Direct Lender for Real Estate Investors in the Northeast & Mid-Atlantic Regions

Lines of Credit- Maintain constant access to the cash you need for working capital, growing your real estate portfolio, or fixing and flipping properties.

Bridge Loans- Quickly close on a property, save real estate from foreclosure, or take advantage of a short-term opportunity prior to securing long-term financing.

Construction Loans- Obtain the essential construction funding you need for both ground-up and renovation projects.

Mini-Perm- Need longer term financing? Commonwealth can do a term as long as 5 years with amortization options.

Please note: we do NOT offer loans for raw land or owner-occupied homes.  We will offer cashout on Primary residences for investment purposes. 

Property Geographic Area Details
We lend in 9 states: DC, DE, CT, FL, MD, PA, NJ, NY, VA
Loan Amounts
$100,000 to $4,000,000
Interest Rates
12% to 15%
Loan Terms
1 months to 60 months
Origination Fees
2% to 4%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
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
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Casino
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Community Center
  • Condominium
  • Cooperative
  • 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
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Winery

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Bankruptcy Resolution
  • Cannabis Use Properties
  • Debtor in Possession
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Line of Credit Portfolio of Properties
  • Line of Credit Single Property
  • Note Purchase
  • Partner Buyout
  • Residential Long-Term Rental
  • Residential Non-Prime

Max Loan-to-Purchase Price

70%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

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
  • Crowdfunding
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

80%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

1

Maximum After Repair Value

65.00%

Fees which are mandatory for all new borrower clients

  • Deposit
  • Legal Fee
  • Appraisal Fee
  • Title Fee

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

21

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
Pre Payment Penalty

no

Will lend to a foreign national

yes

No Prepayment penalty
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
  • Tax Returns
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Commonwealth Capital Testimonials

Get In Touch

Commonwealth Capital 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.

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Commonwealth Capital provides real estate secured financing (short-term bridge and mini-perm loans) for businesses and real estate investors that do not qualify for traditional bank credit or need a rapid response.

Since our founding in 2010, we have funded over $100 million in small balance commercial real estate loans, representing more than 300 transactions.

We use a common-sense approval process, free from the headaches of a traditional bank lender. We take pride in being able to offer real estate owners creative loan structures as well as direct access to the decision makers responsible for financing —professionals who collectively boast more than 100 years of real estate investing experience. This unique accessibility allows for a quick approval and closing process.

We encourage you to learn more about our team and how we can provide the mortgage financing you need.

Company Size (Number of Employees)

10

Year Established

2010

Associations

  • American Associations of Private Lenders
  • Urban Land Institute

Office Locations

Commonwealth Capital- Philadelphia, PA
518 W Lancaster Avenue, Haverford, PA 19041

Commonwealth Capital- Baltimore, MD
875 Hollins St, Suite 201, Baltimore, MD 21201

Primary Capital Source
  • Own Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

25%

Total Number of Loans Funded to Date

300

Total Loan Volume Funded to Date

$100,000,000

Our Team

Andrew Schmidt

Vice President- Head of Originations & Business and Development

Chandler Hoopes

President and CEO

Alex

Benoit

Kevin Kane

Vice President, Portfolio Management

Seth

Broder

Jack Hoopes

Co-Chairman

Don Young

Co-Chairman

Funded Deals

Get In Touch

Commonwealth Capital 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

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Create a Loan Request

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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

$100,000

Send an email to Commonwealth Capital