Capella Mortgage Corp

Creative Hard Money Lending for Real Estate Investors and Homeowners

Any LTV – but it depends on the deal!

Flip deals: we will lend 100% of the purchase price, sometimes more, sometimes less. It depends on the “after repair value”, the comps, borrower experience, and square footage of the property.
Construction loans: typical loan-to-cost ratios – if it is going to cost you $500k to build a house (construction budget), and the house will be worth $750k in value when you are done (because you already own the land), we will lend you no more than 80% of the cost to build (80% * $500k = $400,000), or no more than 60% of the final value (60% * $750k = $450,000), so we will lend $400k to $450k typically. This is because in a construction loan, most lenders require that the land is paid for before they will lend money to build. And since the land is usually about 20-30% of the cost of the entire property, that means the borrower has some equity in the property.

These formulas may change based on the location of the property, the type of the property, and the reputation of the builder.

Property Geographic Area Details

Arizona, Colorado, Nevada, Texas, California

Loan Amounts

$35,000 to $40,000,000

Interest Rates

7% to 24%

Loan Terms

3 months to 117 months

Origination Fees

1.75% to 6%

Lien Position

1st, 2nd

Collateral Types

Residential Property
Commercial Property
Business

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Invest in a Business
Business Working Capital
Value Add Project
Development Project
Primary Residence Purchase
Personal Use

Property Occupancy

Vacant
Tenant Occupied 100%
Tenant Occupied Partial
Owner Occupied Commercial
Owner Occupied Residential

Maximum Leverage

Purchase Short-Term (no Value-Add):

Max LTP Residential: 80%

Max LTP Multifamily: 75%

Max LTP Commercial: 75%

Max LTP Land: 65%

Max CLTP Mezzanine: 80%

Max CLTP Pref Equity: 80%

Purchase Long-Term

Max LTP Residential: 80%

Max LTP Multifamily: 75%

Max LTP Commercial: 75%

Refinance Short-Term (no Cash Out)

Max LTV 1st Lien Residential: 80%

Max CLTV 2nd Lien Residential: 70%

Max LTV 1st Lien Multifamily: 80%

Max CLTV 2nd Lien Multifamily: 65%

Max LTV 1st Lien Commercial: 75%

Max CLTV 2nd Lien Commercial: 60%

Max LTV 1st Lien Land: 65%

Max CLTV 2nd Lien Land: 50%

Refinance & Cash Out Short-Term

Max LTV 1st Lien Residential: 75%

Max CLTV 2nd Lien Residential: 65%

Max LTV 1st Lien Multifamily: 75%

Max CLTV 2nd Lien Multifamily: 60%

Max LTV 1st Lien Commercial: 70%

Max CLTV 2nd Lien Commercial: 55%

Max LTV 1st Lien Land: 65%

Max CLTV 2nd Lien Land: 50%

Refinance Long-Term

Max LTV Residential: 75%

Max LTV Multifamily: 70%

Max LTP Commercial: 65%

Residential Fix & Flip

Max LTP: 100%

Max LTC: 90%

Max LTARV: 75%

Residential Rehab & Hold

Max LTP: 80%

Max LTC: 80%

Max LTARV: 70%

Multifamily Value-Add

Max LTP: 80%

Max LTC: 80%

Max LTARV: 70%

Commercial Value-Add

Max LTP: 80%

Max LTC: 70%

Max LTARV: 70%

Residential Construction

Max LTP Land: 70%

Max LTC: 80%

Max LTCV: 70%

Multifamily Construction

Max LTP Land: 65%

Max LTC: 70%

Max LTCV: 70%

Commercial Construction

Max LTP Land: 65%

Max LTC: 70%

Max LTCV: 70%

Property Types

2-4 Units Residential
Assisted Living Facility
Auto Dealership
Auto Repair
Bed and Breakfast
Cannabis Dispensary
Cannabis Grow Facility
Car Wash
Casino
Child Day Care
Church
Cinema
Club
Commercial Condominium
Commercial Land
Community Center
Condominium
Equestrian
Event Center
Gas Station
Golf Course
Gym
Healthcare
Hospital
Hostel
Hotel
Industrial
Manufactured Home
Marina
Mixed-Use
Mobile Home Park
Motel
Multifamily
Night Club
Office
Parking Garage
Parking Lot
Place of Worship
Portfolio of Commercial Properties
Portfolio of Residential Properties
RV Park
Ranch
Rehabilitation Facility
Religious Facility
Residential Land
Retail
School
Senior Housing
Single Family Residence
Sports Facility
Storage Facility
Student Housing
Theater
Vehicle Parking
Winery

