Capital Assets

About Capital Assets

Capital Assets is private money lender based in Murray, UT. They offer funding throughout Utah. They offer ground up construction loans, bridge loans, investment property loans, fix and flip loans, and commercial hard money loans. They offer loan amounts ranging from $40,000 to $2,000,000 with a maximum LTV of 65%, terms between 3 months and 2 years, and rates ranging between 8% and 13%. Their lending parameters do not include a minimum FICO rating. They make loans on numerous property types, including single family units, multi family residences, apartments, office units, mixed use, retail storefronts, warehouse spaces, storage facilities, industrial buildings, and raw land.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Mixed Use, Retail, Warehouse, Storage, Industrial, Land

Areas Served: UT

Licenses: NMLS #222081

Lending Guidelines for Capital Assets

Below are the general loan guidelines published on the Capital Assets 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 Capital Assets.

Loan Example 1

Jay finds a townhome in Salt Lake City, UT to flip and sell. Since he does not have enough cash available to buy the $250,000 house outright, he takes out a fix-and-flip loan from Capital Assets. The lender agrees to issue a note with a 80% loan-to-value (LTV) so they will loan $200,000 on the project. The rate on the note is 10% for a term of 12 months and the company requires a five point origination fee at closing. The interest payments are to be paid monthly and the principle will be paid back after the property sells.

Therefore, Jay will need to contribute a $50,000 down payment plus pay a $10,000 origination fee. The monthly interest-only payments will then be $1,667 to the lender. Assuming Jay sells the renovated house for $337,500 at the end of the 12 month term, his gross profit (not accounting for rehab costs) would be $57,500. This is computed by taking the sales price ($337,500) and subtracting the original note amount ($200,000), the origination cost ($10,000), the cash he contributed to closing ($50,000), and the total interest payments ($20,000).

Loan Example 2

Benita is a real estate investor in Salt Lake City, UT. She buys an older house for a rehab project and takes a hard money loan from Capital Assets with the following paramters:

a) A $370,000 purchase price, b) a 55% loan-to-value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 2% origination fee.

Benita intends to sell the property when the note expires for $518,000. If she accomplishes her goal, the final numbers will be as follows:

$518,000 sales price
- $203,500 principle (55% LTV)
- $166,500 cash paid at closing (45% on 55% LTV)
- $4,070 origination points (2% of the $203,500 principle)
- $39,683 interest payments (18 months x 13% interest)
-----------------------
= $104,248 total profit (does not include taxes or rehab costs)

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