example 1
Christi is a real estate investor in Aberdeen, SD. She discovers a rental property to acquire for $330,000 but she does not have enough funds so she takes out a private loan from Rising Sun Lending Company . The lender loans Christi 55% of the list price of the investment property (LTV), so she will need to fund the remaining 45%. In addition, they agree to a 5 year, interest only loan at a 9% interest rate, with 1 origination points paid at closing. According to this scenario, Christi will have to fund $148,500 of her own cash in the deal in addition to the $1,815 origination fee (1% x $181,500 principle amount). She will also need to pay $1,361 per month in interest.
Loan Example 2
Paige decides to purchase a rental house in Aberdeen, SD for $370,000 using a private money loan from Allstar Lending . Paige and Allstar Lending agree to a 60% loan to value (LTV) so they will loan 60% of the purchase price and Paige will have to bring the other 40%. Additionally, they stipulate a 3 year, interest only loan at a 12% rate of interest, with a 1% origination fee charged when the deal closes. Paige will need to pay $148,000 of her own money upon the close of the loan (based on the 60% LTV) in addition to the $2,220 in origination points (1% x $222,000 principle), plus she will also start making payments of $2,220 monthly once the deal is closed.
W Financial is private money lender based in New York, NY. They offer loans across the United States. They provide loans for a variety of situations and needs, including cash out hard money loans, investment property loans, ...
Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States. They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...
Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country. They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans. Their loan guidelines ...
Private Mortgage Financing Partners
32416 Autumn Forest Ct.
Magnolia, TX 77354
(936) 588-8501 Website
Private Mortgage Financing Partners is a private lender in Magnolia, TX providing loans all throughout the United States. They provide investment property loans, fix and flip hard money loans, and commercial hard money loans. Their lending parameters ...
Pangea Mortgage Capital is private money lender based in Chicago, IL. They provide funding throughout the country. They provide lending solutions for a variety of situations, including fix and flip loans, loans for investments properties, and ...
Global Capital Partners
1345 Avenue Of The Americas, 2nd Floor
New York, NY 10105
(800) 514-7350 Website
Global Capital Partners is a New York, NY based private lender. They provide funding across the US. They offer hard money bridge loans, hard money construction loans, refinancing, fix-and-flip loans, hard money loans for commercial properties, and ...