City Capital Finance

About City Capital Finance

City Capital Finance is a hard money lender offering funding throughout California. They provide loans for a variety of needs and situations, including cash out loans, fix-and-flip loans, short term loans, investment property loans, and hard money loans for commercial properties. They issue terms up to 3 years and loan amounts starting from $500,000 with a maximum LTV of 80%. They lend funds to all borrowers based on the property value and do not require a minimum FICO score. They offer loans on the following types of properties: single family units, multi-family, apartments, office units, retail spaces, hotels, storage facilities, senior living communities, mixed use buildings, undeveloped land, churches, warehouse spaces, 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, Land, Church, Warehouse, Industrial, Medical

Areas Served: CA

Lending Guidelines for City Capital Finance

Below are the general loan guidelines published on the City Capital Finance 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 City Capital Finance.

Loan Example 1

Wallace finds a townhouse in Los Angeles, CA to rehab and sell. Since he doesn't have enough cash to acquire the $280,000 project outright, he decides to take out a fix and flip loan from City Capital Finance. The borrower will have to bring 35% of the purchase price in cash to closing based on a 65% loan-to-value stipulated by the lending company. This makes the loan principle from City Capital Finance $182,000. The loan also includes these features: 1) a 12 month length, 2) a 9% interest only note, and 3) a three percent origination charge.

In addition to paying the $5,460 origination fee, Wallace will also have to fund $98,000 of the purchase with his own money, or 35% of the purchase price. After the loan closes, he will have to pay City Capital Finance $1,365 in monthly interest payments, or 9% multiplied times $182,000 divided by 12 months in the year. If Wallace accomplishes his goal of a $364,000 sales price when the loan expires, he would collect a total profit of $62,160 after repaying the principle on the note and subtracting the money he contributed at closing, the origination points, and the monthly interest payments.

Loan Example 2

Ada finds a duplex in Los Angeles, CA to remodel and sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from City Capital Finance with the following parameters:

$240,000 sales price
65% loan to value (LTV)
18 month term
13% interest rate
3% origination fee

After the rehab project is complete, if Ada sells the property for $336,000, the numbers would be the following:

$336,000 sales price
- $156,000 principle (65% LTV)
- $84,000 down payment (35% on 65% LTV)
- $4,680 origination points (3% of the $156,000 principle amount)
- $30,420 total interest paid (18 months x 13% interest)
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= $60,900 gross profit (doesn't include taxes or renovation costs)