All cash private money lender in North Carolina. We are not connected to a bank whatsoever, so we do not do appraisals, credit checks, tax records or any formal inspections.

If the numbers make sense and we feel good about the necessary experience, then we fund it. We’ll fund up to 90% Total Costs (Purchase + Renovation) or 75% After Repair Value

To apply we need:

  1. Executed Purchase Contract
  2. Itemized Budget of Repairs
  3. Photos of Property
Property Geographic Area Details
Urban and suburban areas in Greater Raleigh and Charlotte, North Carolina.
Loan Amounts
$65,000 to $1,000,000
Interest Rates
9.99% to 13.75%
Loan Terms
6 months to 9 months
Origination Fees
2.5% to 3.5%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant

Property Types

  • 2-4 Units Residential
  • Condominium
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Ground-Up Construction

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

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 Another Investment Property

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

88%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Legal Fee

This is a standard third party attorney fee that is not associated with our loan. Whatever the attorney charges to close the property.

Details and Requirements

Typical Closing Time (Days)

3

Fastest Closing Time (Days)

1

Payment Structure
  • Interest Only
Pre Payment Penalty

no

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

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • LLC
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

Appraisal Required for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Residential Property

Always

Additional Details

No other in-house fees whatsoever aside from interest and origination points.

Get In Touch

Old North Capital Fund 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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North Carolina’s fastest private money lender. We are an all cash private money lender based in Charlotte, NC. We provide fix & flip, new construction and bridge financing in the major metros of North Carolina.

We specialize in offering true asset-based loans, on non-owner occupied, residential properties for investors who need quick and flexible funding.

Year Established

2016

Office Locations

615 S College Street, Charlotte, North Carolina 28202

Primary Capital Source
  • Own Funds
Loan Structure for Majority of Loans
  • LLC Syndicated Investors
Percentage of Loans Secured by Residential Property

100%

Our Team

David Seroy

CEO

Funded Deals

Get In Touch

Old North Capital Fund 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
Before You Contact Us

Our Minimum Loan Amount Is

$65,000

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Contact Old North Capital Fund 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.

Send an email to Old North Capital Fund