Capella Mortgage Corp

Capella Mortgage Corp, based in Las Vegas, provides private money lending for real estate investors and homeowners. They offer tailored loans ranging from $35,000 to $40 million across several states, focusing on various property types and borrower experience, rather than solely credit scores. Established in 2002, they have funded over 9,000 loans.

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.

Common Loan Scenarios

All Types of Properties, including Land
Owner-Occupied Homes
2nd Mortgages up to 65% LTV
Hemp Farms & Cannabis-Use Property

Details and Requirements

Property Geographic Area Details

Arizona, Colorado, Nevada, Texas, California

Loan Amounts

$35,000 to $40,000,000

Interest Rates

7% to 24%

Origination Fees

1.75% to 6%

Loan Terms

3 to 117 months

Lien Position

1st, 2nd

Credit Check Required

yes

Credit Check Details

We check credit but don't have a minimum score requirement. We don't allow a borrower with current lates unless they have great reasoning.

Prepayment Penalty

yes

Prepayment Penalty Details

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

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized
Interest Reserve

Personal Guaranty (Recourse) Required

Sometimes

Borrower Entity Types Considered

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

Documentation Required

Loan Application

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

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will lend to a foreign national

yes

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

yes

Will Consider Equity Joint Venture

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

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.

Capella Mortgage Corp’s Lending Activity

Data Provided By Elementix

12mo Loan Volume

$41,658,000

12mo Loan Count

Total Loan Volume

$275,154,617

Average Loan Size

$547,027

Loan Count by State (Past 12 Months)

NV: 12, TX: 1, AZ: 1

Data provided by

| Disclaimer

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

Capella Mortgage focuses on five states: Nevada, Texas, Arizona, Colorado.

Loan amounts range from $250K to $35M. 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 OR go to https://apply.mtg.loan and fill out a quick loan application. We will get to the bottom of your request within a few minutes, and give you an answer on the phone call.

We work with brokers. Go to https://originate.mtg.loan

We are one of the few hard money lenders left that use only private investors to fund loans. That’s important because during crises, the lines of credit used by other lenders dry up. Wall Street money dries up. That’s why we are one of the few lenders that keep right on lending no matter what the political or economic environment.

Office Locations

Capella Mortgage Main Office

3765 E Sunset Road, Suite B2, Las Vegas, Nevada 89120

Connect with Capella Mortgage Corp:

Our Team

Corinne Cordon

CEO

NMLS - 376581

Matthew Dale

President, Broker

NMLS - 1078402

Our minimum loan amount is $35,000

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