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.
  • Owner Occupied Purchases:  usually a maximum of 80% loan to value.
  • 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
$25,000 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

no

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

no

Minimum Number of Value-Add Projects Completed by Borrower

0

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

2

Maximum After Repair Value

75.00%

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

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)

7

Fastest Closing Time (Days)

5

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

no

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.

Get In Touch

Capella Mortgage Corp pays us to be listed, so there is no fee to connect with them directly. Share your loan request, send a simple email, call, or visit their website.

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Since February 2002, Capella Mortgage has been known for one thing: private money lending.  They are one of the few hard money lenders in the country willing to lend on OWNER OCCUPIED properties, following all Dodd-Frank guidelines for qualified mortgage rules, but they are also famous for being able to pull off the impossible in a short amount of time and willing to take risks on loans others turn down – IF the deal makes sense.

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.  Owner-occupied loans can only be funded in Nevada, Texas, Arizona, Colorado, and California.

Loan amounts range from $25K 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)

17

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

5000

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

Get In Touch

Capella Mortgage Corp pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

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.

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.

BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$25,000

What We Do

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

Send an email to Capella Mortgage Corp