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619 Capital helps you close more loans with extremely unique loan programs designed to fund common sense quality loans that others may not appreciate. Some highlights:

  • Hybrid Fixed Rate—5/7/10 Year Fixed Rate Period
  • 30 Year Term and Amortization
  • FICO Scores Down to 550
  • LTV’s to 80% (Cash out to 80% LTV)
  • No Income Documentation Program
  • Minimum Occupancy of 65%
  • Single Tenant OK
  • Owner User OK
  • Class B & C Properties Allowed
  • Multiple Properties Can be Pooled into One Loan
  • DSCR-1.2x; projects <1.2x Allowed Case-by-Case with Reserves
  • Phase 1 Environmental Not Required
  • Top 200 MSA’s …Plus
  • LOIs Within 72 hours of Receipt of Completed Loan Registration Form

Property Geographic Area Details

Nationwide

Loan Amounts

$500,000 to $50,000,000

Interest Rates

4.5% to 9.0%

Max Loan-To-Value

80.00%

Max Loan-To-Cost

75.00%

Origination Fees

1.0% to 2.0%

Loan Terms

12 months to 360 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Commercial Property

Property Types

  • Assisted Living Facility
  • Commercial Condominium
  • Healthcare
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Retail
  • Senior Housing
  • Student Housing

Loan Types

  • Commercial Long-Term
  • Mezzanine

Specialty Loan Types

  • Note Purchase
  • Partner Buyout
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Commercial Permanent Financing

Purchase Loan

Max Loan-To-Purchase Price

75.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence

Details and Requirements

Typical Closing Time (Days)

45

Fastest Closing Time (Days)

30

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Payment Structure Details

Monthly Payments

Pre Payment Penalty

yes

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Corporation

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

600

Credit Check Description

Depends on loan type

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$4,200.00 to $15,000.00

Depends on the loan type and size

Appraisal Fee

Paid directly to appraisal company

Minimum Origination Fee Amount

$10,000

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are charged upfront prior to loan closing

  • Deposit
  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee

619 Capital is a direct lender of small balance commercial loans. We have long term correspondent relationships with some of the largest RE Funds, Agency Lenders, Investment Banks and Life Insurance Companies in the country. Management has an average of 20 years in RE finance and we have closed $billions in real estate transactions

We can fund from $500k to $5m and have placed loans up to $30m. We work with all major commercial property types

 

 

Year Established

2015

Office Locations

333 S State Street, Suite 221, Lake Oswego, Oregon 97034

Primary Capital Source

  • Single Capital Partner
  • Bank Credit Line
  • Life Insurance Companies
  • Bank Pledge of Individual Mortgages
  • Fund to Fund

Alternative Capital Sources

  • Family Offices
  • Private Equity Funds
  • Hedge Funds
  • Asset Management Companies

Loan Structure for Majority of Loans

  • Table Funding with Capital Partner
  • A/B Note Participation with Bank

Alternative Loan Structures

  • LLC Syndicated Investors

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Commercial Mortgage Banking

Percentage of Loans Secured by Commercial Property

100%

Total Number of Loans Funded to Date

40

Total Loan Volume Funded to Date

$83,000,000

2017 Number of Loans Funded

50

2017 Loan Volume Funded

$65,000,000

Bernard Guy

CEO

Bob Howard

EVP Business Development

Lauren Drake

VP Deal Manager

Lauren has 10 years in the real estate lending operations including managing closings.

John Horak

Chief Credit Officer

Kevin Ness

CFO

25 years in real estate finance and all phases of capital formation

Completed Transactions

619 Capital

Private Loan Funding
Beaverton, OR
$1,750,000
Office

Purchase

View Transaction

619 Capital

Private Loan Funding
Sacramento, CA
$10,000,000
Multifamily

Purchase

View Transaction

619 Capital

Private Loan Funding
Portland, OR
$3,000,000
Multifamily

Purchase

View Transaction

619 Capital

Private Loan Funding
Salt Lake City, UT
$2,000,000
Industrial

Purchase

View Transaction

619 Capital

Private Loan Funding
Las Vegas, NV
$1,200,000
Multifamily

Purchase

View Transaction

619 Capital

Private Loan Funding
Tumwater, WA
$23,000,000
Multifamily

Refinance

View Transaction

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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