Excel Realty Capital

About Excel Realty Capital

Excel Realty Capital is a New York, NY based private lender. They offer funding in New York City. They offer loans for a variety of scenarios, including hard money construction loans, short term loans, cash out loans, fix-and-flip loans, buy and hold loans, and private commercial loans. Their loan parameters are versatile, including terms between 12 months and 24 months. They make loans on the following types of properties: single family residences, multi-family, apartments, offices, retail storefronts, and mixed use spaces.

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: New York City

Lending Guidelines for Excel Realty Capital

Below are the general loan guidelines published on the Excel Realty 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 Excel Realty Capital.

Loan Example 1

Excel Realty Capital issues a fix and flip loan to Lonnie for a renovation project in Cos Cob, CT, on a house that is listed for $190,000. The loan to value (LTV) on the deal is 70%. This means Lonnie will need to bring 30% of the purchase price to the closing and the principle will be $133,000 on the note. The terms of the loan dictate a 12% note for 6 months. They also stipulate a 2 point origination fee, which will also need to be paid at closing.

Accordingly, Lonnie will need to contribute a $57,000 down payment in addition to paying a $2,660 origination fee. Excel Realty Capital will collect $1,330 in monthly interest from the borrower. This is calculated by taking the total loan value of $133,000, multiplying by the 12% interest rate, and then dividing that number by 12. If Lonnie sells the project for $266,000 after 6 months, he would earn a total profit of $65,360 after deducting the principle of $133,000, the money paid at closing of $57,000, the origination points of $2,660, and the total interest payments of $7,980. This gross profit does not account for renovation costs.

Loan Example 2

Tom takes out a hard money loan from Excel Realty Capital in order to remodel a townhouse to flip in Cos Cob, CT. The loan has the following terms:

$300,000 purchase price
70% loan-to-value (LTV)
6 month term
12% rate of interest
5% origination fee

If Tom accomplishes his goal of a $420,000 sales price, the outcome of the deal would be as follows:

$420,000 sales price
- $210,000 note principle (70% LTV)
- $90,000 down payment (30% on 70% LTV)
- $10,500 origination points (5% of the $210,000 principle)
- $12,600 total interest paid (6 months x 12% interest)
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= $96,900 total profit (doesn't include taxes or renovation costs)

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