Ascent Capital

About Ascent Capital

Ascent Capital is a Northwest based private portfolio lending company. We have deep roots in the lending industry and take a disciplined approach to every real estate transaction we fund. Ascent is built on high standards, offering fair, reliable and innovative solutions that help make our borrowers successful.

Loan Types Offered: Hard Money Loans, Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail

Areas Served: ID, OR, WA

Lending Guidelines for Ascent Capital

Below are the general loan guidelines published on the Ascent Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Ascent Capital.

Loan Example 1

Paul is an investor in Portland, OR. He finds an older property for sale and wants to remodel it and re-sell it for a profit. The property has a cost of $360,000 but he does not have the full amount so he takes out a private money loan with Ascent Capital. The borrower will be required to bring 20% of the purchase price in cash to the closing based on a 80% loan to value stipulated by the lending company. This makes the principle note from Ascent Capital $288,000. The rate on the loan is 9% for a length of 6 months and the lender requires a five point origination fee at closing. The interest is to be paid on a monthly basis and the principle will be paid back after the sale of the property.

According to the parameters of the deal, Paul will have to pay a $14,400 origination fee plus 20% of the purchase price, or $72,000, based on the 80% LTV. After the deal closes, he will need to pay Ascent Capital $2,160 in monthly interest fees, or 9% multiplied by $288,000 divided by 12 months in the year. At the expiration of the note, he sells the rehabed property for $432,000. After deducting the $12,960 in interest expenses ($2,160 multiplied by 6 months), the $14,400 origination fee, the $288,000 principle amount on the note, and the $72,000 he brought to the closing, he will make a total profit of $44,640 ($432,000 price minus $387,360 in total costs). This amount would then be reduced by any renovation costs paid by Paul .

Loan Example 2

Ascent Capital issues a private money loan to Ramon for a rehab project in Portland, OR. The deal includes the following:

$230,000 purchase price
60% loan-to-value (LTV)
18 month term
12% interest rate
4% origination fee

Ramon plans to sell the property at the end of the term for $345,000. If he succeeds, the outcome will be the following:

$345,000 sales price
- $138,000 loan principle (60% LTV)
- $92,000 cash paid at closing (40% on 60% LTV)
- $5,520 origination points (4% of the $138,000 principle)
- $24,840 total interest paid (18 months x 12% interest)
-----------------------
= $84,640 gross profit (doesn't include taxes or renovation costs)

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