Conquest Capital Partners
859 Willard Street, Suite 503
Quincy, MA 02169
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About Conquest Capital Partners
Conquest Capital Partners is an asset-based lender providing loans in Boston, Dallas, and Austin. They provide lending solutions for a variety of situations and needs, including ground up construction loans, hard money bridge loans, loans for investments properties, private refinancing, and fix and flip hard money loans. They offer loan amounts ranging from $100,000 to $5,000,000 with a maximum LTV of 70%. They make loans on all of the following property types: single family and multi family homes.
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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
Areas Served: Boston, Dallas, Austin, Denver, Plymouth, Hull, Palm Beach, West Palm Beach, RI, MA
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Lending Guidelines for Conquest Capital Partners
Below are the general loan guidelines published on the Conquest Capital Partners website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: $100,000 - $5,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/AFix and Flip Loans
Loan Amounts: $100,000 - $5,000,000
Available Rates: 8.99% - 13.99%
Typical Terms: 1 months - 12 months
Points Charged: 0% - 4%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): 85%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 4 DaysCommercial Hard Money Loans
Loan Amounts: $100,000 - $5,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ANew Construction Loans
Loan Amounts: $100,000 - $5,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ARefinance / Cash Out Loans
Loan Amounts: $100,000 - $5,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: $100,000 - $5,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Conquest Capital Partners.
Loan Example 1
Conquest Capital Partners issues a hard money loan to Josefina for a rehab project in Boston, MA, on a house that costs $210,000. The lender agrees to make a loan with a 80% loan to value (LTV) so they are willing to extend $168,000 on the property. The terms of the deal also stipulate a two percent origination fee which is to be paid at the closing and a 12 month, interest-only note with a 8% rate of interest.
On top of the $3,360 origination fee, Josefina will also fund $42,000 of the purchase with her own funds, or 20% of the purchase price. The monthly interest only payments will then be $1,120 to Conquest Capital Partners. If Josefina accomplishes her goal of a $273,000 sales price when the loan term expires, she would earn a gross profit of $46,200 after re-paying the principle on the note and deducting the money she contributed at closing, the origination fee, and the total interest payments.
Loan Example 2
Josefina takes a fix and flip loan from Conquest Capital Partners so she can rehab a townhome to re-sell in Boston, MA. The loan has the following terms:
$290,000 sales price
55% loan-to-value (LTV)
12 month term
10% interest rate
2% origination feeJosefina plans to sell the house at the end of the term for $348,000. If she succeeds, the deal numbers would be the following:
$348,000 sales price
- $159,500 note principle (55% LTV)
- $130,500 cash paid at closing (45% on 55% LTV)
- $3,190 origination points (2% of the $159,500 principle amount)
- $15,950 total interest paid (12 months x 10% interest)
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= $38,860 total profit (doesn't include taxes or renovation costs) -
by Realdealllc 02/27/2021
Got half way through the project & they wouldn’t reimburse construction draws. Still collected interest payments but wouldn’t even schedule inspections said their capital markets froze their accounts. Do not do business with them.
Got half way through the project & they wouldn’t reimburse construction draws. Still collected interest payments but wouldn’t even schedule inspections said their capital markets froze their accounts. Do not do business with them.by TD 09/28/2020
I had a bad experience with this lender.Near end of const on new build. Communication was horrible, couldn't get them to call back to discuss status of reimbursement. I put money into the project expecting to get reimbursed. They did not reimburse. This went on for 5 months and they still took their interest pmts every month out of my construction funds of 1300.00. I had to find outside work to come up with the money to finish the house. There are a lot more stuff they did but too much to type.My advise is stay clear of them.
I had a bad experience with this lender.Near end of const on new build. Communication was horrible, couldn't get them to call back to discuss status of reimbursement. I put money into the project expecting to get reimbursed. They did not reimburse. This went on for 5 months and they still took their interest pmts every month out of my construction funds of 1300.00. I had to find outside work to come up with the money to finish the house. There are a lot more stuff they did but too much to type.My advise is stay clear of them.