Capella Mortgage Corp
Las Vegas, Nevada
NMLS 372157
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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Maximum Leverage
Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Commercial Value-Add
Residential Construction
Multifamily Construction
Commercial Construction
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
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
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
yesMax LTV for Land
65%Max LTC for Land Acquisition
65%Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
- Mezzanine
- Preferred Equity
Max Loan-to-Purchase Price
65%Borrower Must Have Property Under Contract
noWill 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
- Equity in Primary Residence
- Seller Financing
- Gap Lender
- Family
Minimum Loan Amount
$30,000Maximum Loan Amount
$30,000,000Minimum Interest Rate
8%Maximum Interest Rate
13%Minimum Origination Fee
1.75%Maximum Origination Fee
6%Minimum Loan Term
36 monthsMaximum Loan Term
120 monthsMaximum Loan-To-Value
75%Maximum Loan-To-Purchase
80%Will Lend on a Portfolio of Properties
NoMinimum Origination Fee Amount
$3,995
Contact Capella Mortgage Corp
Stay Informed About Private Lending
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 maybe California.
Loan amounts range from $30K to $16M. 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 Office3765 E Sunset Road, Suite B2, Las Vegas, Nevada 89120
Our Team
Corinne Cordon
CEO
NMLS - 376581
Matthew Dale
President, Broker
NMLS - 1078402
Contact Capella Mortgage Corp
Stay Informed About Private Lending
