Cal Pac Capital

About Cal Pac Capital

Cal Pac Capital is a Newport Beach, CA based private lender providing loans throughout California. They offer loans for many different situations, including commercial hard money loans, rental property loans, fix-and-flip hard money loans, hard money refinancing, short term loans, and builder loans. They issue rates ranging between 8% and 12%, loans with a maximum LTV of 65%, and terms between 3 months and 5 years. They make loans on all of the following property types: single family homes, multi family residences, apartments, offices, retail storefronts, mixed use spaces, and industrial facilities.

Loan Types Offered: 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, Mixed Use, Industrial

Areas Served: CA

Licenses: Ryan Young, CA Bureau of Real Estate - Real Estate Broker #01245001, Joshua Pukini, CA Bureau of Real Estate - Real Estate Broker #0177353

Lending Guidelines for Cal Pac Capital

Below are the general loan guidelines published on the Cal Pac 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 Cal Pac Capital.

Loan Example 1

Jerome finds a duplex in Los Angeles, CA to remodel and resell. Since he doesn't have enough cash on-hand to acquire the $180,000 project outright, he takes out a hard money loan from Cal Pac Capital. The loan-to-value (LTV) on the note is 85%. This means Jerome will bring 15% of the sales price to the closing and the principle will be $153,000 on the note. The rate on the loan is 10% for a length of 12 months and the company requires a two point origination fee at closing. The interest is to be paid on a monthly basis and the principle amount will be returned after the sale of the property.

According to the terms of the deal, Jerome will need to pay a $3,060 origination fee in addition to 15% of the sales price, or $27,000, based on the 85% LTV. Cal Pac Capital will collect $1,275 in monthly interest from the Jerome. This is computed by taking the full loan amount of $153,000, multiplying that by the 10% rate of interest, and then dividing that number by 12. At the expiration of the loan, he sells the rehabed house for $270,000. After deducting the $15,300 in total interest payments ($1,275 times 12 months), the $3,060 origination fee, the $153,000 principle on the loan, and the $27,000 he brought to the closing, he will make a gross profit of $71,640 ($270,000 price minus $198,360 in costs). This amount would be reduced by any building costs paid by Jerome.

Loan Example 2

Morgan takes a fix and flip loan from Cal Pac Capital in order to rehab a townhouse to re-sell in Los Angeles, CA. The loan has the following parameters:

a) A $240,000 purchase price, b) a 75% loan-to-value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 2% origination fee.

If Morgan succeeds in her goal of a $360,000 sales price, the outcome of the deal will be as follows:

$360,000 sales price
- $180,000 principle (75% LTV)
- $60,000 down payment (25% on 75% LTV)
- $3,600 origination points (2% of the $180,000 principle amount)
- $32,400 total interest paid (18 months x 12% interest)
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= $84,000 total profit (does not include taxes or renovation costs)

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