Old North Capital Fund, LLC
Tucson, Arizona
Flexible Asset-Based Funding for Residential Real Estate Investors
Old North Capital Fund is a true asset-based lender offering flexible short-term financing that gives investors the power to fund their real estate opportunities hassle-free and scale their portfolio. Our lending is mainly for single family homes in urban/suburban areas, but we will consider multifamily with up to 10 units.
NO Credit Checks | NO Appraisals | NO Prepayment Penalties | NO Junk Fees
- Bridge Loans
- Purchase or Refinance a rental property
- Up to 70% LTP/LTV
- Rehab Fix & Flip or Fix & Rent
- Up to 90% of purchase, 100% of rehab, 75% ARV
- Prefer to stay under 70% ARV but will make exceptions
- 10%+ down payment required
- Ground-Up Construction
- Funding up to 85% of shovel-ready land plus 100% of vertical costs
- NO land development
Please note: We do NOT offer loans for owner-occupied homes or rural properties.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Maximum Leverage
Purchase Short-Term (no Value-Add)
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Residential Construction
Multifamily Construction
BRIDGE LOANS
Often, investors need interim financing, or a “Bridge Loan,” to give them time to achieve their next step while personal capital isn’t available yet. The terms of this loan are very similar to our Fix & Flip Loan, however, no funds will be allocated towards construction and instead, a lump sum amount will be paid. We offer this loan for six months, but there is no pre-payment penalty if it is paid back sooner. This provides our investors with ultimate flexibility on a Bridge.
- 12.9% monthly interest payments (calculated only on amounts actually received)
- 0% interest on construction money
- 2-3 point origination fee
- Lenders titles policy required
- Hazard/builder’s risk insurance required
- 6-month term (with extension provisions)
- Up to 75% LTV
CONSTRUCTION LOANS
We provide hard money construction loans for investors building residential or commercial properties. The Construction Loan Program is great for investors who purchase a lot or tear down an existing home to build new construction.
- 12.9% monthly interest payments (calculated only on amounts actually received)
- 0% interest on construction money
- 2-4 point origination fee
- Lenders titles policy required
- Hazard/builder’s risk insurance required
- 6-month term (with extension provisions)
- Up to 75% LTV
- Flexible Draw Schedule
FIX & FLIP LOANS
Our Fix & Flip funding is our most popular loan and is ideal for investors who need to quickly acquire a property with the intention of renovating or fixing the property to be sold at a higher price. Our pricing is flexible based on prior experience.
- 12.9% monthly interest payments (calculated only on amounts actually received)
- 0% interest on construction money
- 2-3 point origination fee
- Lenders titles policy required
- Hazard/builder’s risk insurance required
- 6-month term (with extension provisions)
- Up to 75% LTV
- Flexible draw schedule
Property Types
- 2-4 Units Residential
- Condominium
- Multifamily
- Single Family Residence
Specialty Loan Types
- Luxury Homes
- Transactional Funding
Minimum Origination Fee Amount
$3,500
Fees which are paid to a third party company
- Legal Fee
- Settlement Fee
- Title Fee
Old North Capital Fund, LLC Testimonials
Jeff Beckerman
"Old North is the best! We’ve been using them to flip houses for the last few years. Other lenders have tried to get our business, but can’t match what Mitch, Cristina, and the rest of the team at Old North offer us. Great rates, quick responses, a very friendly and helpful staff, and incredibly easy to work with!"
Georgia
Jaimal Patel
"The team at Old North is great! They are upfront about all costs and are efficient in their process. You get terms and commitments quickly and they have demonstrated the ability to close extremely quickly time and time again. The draw process is extremely easy as well. Can't say enough great things about Old North, 10/10 recommend."
John Sanders
"Super easy to work with! No hoops unlike most of these lenders out here!"
North Carolina
B.R.
"Since I have switched to working with Old North Capital Fund, my business exploded exponentially because of the fast closing, easy rehab funding, and no hidden fees. I was able to close more deals in 2022. Thank you very much!"
North Carolina
Contact Old North Capital Fund, LLC
Stay Informed About Private Lending
Old North Capital Fund was created to give real estate investors the freedom to bring their visions to life with an investor-first approach of quick and flexible financing solutions, freeing them of rigid lending options, slow banks, hidden fees, and high-priced lenders.
As a true asset-based lender, we only look at the deal and the opportunity when qualifying a borrower. No need to check credit, pay stubs, income, or other traditional bank qualifications!
Office Locations
7400 N. Oracle Road, Suite 150, Tucson, Arizona 85704Contact Old North Capital Fund, LLC
Stay Informed About Private Lending
