Soviero Capital LLC
Soviero Capital LLC, based in Jupiter, Florida, is a private lender specializing in asset-based hard money loans secured by improved real estate in select states. They focus on flexible terms and rapid decision-making, offering loans for various property types, primarily in Florida, with maximum leverage of 65% LTV.
Common Loan Scenarios
- Residential and Commercial Properties
- Purchase, Refinance, Equity Cash Out
- Conservative leverage up to 65% LTV
- Loan terms up to 3 years
Scenarios Not Considered
- Land Loans
- Gap Funding
- Loans for personal, family or household use
- 100% financing or anything higher than 65% LTV
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
Commercial Value-Add
Residential Construction
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
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
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.
Soviero Capital LLC’s Lending Activity
Data Provided By Elementix
12mo Loan Volume
$8,812,020
12mo Loan Count
17
Total Loan Volume
$53,607,456
Average Loan Size
$343,638
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.
Office Locations
Our Team
CJ Soviero
Owner
Tony Soviero
Owner
Our minimum loan amount is $250,000