Capital Three Sixty

About Capital Three Sixty

Based in Aon, CT, Capital Three Sixty is an asset-based lender providing loans in 15 states across the United States. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, loans for investments properties, refinancing, fix and flip loans, and bridge loans. Their lending parameters are flexible, including terms between 6 months and 1 year and loan amounts ranging from $75,000 to $2,000,000 with a maximum LTV of 65%. They make loans on numerous property types, including single family, multi-family units, apartment buildings, office buildings, retail storefronts, hotels/motels, storage buildings, senior housing communities, mixed use buildings, warehouse buildings, industrial buildings, and medical buildings.

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

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

Areas Served: CO, CT, DE, FL, GA, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA

Lending Guidelines for Capital Three Sixty

Below are the general loan guidelines published on the Capital Three Sixty 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 Three Sixty.

Loan Example 1

Capital Three Sixty issues a fix and flip loan to Joshua for a renovation project in Brooklyn, NY, on a property that costs $360,000. The loan to value (LTV) on the note is 85%. This means that Joshua will have to bring 15% of the sales price to the closing and the principle will be $306,000 on the deal. The deal also consists of these features: 1) a 6 month length, 2) a 10% interest-only note, and 3) a three point origination charge.

Accordingly, the borrower will be required to make a $54,000 down payment plus pay a $9,180 origination fee. Capital Three Sixty will collect $2,550 in monthly interest from the borrower. This is calculated by taking the full note value of $306,000, multiplying by the 10% rate of interest, and then dividing that number by 12. If Joshua sells the property for $468,000 after 6 months, he would then make a total profit of $83,520 after subtracting the principle amount of $306,000, the funds contributed at the close of $54,000, the origination fee of $9,180, and the aggregate interest payments of $15,300. This profit does not include building costs.

Loan Example 2

Todd takes out a hard money loan from Capital Three Sixty so he can remodel a house to resell in Brooklyn, NY. The loan has the following terms:

$280,000 sales price
80% loan-to-value (LTV)
18 month term
10% rate of interest
1% origination fee

After the renovation project is completed, if Todd sells the house for $378,000, the numbers would be the following:

$378,000 sales price
- $224,000 principle (80% LTV)
- $56,000 down payment (20% on 80% LTV)
- $2,240 origination fee (1% of the $224,000 principle)
- $33,600 interest payments (18 months x 10% interest)
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= $62,160 total profit (does not include taxes or rehab costs)

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