Exile Capital

About Exile Capital

Exile Capital is a hard money lender based in Boise, ID providing funding in Idaho. They offer commercial loans, bridge loans, and construction loans. Their lending parameters are versatile, including terms between 1 month and 1 year and loan amounts ranging from $50,000 to $5,000,000 with a maximum LTV of 70%. They offer loans on all of the following property types: multi family residences, apartments, office buildings, retail units, mixed use, industrial buildings, and undeveloped land.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Mixed Use, Industrial, Land

Areas Served: ID

Lending Guidelines for Exile Capital

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

Loan Example 1

Exile Capital issues a hard money loan to Casey for the acquisition of a new office building after he is turned down for a standard loan by his credit union because he has a low credit rating. The new building carries a price tag of $260,000. Casey will have to put 50% down, or $130,000, since the lender will only loan 50% of the purchase (the loan-to-value or "LTV"). This means that the principle on the note will be $130,000. Additionally, the lender requires a 1 point origination fee in combination with the 9%, 6 month term on the deal. They will not charge a pre-payment penalty in the event that Casey pays off the note before expiration. According to the terms of this deal, Casey will have to pay an origination fee of $1,300 when the deal is closed. He will also begin to make payments of $975 monthly for the duration of the note and will pay off the principle at the expiration of the 6 month term. Should he decide to pay back the note before, he can do so without any additional cost because there isn't a pre-payment penalty associated with the note.

Loan Example 2

Clinton is a an investor in Boise, ID. He finds an older property for a rehab project and takes a private money bridge loan from Exile Capital with the following paramters:

$150,000 purchase price
55% loan-to-value (LTV)
12 month term
11% interest rate
1% origination fee

After the rehab project is finished, if Clinton sells the house for $195,000, the final numbers would be as follows:

$195,000 sales price
- $82,500 note principle (55% LTV)
- $67,500 down payment (45% on 55% LTV)
- $825 origination points (1% of the $82,500 principle)
- $9,075 interest payments (12 months x 11% interest)
-----------------------
= $35,100 gross profit (doesn't include taxes or renovation costs)

No Reviews Yet

Exile Capital currently has no reviews. To add a review now, click the link below:

Write a Review for Exile Capital