Old North Capital Fund
Charlotte, North Carolina
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:
- Executed Purchase Contract
- Itemized Budget of Repairs
- Photos of Property
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
88%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesLegal Fee
This is a standard third party attorney fee that is not associated with our loan. Whatever the attorney charges to close the property.
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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.
Office Locations
615 S College Street, Charlotte, North Carolina 28202Our Team
David Seroy
CEO
Funded Deals
Old North Capital Fund
Kannapolis, NC
$145,000
Residential Fix and Flip
Old North Capital Fund
Charlotte, NC
$180,000
Residential Fix and Flip
Old North Capital Fund
Charlotte, NC
$293,000
Residential Ground-Up Construction
Get In Touch
Stay Informed About Private Lending
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.