Fort Amsterdam Capital

About Fort Amsterdam Capital

Fort Amsterdam Capital is a New York, NY based hard money lender who provides loans throughout New York City. They provide fix-and-flip hard money loans, loans for rental properties, private commercial loans, and bridge loans. They issue loan amounts ranging from $1,000,000 to $20,000,000 with a maximum LTV of 80%, terms between 6 months and 18 months, and rates ranging between 9% and 10%. They offer loans on various types of properties, including single family residences, multi-family, apartments, offices, and mixed use buildings.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Mixed Use

Areas Served: New York City

Lending Guidelines for Fort Amsterdam Capital

Below are the general loan guidelines published on the Fort Amsterdam 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 Fort Amsterdam Capital.

Loan Example 1

Eugene closes on a $230,000 renovation project in Cos Cob, CT, using a fix-and-flip loan from Fort Amsterdam Capital. The terms of the deal include a 65% loan-to-value (LTV), so he must contribute 35% of the price as cash to closing, which makes the principle loan amount $149,500. The loan also includes these features: 1) a 12 month term, 2) a 8% interest only note, and 3) a five point origination fee.

Eugene must contribute a total of $32,400 up front to pay the $80,500 down payment plus the $7,475 origination fee. he will then pay $997 monthly to the lender. Assuming he sells the renovated project for $322,000 at the end of the 12 month term, his total profit (not including remodeling expenses) would be $72,565. This is calculated by taking the sales price ($322,000) and subtracting the original principle ($149,500), the origination cost ($7,475), the funds he brought to closing ($80,500), and the total interest payments ($11,960).

Loan Example 2

Sheri locates a property in Cos Cob, CT to remodel and re-sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Fort Amsterdam Capital with the following parameters:

a) A $250,000 purchase price, b) a 50% loan-to-value (LTV), c) a 18 month term, d) a 13% interest rate, and e) a 3% origination fee.

Sheri plans to sell the property at the end of the term for $325,000. If she succeeds, the deal numbers will be as follows:

$325,000 sales price
- $125,000 principle on note (50% LTV)
- $125,000 cash paid at closing (50% on 50% LTV)
- $3,750 origination points (3% of the $125,000 principle amount)
- $24,375 interest payments (18 months x 13% interest)
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= $46,875 total profit (doesn't include taxes or renovation costs)

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