Full Scope Capital

About Full Scope Capital

Full Scope Capital is a Glen Burnie, MD based private lender. They offer loans throughout Maryland, Washington DC, Pennsylvania, Virginia, Delaware, New Jersey, and Florida. They offer loans for many different needs and situations, including cash out hard money loans, rental property loans, short term fix and flip loans, commercial loans, bridge loans, and builder loans. Their loan parameters are versatile, including terms between 12 months and 36 months, loan amounts starting from $75,000 with a maximum LTV of 75%, and rates starting at 11% . They make loans on numerous property types, including single family units, multi family residences, apartment buildings, office buildings, retail spaces, mixed use, warehouse buildings, industrial facilities, and undeveloped 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, Mixed Use, Warehouse, Industrial, Land

Areas Served: MD, DC, PA, VA, DE, NJ, FL

Lending Guidelines for Full Scope Capital

Below are the general loan guidelines published on the Full Scope 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 Full Scope Capital.

Loan Example 1

Troy finds a house in Miami, FL to renovate and resell. Since he does not have enough cash to acquire the $160,000 property outright, he decides to take out a fix-and-flip loan from Full Scope Capital. The lender agrees to issue a note with a 60% loan to value (LTV) so they will extend $96,000 on the project. The note is interest only, with monthly payments, and is for 12 months at 10% interest with 5 origination points to be paid when the deal closes.

Troy will need to bring $64,000 to the closing (40% on the 60% LTV), plus he will pay the $4,800 origination fee. After the deal is executed and Troy takes on the property, he will have to begin making monthly payments of $800 to Full Scope Capital ($96,000 principle x 10% / 12 months). If Troy accomplishes his goal of a $192,000 sales price when the loan expires, he would pocket a gross profit of $17,600 after repaying the principle amount and subtracting the money he contributed at closing, the origination points, and the total interest payments.

Loan Example 2

Catherine finds a property in Miami, FL to remodel and re-sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Full Scope Capital with the following parameters:

a) A $390,000 purchase price, b) a 60% loan-to-value (LTV), c) a 12 month term, d) a 13% interest rate, and e) a 3% origination fee.

Catherine plans to sell the house at the end of the term for $526,500. If she achieves this goal, the outcome would be the following:

$526,500 sales price
- $234,000 principle (60% LTV)
- $156,000 down payment (40% on 60% LTV)
- $7,020 origination fee (3% of the $234,000 principle amount)
- $30,420 total interest paid (12 months x 13% interest)
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= $99,060 gross profit (does not include taxes or rehab costs)

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