Asset-Based Hard Money Lending in Florida and Texas

Soviero Capital is a direct hard money lender offering asset-based loans secured by real estate in select states. We make our decisions in-house among the 3 family principals of Soviero Capital and will typically provide a commitment the same day.  We are extremely flexible in our terms and guidelines where we can obtain a satisfactory risk profile in exchange for deviating from our stated guidelines. We have assisted hundreds of borrower in obtaining their financing objectives.

  • Many types of improved properties considered (NO land)
  • Purchase, Refinance, Equity Cash Out loans (1st lien only)
  • 65% Loan-to-Value is our maximum leverage
  • 35%+ down payment required for purchase loans
  • No Credit Check – we are not concerned about credit scores
  • Loan terms up to 3 years
  • 6 months minimum interest (prepayment penalty)
  • We can cross-collateralize with other properties
  • Owner-occupied homes OK if loan is a refinance with cash out funds to be used for a business purpose (Florida only)

Please note: We do NOT consider land loans. We only lend on improved properties.

Property Geographic Area Details
Florida, Georgia, Texas
Loan Amounts
$250,000 to $2,500,000
Interest Rates
13% to 15%
Loan Terms
12 months to 36 months
Origination Fees
2% to 3%
Lien Position
1st
What we do:
Residential and Commercial Properties
Purchase, Refinance, Equity Cash Out
Conservative leverage up to 65% LTV
Loan terms up to 3 years
What we don’t consider:
Land Loans
Gap Funding
Loans for personal, family or household use
100% financing or anything higher than 65% LTV
Credit Check Required

no

Prepayment Penalty

yes

We require a minimum of 6 months interest payments.
Typical Closing Time (Days)

6

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 65%
Max LTP Multifamily: 65%
Max LTP Commercial: 65%
Max CLTP Pref Equity: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 65%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 65%
Max LTV 1st Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 65%
Residential Fix & Flip
Max LTP: 60%
Max LTC: 60%
Max LTARV: 65%
Residential Rehab & Hold
Max LTP: 65%
Max LTC: 65%
Max LTARV: 70%
Multifamily Value-Add
Max LTP: 65%
Max LTC: 65%
Max LTARV: 70%
Commercial Value-Add
Max LTP: 65%
Max LTC: 65%
Max LTARV: 70%
Residential Construction
Max LTP Land: 65%
Max LTC: 65%
Max LTCV: 70%

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Auto Dealership
  • Car Wash
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Condominium
  • Cooperative
  • Equestrian
  • Gas Station
  • Healthcare
  • Hotel
  • Industrial
  • Motel
  • Multifamily
  • Night Club
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Single Family Residence
  • Storage Facility

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Multifamily Bridge
  • Multifamily Rehab
  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Cannabis Use Properties
  • Condo Conversion
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Luxury Homes
  • Partner Buyout
  • Primary Residence Business Purpose Cash Out
  • Residential Equity Share
  • Residential Long-Term Rental
  • Residential Non-Prime
  • Residential Short-Term Rental
  • TIC Tenancy-in-Common
  • Transactional Funding
  • Vacation Rental
Borrower must have a 35% down payment. We may consider seller financing in 2nd lien position.

Max Loan-to-Purchase Price

65%

Borrower Must Have Property Under Contract

yes

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 Another Investment Property
  • Equity in Primary Residence
  • Family
We fund up to 65% of the total projects costs (purchase and rehab budget combined).

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

no

Max LTC for Renovation Costs

65%

Will Lend on a Portfolio of Properties

No

Minimum Number of Properties

1

Site Visit Fee

We will usually require a personal visit to each property we loan on. Our site visit fee is reimbursement of our costs. We will refund the site visit fee if we do not make the loan unless there was a misrepresentation by the Borrower.

Documents Fee

Our Document Review Fee is $750

Legal Fee

The Borrower will be responsible for all of our legal fees incurred in the loan transaction. For most loans this will not exceed $3,000.

Inspection Fee

We may require a professional inspection report on the collateral, in which case we would require the Borrower to pay this amount up-front directly to the inspector.

Title Fee

All title review and title insurance costs and fees will be paid by the Borrower.

Appraisal Fee

We will require an appraisal in most cases and the fee will be paid by the borrower directly to the appraiser.

Environmental Report Fee

If there is a question about the existing or prior environmental impact of any uses of the property we will require at a minimum, a phase I environmental report.

Renovation Construction Draw Fee

$Our draw fee is $1,000 per draw plus any on site inspection costs incurred.

Fees which are paid to a third party company

  • Legal Fee
  • Settlement Fee
  • Appraisal Fee
  • Inspection Fee
  • Title Fee
  • Environmental Report Fee
  • Renovation or Construction Funds Draw Fee

Details and Requirements

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
Will lend to a foreign national

yes

Subject to lender's counsel opinion
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

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Tax Returns
  • Bank Statements
Personal Guaranty (Recourse) Required
Always
Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Contact Soviero Capital LLC

Soviero Capital LLC pays us to be listed, so there is no fee to connect with them directly.

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Being a family-run business, Soviero Capital places a high importance on providing value to all parties involved. Many of our borrowers are repeat customers with whom we have built relationships to better understand their challenges.  As banks tighten their lending activities, we stand ready to fund proven borrowers with solid investment plans and a full suite of hard money lending capabilities.

As a small, independent, family run lending business, we can tailor our loans to fit almost any request.  Our primary obligation is to the preservation of capital while making prudent, loans to assist borrowers in reaching their particular financial objective.

Company Size (Number of Employees)

2

Year Established

1980

Office Locations

Soviero Capital
1025 West Indiantown Road, Suite 106, Jupiter, Florida 33458

Primary Capital Source
  • Own Funds
  • Individual Investors
  • Friends & Family
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Multiple Investor Fractionalized Note
Percentage of Loans Secured by Commercial Property

23%

Percentage of Loans Secured by Residential Property

65%

Total Number of Loans Funded to Date

400

Total Loan Volume Funded to Date

$70,000,000

Our Team

Contact Soviero Capital LLC

Soviero Capital LLC pays us to be listed, so there is no fee to connect with them directly.

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$250,000

What we do:
Residential and Commercial Properties
Purchase, Refinance, Equity Cash Out
Conservative leverage up to 65% LTV
Loan terms up to 3 years
What we don’t consider:
Land Loans
Gap Funding
Loans for personal, family or household use
100% financing or anything higher than 65% LTV

Contact Soviero Capital LLC

Soviero Capital LLC pays us to be listed, so there is no fee to connect with them directly.
561-834-6864 561-834-XXXX
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