There are 24 search results for private money refinance lenders serving Pearl City, HI. Note amounts average around $313,056. Rates on loans made to Pearl City borrowers average 10.3%. The average note issued in this city is for 40 months. The average origination fee applied to the loans is 3.1%. Lenders in Pearl City average a 77% loan-to-value on their deals.
Clifton owns a company in Pearl City, HI. He runs his operation out of a retail space which he owns in full. He turns to Easy Brook Finance for a cash out refi loan after he is turned down for a loan by his bank to fund his business's current inventory requirements. In exchange for a first position equity stake on the building, the lender agrees to loan Clifton 40% of its $900,000 estimated value. They also agree to a 10% interest rate, a 1 year note length, and will charge an origination fee of 2 points at the closing. Interest-only payments should be paid monthly with the loan principle to be re-paid when the note expires. Clifton receives $352,800 in cash from Easy Brook Finance when the deal closes ($900,000 estimated market value x 40% loan-to-value - $7,200 in origination charges). He will then make monthly payments of $3,000 for the 1 year term of the note. He will also make one final balloon payment of $360,000 to close the debt.
Elise owns a company in Pearl City, HI. She runs her operation from a retail space which she owns outright. She determines she requires some funds for her business's operation but is refused by her bank for a cash-out refinance, so she looks to Ocean View Investment Group for a private money refi. In exchange for a first position equity stake on the building, the lender agrees to loan Elise 70% of its $1,200,000 estimated value. The lender will begin receiving interest only payments for a 3 year period. They will also deduct 4 points when the transaction closes and will then have the principle paid back in one balloon payment when the note matures. Based upon the terms of this deal, Ocean View Investment Group will loan Elise a total of $806,400 on her building ($1,200,000 estimated market value x 70% loan-to-value - $33,600 in origination points). Elise will then pay $6,300 monthly in interest payments until the note matures and will then return the $840,000 principle value of the note.