C2 Financial Corporation

About C2 Financial Corporation

C2 Financial Corporation is a Carmel, CA based private lender. They offer loans in 9 states throughout the US. They offer hard money loans for commercial properties, investment property loans, and fix and flip loans. Their lending guidelines are versatile, including terms between 6 months and 2 years. They make loans on numerous property types, including single family homes, multi-family units, apartment buildings, office buildings, retail spaces, hotels and motels, storage buildings, assisted living communities, mixed use spaces, warehouses, industrial buildings, medical offices, undeveloped land, and churches.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church

Areas Served: AZ, CA, CO, HI, FL, NV, OR, TX, WA

Licenses: California Bureau of Real Estate, Broker # 01821025, NMLS # 135622

Lending Guidelines for C2 Financial Corporation

Below are the general loan guidelines published on the C2 Financial Corporation 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 C2 Financial Corporation.

Loan Example 1

C2 Financial Corporation makes a fix and flip loan to Jamie for a rehab project in Houston, TX, on a house that is listed for $330,000. The borrower will be required to contribute 35% of the sales price in cash to the closing based on a 65% loan-to-value set by the lending company. This makes the loan principle from C2 Financial Corporation $214,500. The rate on the loan is 10% for a length of 18 months and the lender requires a one point origination fee at the closing. The interest is to be paid on a monthly basis and the principle amount will be returned after the property sells.

In accordance with the parameters of the deal, Jamie will have to contribute a $2,145 origination fee in addition to 35% of the sales price, or $115,500, based on the 65% LTV. The monthly interest-only payments will then total $1,788 to the lender. If Jamie sells the rehabed house for $412,500 at the end of the 18 month term, her gross profit (not including remodeling expenses) would be $48,180. This is computed by taking the sales price ($412,500) and subtracting the original note amount ($214,500), the origination fee ($2,145), the funds she brought to closing ($115,500), and the total interest payments ($32,175).

Loan Example 2

C2 Financial Corporation makes a hard money loan to Judy for a renovation project in Houston, TX. The deal includes the following:

a) A $330,000 purchase price, b) a 65% loan-to-value (LTV), c) a 18 month term, d) a 10% interest rate, and e) a 2% origination fee.

After the renovation project is completed, if Judy sells the house for $412,500, the final numbers would be the following:

$412,500 sales price
- $214,500 principle on note (65% LTV)
- $115,500 cash paid at closing (35% on 65% LTV)
- $4,290 origination points (2% of the $214,500 principle)
- $32,175 interest payments (18 months x 10% interest)
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= $46,035 gross profit (doesn't include taxes or renovation costs)

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