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Aloha Capital was created by real estate investors, for real estate investors. We offer fast, flexible and reliable private lending solutions at competitive rates to help you invest in single family, multi-family & commercial real estate properties. We are a direct, private lender specializing in hard money bridge loans for fix and flip, buy and hold, and turnkey real estate investment providers.
Here’s our pricing options for fix & flip loans:
- 90% Financing
90% of purchase, up to 100% of Renovation
Max 75% of ARV, 9-24 month term
11% and 2 Points - 85% Financing
85% of purchase, up to 100% of Renovation
Max 75% of ARV, 9-24 month term
8.99% and 2 Points - 80% Financing
80% of purchase, up to 100% of Renovation
Max 75% of ARV, 9-24 month term
7.99% and 2 Points
Property Geographic Area Details
We lend in 24 states: AZ, CO, DC, FL, GA, IL, IN, KS, KY, MD, MN, MO, NJ, NY, OK, OH, OR, NC, TN, TX, UT, VA, WA, WI. We prefer urban, metro or sub-urban areas.
Loan Amounts
$75,000 to $5,000,000
Interest Rates
7.99% to 11.99%
Max Loan-To-Value
75.00%
Max Loan-To-Cost
90.00%
Origination Fees
2% to 4%
Loan Terms
6 months to 24 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Value Add Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Condominium
- Multifamily
- Portfolio of Residential Properties
- Single Family Residence
Loan Types
Specialty Loan Types
- Line of Credit Portfolio of Properties
Purchase Loan
Max Loan-To-Purchase Price
90.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
Details and Requirements
Typical Closing Time (Days)
10Fastest Closing Time (Days)
3Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
- Interest Reserve
Pre Payment Penalty
yes
30 year rental loans only 5 year PPP Or, PPP can be bought down 4-3-2-1 with rate increasesWill lend to a foreign national
yes
620 Credit or betterWill Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
- Limited Partnership
- Trust
- Corporation
- Non-Profit Corporation
- Self-Directed IRA
Documentation Required
- Credit Report
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
575Credit Check Description
Tri-merge, hard credit pull, middle score.Appraisal Required for Residential Property
AlwaysAppraisal Required for Commercial Property
AlwaysBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Documents Fee
$995 for Bridge $1250 for Rental loans
Inspection Fee
Bridge $150, plus a $30 wire fee
Extension Fee
Same pro rata/rate per month or quarter as paid to originate the loan
Appraisal Fee
Bridge As is and ARV appraisals Varies by market. $400 to $750 generally. Rental loans As is and 1007/market rent appraisal
Minimum Origination Fee Amount
$1,500
Fees which are mandatory for all new borrower clients
- Documents Fee
- Appraisal Fee
- Inspection Fee
- Extension Fee
Fees which are charged upfront prior to loan closing
- Appraisal Fee
Fees which are paid to a third party company
- Appraisal Fee
- Renovation or Construction Funds Draw Fee
Legal Disclaimer
The lending guidelines provided herein are based on the best information available at the time and is subject to change at the Lender's sole and absolute discretion. Nothing provided herein shall constitute a legally binding contract. Legally binding Agreements will be provided to current borrowers upon request.
We are an organization built on passion, experience, and ingenuity. As an investment manager, real estate investor and lender, we hold ourselves to the highest ethical and fiduciary standards. We act as financial stewards to our investors and as trusted business partners to our real estate investment clients & partners. The Aloha Capital team is always looking for ways to give back through service and philanthropic giving.
Minnesota Residential Mortgage Originator License Lic. #MN-MO-1279924
License
NMLS #1279924, MN-MO-1279924
Company Size (Number of Employees)
8
Year Established
2015
Office Locations
Aloha Capital LLC2525 Arapahoe Avenue, E4-259, Boulder, Colorado 80304
Primary Capital Source
- Own Funds
- Bank Credit Line
- Private Equity Funds
- Asset Management Companies
Alternative Capital Sources
- Single Capital Partner
- Hedge Funds
Loan Structure for Majority of Loans
- Own Balance Sheet
Alternative Loan Structures
- Table Funding with Capital Partner
Percentage of company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Real Estate Investing
- Residential Real Estate Investing
Percentage of Loans Secured by Residential Property
100%
Percentage of Residential Property Loans Which are Fix and Flip
50%
Percentage of Residential Property Loans Which are Buy and Hold
50%
Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)
100%
Total Number of Loans Funded to Date
1100
Total Loan Volume Funded to Date
$150,000,000
2017 Number of Loans Funded
150
2017 Loan Volume Funded
$22,000,000
2018 Number of Loans Funded
500
2018 Loan Volume Funded
$52,000,000
Steve Sapourn
Principal
Mr. Sapourn is a co-founder and portfolio manager for Aloha Capital. Steve oversees borrower and deal underwriting as well as portfolio management, with a focus on maximizing returns and mitigating risks. Steve’s years of experience in the alternative investment industry dates to 1996 and includes founding and serving as Chief Investment Officer for hedge funds managing over $125 million using quantitative trading strategies he developed and implemented. He has performed various roles including Chief Compliance Officer, chief of operations and portfolio manager for commodity trading advisors and fund of funds. He has deep expertise in analyzing the risk and reward of investment opportunities. As portfolio manager for Aloha Capital, Steve has underwritten and serviced over $80 million in loans to sophisticated real estate investors in 10 states. A real estate investor for over 25 years, Mr. Sapourn actively invests in commercial and single family residential projects as well as lending money secured by real estate to well qualified borrowers. Steve graduated from the University of Colorado, Boulder in 1992 and lives in Boulder with his two children Athena and Apollo.
License Information
Chris Jones
Principal
Mr. Jones oversees business development, compliance and focuses on investor relationships as well as sourcing institutional capital and real estate partners. In his two plus decades of experience in the alternative investment industry, Chris has raised over $200 million in client assets. Mr. Jones has also served as Chief Compliance Officer, as well as having worked in operations and trading. Over the twenty plus years managing private investment funds--he is proud to have delivered HNWI, family offices and institutional investors solid absolute returns through several market cycles.
Kevin Hill
COO
Kevin oversees operations, compliance and business development efforts in Aloha's lending business. Mr. Hill has over 15 years of experience in the alternative investment space, including leadership roles at a large managed account platform, a fund administrator and multiple technology startups. He has been deeply involved with growing several businesses through the development of technology, processes, people and partners that drive both revenue growth and profitability.
Scott, Fix & Flip Real Estate Investor
I currently have two project loans with Aloha and love working with this great team! Caitlin, Chris and Kevin in Boulder have all been rock stars helping my team secure fix and flip loans in record speed with great rates! Thanks guys!
Fort Collins, CO
November, 2018
Karina, Fix & Flip Real Estate Investor
I have done two loans with Aloha thus far! Closing went smoothly on both. Caitlin worked hard both times to make the numbers work. I wouldn't use anyone else!
Palisade, CO
October, 2018
Jon, Fix & Flip Real Estate Investor
Aloha is an excellent company to work with. Very good communication and my experience has been very smooth from the beginning!
Buffalo, NY
October, 2018
Tom, Fix & Flip Real Estate Investor
I flip several housed a month and use Aloha for all of my lending. I have had only good experiences with this lender! The staff is outstanding and goes over the top to make sure all of my lending needs are taken care of! They bend over backwards to work with my hectic schedule, too!! Thank you!!