Convisions Capital Group

About Convisions Capital Group

Convisions Capital Group is a Raleigh, NC based hard money lender offering loans throughout Los Angeles. They provide commercial hard money loans, fix-and-flip hard money loans, ground-up construction loans, bridge loans, buy and hold loans, and refinancing. They provide rates ranging between 12% and 18%, terms between 6 months and 2 years, and loan amounts ranging from $50,000 to $2,500,000 with a maximum LTV of 65%. They offer loans on the following property types: single family residences, multi family, apartment buildings, office buildings, retail units, hotels and motels, storage buildings, senior communities, mixed use spaces, warehouse spaces, industrial buildings, medical buildings, and raw land.

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, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land

Areas Served: Los Angeles, NC

Lending Guidelines for Convisions Capital Group

Below are the general loan guidelines published on the Convisions Capital Group 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 Convisions Capital Group.

Loan Example 1

Convisions Capital Group issues a fix and flip loan to Carl for a renovation project in Los Angeles, CA, on a house that costs $290,000. The loan-to-value (LTV) on the loan is 80%. This means Carl will bring 20% of the sales price to the closing and the principle amount will be $232,000 on the deal. The terms of the loan dictate a 14% note for 6 months. They also require a 2 point origination fee, which will also be paid at closing.

Therefore, Carl will be required to make a $58,000 down payment in addition to paying a $4,640 origination fee. Once the deal closes, he will have to pay Convisions Capital Group $2,707 in monthly interest fees, or 14% times $232,000 divided by 12 months in the year. If Carl accomplishes his goal of a $377,000 total sales price when the loan expires, he would pocket a gross profit of $66,120 after repaying the principle on the note and deducting the money he contributed at closing, the origination fee, and the monthly interest payments.

Loan Example 2

Melissa finds a property in Los Angeles, CA to renovate and sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Convisions Capital Group with the following parameters:

a) A $280,000 purchase price, b) a 65% loan to value (LTV), c) a 12 month term, d) a 9% interest rate, and e) a 5% origination fee.

Melissa plans to sell the project when the note expires for $378,000. If she achieves this goal, the outcome will be as follows:

$378,000 sales price
- $182,000 loan principle (65% LTV)
- $98,000 cash paid at closing (35% on 65% LTV)
- $9,100 origination points (5% of the $182,000 principle)
- $16,380 total interest paid (12 months x 9% interest)
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= $72,520 gross profit (does not include taxes or rehab costs)

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