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Gravity Capital LLC is a direct lender that provides lending solutions to entrepreneurs who need quick, quality funding sources for solid business real estate ventures. Whether you need funding to finish a real estate property project, or you need money to update your company’s equipment, our team is standing by to answer your questions and address your concerns.
Property Geographic Area Details
Nationwide - All 50 States
Loan Amounts
$50,000 to $5,000,000
Interest Rates
12% to 18%
Max Loan-To-Value
50.00%
Max Loan-To-Cost
60.00%
Origination Fees
2% to 10%
Loan Terms
6 months to 18 months
Lien Position
- 1st
- 2nd
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 and Loan Types
Collateral Types
- Commercial Property
- Commercial Property Ground Lease
- Business
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
- Commercial Land
- Community Center
- Cooperative
- Equestrian
- Event Center
- Gas Station
- Golf Course
- Gym
- Healthcare
- Hospital
- Hostel
- Hotel
- Industrial
- Marina
- Mixed-Use
- Mobile Home Park
- Motel
- Multifamily
- Night Club
- Office
- Parking Lot
- Place of Worship
- Portfolio of Commercial Properties
- RV Park
- Ranch
- Recreational
- Rehabilitation Facility
- Religious Facility
- Retail
- School
- Senior Housing
- Sports Facility
- Storage Facility
- Student Housing
- Theater
- Timberland
- Vehicle Parking
- Winery
Loan Types
- Commercial Bridge
Specialty Loan Types
- Cannabis Use Properties
Junior Liens
Junior Lien Loan Amounts
$50,000 to $5,000,000
Junior Lien Interest Rates
12% to 18%
Junior Lien Loan-to-Value
50.00%
Junior Lien Loan-to-Cost
50.00%
Junior Lien Origination Fees
2.00% to 10.00%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Purchase
- Equity Cash Out
- Preferred Equity
Agribusiness Loan
Agribusiness Types
- Cattle Ranch
- Cannabis
- Citrus Grove
- Corn
- Cotton
- Dairy
- Equestrian
- Melons
- Peach
- Peanuts
- Potatoes
- Poultry
- Row Crops
- Swine
- Tree Nuts
- Vegetables
Will Consider Cannabis Use Properties
yesMaximum LTV for Cannabis Use Properties
50.00%Cannabis Property Use Type
- Cultivation
- Retail Dispensary
- Retail Sales
- Manufacturing
- Processing
- Production
Land Loan
Land Types Considered
- Multifamily Land
- Industrial Land
- Office Land
- Retail Land
- Hospitality Land
- Agricultural Land
- Special Purpose Land
- Cannabis Use Land
- Covered Land
Will Consider Land That is NOT Entitled
noMax LTV for Land
50.00%Max LTC for Land Acquisition
50.00%Purchase Loan
Max Loan-To-Purchase Price
60.00%Borrower Must Have Property Under Contract
yesWill 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
- Seller Financing
- Crowdfunding
- Family
Details and Requirements
Typical Closing Time (Days)
10Fastest Closing Time (Days)
1Works With
- Brokers
- Borrowers
Payment Structure
- Amortized
- Interest Reserve
Pre Payment Penalty
no
Will lend to a foreign national
yes
If the value is there we will do it.Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Tax Returns
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
noAppraisal Required for Commercial Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
AlwaysFees
Site Visit Fee
$0 to $1,500.00
price of airline ticket and hotel
Legal Fee
We roll the legal fees into the loan.
Minimum Origination Fee Amount
$5,000
Fees which are mandatory for all new borrower clients
- Site Visit Fee
- Extension Fee
Fees which are charged upfront prior to loan closing
- Site Visit Fee
- Extension Fee
Gravity Capital LLC was established in 2012 by Dave Knudson. The company initially focused on real estate related to the oil and gas industries but quickly began to extend into other markets. Gravity Capital’s loans are backed by a hedge fund, meaning that we have a near limitless amount of capital and will do any deal that meets our criteria.
Utah Division of Corporations Entity Number: 8110139-0160 (Gravity Segregation, LLC)
Company Size (Number of Employees)
4
Year Established
2012
Office Locations
531 East 770 , Orem, Utah 84097Primary Capital Source
- Own Funds
- Individual Investors
- Hedge Funds
Alternative Capital Sources
- Own Funds
- Individual Investors
- Hedge Funds
Loan Structure for Majority of Loans
- Own Balance Sheet
Percentage of company’s lending business focused on private mortgage
100%
Percentage of Loans Secured by Commercial Property
100%
Percentage of Loans Secured by Land
10%
Percentage of Loans Secured by a Business (not real estate)
10%
Total Number of Loans Funded to Date
100
Total Loan Volume Funded to Date
$50,000,000
2017 Number of Loans Funded
20
2017 Loan Volume Funded
$20,000,000
2018 Number of Loans Funded
20
2018 Loan Volume Funded
$20,000,000
Dave Knudson
President
Real estate is particularly significant in David’s vast experience, as he has been involved in many successful real estate ventures, as well as an investor in properties. Some of his solid business background includes non-performing loan portfolios and loans secured by real estate, in addition to owning a title company. David’s business expertise also includes land value and mineral acquisitions, as he has dealt in negotiating oil and gas leases and right of ways in the oil industry. At Gravity Capital LLC, David specializes in lending capital that can be collateralized in many ways. This includes real estate, accounts receivable, alternate businesses, medical companies, equipment and more. David loves what he does and is an expert in creating the best scenario for entrepreneurs to meet their goals, succeed in acquiring property and develop successful enterprises.
Josh Lilywhite
Senior Loan Officer
Josh Lilywhite is responsible for generating and evaluating investment opportunities for Gravity Capital. He will often be your first point of contact and can quickly assess the collateral value of any given property and put together the basic framework for a deal.
Justin Priestly
CFO
Justin serves as the CFO of Gravity Capital. Justin is an accounting professional with substantial experience and expertise in financial reporting, budgeting, and financial analysis. Prior to joining Gravity, Justin worked as a senior accountant for the Summit Companies. Justin has also held accounting positions at the Rio Tinto Technology and Innovation Finance group and Kennecott Finance group. Justin holds a BS in economics from Vanderbilt University and a Master’s of Accounting from the University of Utah.
Bryce Svenson
Marketing Manager
Bryce serves as the Chief Marketer for Gravity Capital. His duties include: content production, website design, SEO and marketing strategy for the company. He currently attends Brigham Young University studying marketing and business.