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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
yesWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed 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)
45Fastest Closing Time (Days)
30Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Payment Structure Details
Monthly PaymentsPre Payment Penalty
yes
Will lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill 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
AlwaysCredit Check Required
yesMinimum Credit Score Required
600Credit Check Description
Depends on loan typeAppraisal Required for Commercial Property
AlwaysBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
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 97034Primary 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
Beaverton, OR
$1,750,000
Purchase
619 Capital
Sacramento, CA
$10,000,000
Purchase
619 Capital
Portland, OR
$3,000,000
Purchase
619 Capital
Salt Lake City, UT
$2,000,000
Purchase
619 Capital
Las Vegas, NV
$1,200,000
Purchase
619 Capital
Tumwater, WA
$23,000,000
Refinance