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Newport Commercial Capital is a direct lender and is able to provide funding immediately upon underwriting approval, foregoing the delays often experienced with brokers and non-direct lenders. Our easy loan application, quick underwriting process, and reliable funding commitment allows our clients to trust us for professional, dependable, and honest services.

Provide a few details of your deal to request a quote. We will review and send back a term sheet within 1 business day. Once you have accepted the terms of the quote, you are pre-approved. Our simple automated online application portal will guide you through the items required to submit your application. Once a completed application is submitted and underwriting approves the loan, we will draw your loan documents and promptly send them to escrow. We work closely with your escrow officer to ensure your loan funds on schedule.

Property Geographic Area Details

Arizona, California, Colorado, Nevada, Oregon, Utah, Washington

Loan Amounts

$50,000 to $5,000,000

Interest Rates

9.5% to 15%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

90.00%

Origination Fees

2% to 3%

Loan Terms

6 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Commercial Property

Property Types

  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Car Wash
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Cooperative
  • Equestrian
  • Event Center
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Residential Land
  • Retail
  • School
  • Senior Housing
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Timberland
  • Vehicle Parking
  • Winery

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add
  • Commercial Ground-Up Construction

Specialty Loan Types

  • Land Development
  • Condo Conversion
  • Cannabis Use Properties
  • Transactional Funding
  • Subdivisions

Agribusiness Loan

Agribusiness Types

  • Cannabis

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

70.00%

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

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

40.00%

Max LTC for Land Acquisition

90.00%

Purchase Loan

Max Loan-To-Purchase Price

70.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

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
  • Crowdfunding
  • Family

Rehab Value Add Loan

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

90.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

5

Construction Loan

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

90.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

7

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

no

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

yes

Return criteria is 30% plus IRR.

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Corporation

Documentation Required

  • Credit Report
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

no

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Processing Fee

$1300 to $1750

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Appraisal Fee
  • Extension Fee
  • Renovation or Construction Funds Draw Fee

Fees which are charged upfront prior to loan closing

  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee

Based in Newport Beach, California, Newport Commercial Capital thrives under the experienced leadership of real estate investment professionals. Our unique approach to hard money lending in combination with the expertise of our tight-knit leadership team has positioned NCC as a premier private mortgage firm. Our management team has over 100 years of combined experience in real estate operations, development and investments, and leverages their established long-term partnerships with Newport’s affiliated businesses. Management co-invests in the fund alongside external investors, ensuring all stakeholders’ interests are properly aligned.

License

CA DRE Lic. #01980596

Year Established

2018

Office Locations

567 San Nicolas Drive, Suite 230, Newport Beach, California 92660

Primary Capital Source

  • Own Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

80%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Real Estate Investing
  • Residential Real Estate Investing
  • Real Estate Development

Percentage of Loans Secured by Commercial Property

100%

Percentage of Loans Secured by Land

25%

Mike Blumenkranz

Loan Origination

License Information
CA DRE Lic. - 01980596

TJ Coveyou

CEO

License Information
CA DRE Lic. - 01856812

Daniel Bien

General Manager

License Information
CA DRE Lic. - 02018629

Mike Monaco

COO

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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(temp use, storage, billboard, parking, etc.)

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Requested loan amount divided by the purchase price + rehab/construction costs

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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Requested loan amount divided by the purchase price + rehab/construction costs

%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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