CT Capital

About CT Capital

CT Capital is a Fort Lauderdale, FL based hard money lender. They offer funding in Florida. They offer commercial hard money loans and fix and flip hard money loans. They provide loan amounts ranging from $50,000 to $3,000,000 with a maximum LTV of 60% and terms between 1 year and 2 years. They lend money to any borrower based on the property value and not on a minimum credit rating. They will make loans on the following property types: single family units, multi family residences, apartment buildings, office buildings, retail units, and warehouse buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Warehouse

Areas Served: FL

Lending Guidelines for CT Capital

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

Loan Example 1

Sharron is an investor in Miami, FL. She discovers an older property for sale and wants to renovate it and sell it for a profit. The house has a cost of $370,000 but she doesn't have the full amount so she takes out a fix and flip loan with CT Capital. The loan-to-value (LTV) on the deal is 80%. This means Sharron will have to bring 20% of the sales price to the closing and the principle will be $296,000 on the loan. The interest rate on the note is 13% for a term of 18 months and the company requires a three point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle amount will be returned after the sale of the property.

In addition to paying the $8,880 origination fee, Sharron will also have to fund $74,000 of the purchase with her own cash, or 20% of the sales price. Once the deal is executed and Sharron takes over the property, she will need to begin making payments each month of $3,207 to CT Capital ($296,000 principle x 13% / 12 months). Assuming Sharron sells the rehabed project for $536,500 at the end of the 18 month term, her gross profit (not accounting for renovation costs) would be $99,900. This is computed by taking the sales price ($536,500) and subtracting the principle ($296,000), the origination fee ($8,880), the cash she brought to closing ($74,000), and the total interest expenses ($57,720).

Loan Example 2

CT Capital makes a loan to Yvette for a rehab project in Miami, FL. The loan includes the following:

$170,000 sales price
75% loan to value (LTV)
6 month term
14% rate of interest
3% origination fee

Based on a $238,000 sales price at the end of the 6 month term, the final numbers for the project would look like this:

$238,000 sales price
- $127,500 note principle (75% LTV)
- $42,500 down payment (25% on 75% LTV)
- $3,825 origination fee (3% of the $127,500 principle amount)
- $8,925 total interest paid (6 months x 14% interest)
-----------------------
= $55,250 total profit (doesn't include taxes or rehab costs)

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