Loan Types

Private Money
Hard Money
Residential Bridge
Residential Fix and Flip
Residential Rehab and Rent
Residential Owner-Occupied
Residential Ground-Up Construction
Commercial Bridge
Commercial Property Value Add
Commercial Ground-Up Construction

Specialty Loan Types

Bankruptcy Resolution
Cannabis Use Properties
Condo Conversion
Debtor in Possession
Discounted Note Payoff
Foreclosure Bailout
Land Development
Luxury Homes
PACE - Property Assessed Clean Energy
Partner Buyout
Primary Residence Bridge
Primary Residence Business Purpose Cash Out
Residential Long-Term Rental
Residential Non-Prime
Residential Short-Term Rental
Subdivisions
Transactional Funding
Vacation Rental

Junior Lien Loan Amounts

$30,000 to $5,000,000

Junior Lien Interest Rates

10% to 24%

Junior Lien Loan-to-Value

65%

Junior Lien Loan-to-Cost

70%

Junior Lien Origination Fees

3% to 6%

We Fund Junior Position Loans

Rarely

Junior Lien Types

Purchase
Refinance
Equity Cash Out
Mezzanine
Preferred Equity

While we rarely offer loans in the second position, sometimes there is just cause to make that exception.

Description

We have done land loans for properties with and without entitlements throughout the southwest United States.

Land Types Considered

Residential Land
Multifamily Land
Industrial Land
Office Land
Retail Land
Hospitality Land
Special Purpose Land
Cannabis Use Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

65%

Max LTC for Land Acquisition

65%

Junior Lien Types

Purchase
Refinance
Equity Cash Out
Mezzanine
Preferred Equity

While we rarely offer loans in the second position, sometimes there is just cause to make that exception.

Max Loan-to-Purchase Price

65%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

Own Cash
Partner
Equity in Subject Property
Equity in Another Investment Property
Equity in Primary Residence
Seller Financing
Gap Lender
Family

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

70%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

Maximum After Repair Value

75%

Development Experience Required

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

70%

Will Lend on Partially Completed Construction Projects

yes

Minimum Origination Fee Amount

$3,995

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized
Interest Reserve

Pre Payment Penalty

yes

Each loan has its own prepayment penalty depending on the borrowers plan with the property.

Will lend to a foreign national

yes

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Trust
Corporation
Non-Profit Corporation
Self-Directed IRA

Documentation Required

Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Credit Check Description

We don't allow a borrower with current lates unless they have great reasoning.

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Additional Details

Loans are tailored to the customer and their needs. Unlike institutional lenders our credit box can be flexible and we work to build the best strategy for you.

Contact Capella Mortgage Corp

Capella Mortgage Corp pays us to be listed, so there is no fee to connect with them directly. Call them, send an email, or share your loan request.

(702) 214-XXXX

Click to show phone number

Send email Create a Loan Request

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Since February 2002, Capella Mortgage has been known for one thing: private money lending.

Capella Mortgage focuses on five states: Nevada, Texas, Arizona, Colorado, and California. However, if the loan is an investment property or commercial property, then we will lend all the way to Florida.

Loan amounts range from $30K to $50M. Capella focuses on the whole package rather than just the credit score: the property, the price, the experience of the borrower, the character of the borrower, credit history, lien history, etc.

The easiest way to figure out if Capella will do your loan is to call us 702-214-4700. We will get to the bottom of your request within a few minutes, and if they we interested, you can go to our website and type in the loan request.

License

NMLS 372157

Company Size (Number of Employees)

Year Established

2002

Office Locations

Capella Mortgage Main Office
3765 E Sunset Road, Suite B2, Las Vegas, Nevada 89120

Primary Capital Source

Own Funds
Debt Fund We Manage
Individual Investors
Family Offices
Private Equity Funds
Friends & Family

Loan Structure for Majority of Loans

Own Balance Sheet
One Investor One Loan
Multiple Investor Fractionalized Note
Multiple Lender Participation

Percentage of Loans Secured by Commercial Property

30%

Percentage of Loans Secured by Residential Property

70%

Total Number of Loans Funded to Date

5,000

Total Loan Volume Funded to Date

$900,000,000

Our Team

Corinne Cordon

CEO

NMLS - 376581

Matthew Dale

President & Broker

NMLS - 1078402

Craig Wheeler

Loan Officer

NMLS - 1695126

Contact Capella Mortgage Corp

Capella Mortgage Corp pays us to be listed, so there is no fee to connect with them directly. Call them, send an email, or share your loan request.

(702) 214-XXXX

Click to show phone number

Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

Contact This Lender

Click to show phone number

(702) 214-XXXX

Visit Website Send Email

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Create a Loan Request

Contact Capella Mortgage Corp by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.