Socotra Capital
Sacramento, California
NMLS ID 266090, CFL Lic. 60DBO52860, CA DRE Broker Lic. 01859201, Nevada Lic. 4075, Nevada NMLS #1142425
Direct Hard Money Lender for Commercial Real Estate
Since 2007, Socotra Capital has been providing asset-based hard money financing to real estate investors that cannot get financed by a bank, or just need to close fast. We fund almost all types of commercial real estate in 22 states. We have over $500 million in hard money loans under management, and we have lots of capital to deploy.
- Asset-based loans – no income, financial or minimum credit score
- Must have lots of equity; our maximum LTV is 60%
- Purchase, Refinance or Equity Cash Out Loans
- All property types considered, except Agricultural/Farms
- Loan terms up to 20 years (at bridge interest rates)
- Cannabis-use properties OK
- Churches and places of worship OK
- Owner-user commercial properties OK
- Vacant buildings OK
- Foreign investors welcomed
- Brokers always protected
Please note: We do NOT offer land development or ground-up construction loans.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Maximum Leverage
Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Commercial Value-Add
Residential Construction
Property Types
- 2-4 Units Residential
- Adult Day Care
- Assisted Living Facility
- Auto Dealership
- Auto Repair
- Bed and Breakfast
- Cannabis Dispensary
- Cannabis Grow Facility
- Car Wash
- Casino
- Child Day Care
- Church
- Cinema
- Club
- Commercial Condominium
- Commercial Land
- Community Center
- Condominium
- Cooperative
- Covered Land
- Equestrian
- Event Center
- Gas Station
- Golf Course
- Gym
- Healthcare
- Hospital
- Hostel
- Hotel
- Industrial
- Manufactured Home
- Marina
- Mixed-Use
- Mobile Home
- Mobile Home Park
- Motel
- Multifamily
- Night Club
- Office
- Parking Garage
- 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
- Single Family Residence
- Sports Facility
- Storage Facility
- Student Housing
- Theater
- Vehicle Parking
- Winery
Loan Types
- Commercial Bridge
- Commercial Long-Term
Specialty Loan Types
- Cannabis Use Properties
- Commercial Permanent Financing
- Discounted Note Payoff
- Line of Credit Portfolio of Properties
- Line of Credit Single Property
- Luxury Homes
- Partner Buyout
- Primary Residence Business Purpose Cash Out
- Residential Long-Term Rental
- Residential Short-Term Rental
- Reverse 1031 Exchange
- TIC Tenancy-in-Common
- Vacation Rental
Junior Lien Loan Amounts
$25,000 to $500,000
Junior Lien Loan-to-Value
60%
Junior Lien Loan-to-Cost
60%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
Land Types Considered
- Residential Land
- Multifamily Land
- Industrial Land
- Office Land
- Retail Land
- Hospitality Land
- Agricultural Land
- Special Purpose Land
- Covered Land
Will Consider Land That is NOT Entitled
noExisting Land Improvements Required
- Street Access
Max LTV for Land
45%Max LTC for Land Acquisition
45%Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
Max Loan-to-Purchase Price
60%Borrower Must Have Property Under Contract
noWill 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
- Equity in Primary Residence
- Seller Financing
- Gap Lender
- Crowdfunding
- Family
Deposit Required
Deposit covers third party costs, mainly the appraisal but also engineering/environmental reports if applicable, and other costs.
Underwriting Fee
$650 for most loans
Documents Fee
$400 for most loans
Minimum Origination Fee Amount
$4,000
Other Fee
Loan File Setup Fee is typically $500
Fees which are mandatory for all new borrower clients
- Deposit
- Processing Fee
- Documents Fee
- Other Fee
Fees which are paid to a third party company
- Legal Fee
- Appraisal Fee
- Inspection Fee
- Escrow Fee
- Title Fee
- Credit Report Fee
- Environmental Report Fee
Contact Socotra Capital
Stay Informed About Private Lending
Socotra Capital is your approachable neighborhood lender with local roots and a national reach. Since 2007, we have funded nearly 1,000 loans.
Hard money. That’s all we do, and that’s why we’re the best at it. We know that the first step toward achieving your real estate dreams is securing the necessary finances, and we are ready to help your dreams come to life.
When professionals pursuing real estate opportunities are denied financing through conventional lenders, Socotra Capital steps up to help.
We are the premier private hard money lender, and have built our reputation through consistent performance, reliable service, and fast delivery. The majority of our transactions close within 15 days of the loan application being completed, letting our clients get to work fast.
Our bridge loans can provide the needed liquidity on transactions from REOs and other distressed properties, to ground-up and investment properties such as rentals, or cash-out refinances for business purposes. We are a direct lender, meaning our construction loans are approved in-house without the hassle of a lengthy loan process.
As we continue to be pioneers in the creative financing industry, we are committed to growing with our borrowers. We are grateful for all of our clients and strategic partners and we look forward to being of service to you!
Our Mission
In an ever-changing financial marketplace, Socotra Capital is committed to serving the hard money needs of our borrowers throughout the country. We accomplish this by providing consistent, reliable, and fast hard money loans, most of which close within 15 days upon completion of the loan application.
At Socotra Capital, we provide the financing you need to get to work!
Associations
- California Mortgage Association
Office Locations
2208 29th Street, Suite 100, Sacramento, California 95817300 E 2nd #15-17, Reno, Nevada 89501
Our Team
Contact Socotra Capital
Stay Informed About Private Lending
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Create a Loan Request
Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.
Contact Socotra Capital 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.
Our Minimum Loan Amount Is
$100,000
What We Do
- All Types of Properties Except Ag/Farms
- Residential Investment Properties
- Low Leverage Lending (up to 60% LTV)
- 2nd Mortgages in California & Nevada
Not Available
- NO 100% Financing
- NO Leverage Higher than 60% LTV
- NO Development or Construction Loans
- NO Owner-Occupied Homes