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We found 12 results for construction private money lenders in Huron, SD. Note amounts average approximately $593,750. Interest rates on loans issued to Huron investors average 11.0%. The median loan made in this city has a length of 22 months. The mean origination fee for the loans is 3.2 points. Lenders in Huron average a 74% LTV on their loans.
Gilbert is a home builder in Huron, SD. He decides to acquire a home lot to construct a new single family home. The plot costs $330,000 and Gilbert thinks that the construction costs for the new house will be about $300,000. He obtains a new construction loan from River City Finance with these terms: 1) a 18 month note at 13% interest, 2) interest only payments made each month, 3) 5 origination points at closing by the borrower, and 4) a 65% loan-to-value (LTV) on both the land and the construction costs. They agree not to charge a pre-payment penalty and they will issue the construction costs in four draws. By this deal scenario, the lender will fund $409,500 of the land and the construction costs. The borrower will have to pay $220,500 down, a $20,475 origination fee, and $4,436 per month in loan payments. If Gilbert sells the home for $940,000 he will make a gross profit of $209,673 after returning the loan principle and subtracting the origination fee and total interest payments.
Adam is a builder who decides to buy a vacant lot in Huron, SD to build a duplex. He takes a construction loan from Big Money Investment Company with these stipulations:
If his achieves a $550,000 re-sell after the 12 month term, the numbers for this project will be the following:
$550,000 sales price
- $322,000 note principle (70% LTV)
- $138,000 cash paid at closing (30% on 70% LTV)
- $16,100 origination points (5% of the $322,000 principle)
- $41,860 total interest paid (12 months x 13% interest)
-----------------------
= $32,040 net profit
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 ...
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. ...
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 ...
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 ...
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 ...
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. ...
11601 Wilshire Blvd. Suite 2410
Los Angeles, CA 90025
Rodeo Capital Inc is private lender headquartered in Los Angeles, CA. They provide loans throughout the US. They offer lending solutions for many different situations, including refinancing, short term bridge loans, hard money construction loans, fix and ...
79 Madison Ave, 7th Floor
New York, NY 10016
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 ...
1 Battery Park Plaza, 26th Floor
New York, NY 10004
Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US. They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans. ...
One South Greeley Ave Suite 1b
Chappaqua, NY 10514
Brisco Funding is an asset-based lender in Chappaqua, NY providing funding throughout the US. They offer lending solutions for many different situations and needs, including construction loans, buy and hold loans, short term loans, and short term fix ...
5044 Lakeaire Cir
Temple, TX 76502
BSIP Capital is a Temple, TX based hard money lender. They offer loans throughout the country. They provide lending solutions for a variety of needs and situations, including commercial loans, hard money refinancing, long term rental property loans, ...
711 Westchester Avenue, Suite 202
White Plains, NY 10604
360 CB Capital Funding is a White Plains, NY based hard money lender. They provide funding all across the US. They provide ground up construction loans, short term loans, long term rental property loans, cash out loans, fix ...
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