Hamilton Ridge Capital

About Hamilton Ridge Capital

Hamilton Ridge Capital is a San Jose, CA based private money lender. They provide funding throughout California. They provide loans for a variety of needs and situations, including bridge loans, fix and flip loans, hard money refinancing, hard money loans for commercial properties, and ground up construction loans. Their lending parameters are flexible, including terms between 3 months and 3 years and loan amounts ranging from $200,000 to $8,000,000 with a maximum LTV of 65%. They will make loans on various property types, including single family residences, multi-family units, office buildings, retail spaces, industrial buildings, and mixed use.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: CA

Licenses: CA BRE LIC #01870147

Lending Guidelines for Hamilton Ridge Capital

Below are the general loan guidelines published on the Hamilton Ridge 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 Hamilton Ridge Capital.

Loan Example 1

Derek is a real estate investor in Los Angeles, CA. He discovers a run-down property for sale and wants to renovate it and flip it for a profit. The house has a cost of $230,000 but he doesn't have the full amount so he takes out a private money loan with Hamilton Ridge 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, making the principle note amount $149,500. The interest rate on the note is 14% for a length of 18 months and the lender requires a four point origination fee at closing. The interest is to be paid on a monthly basis and the principle will be returned after the sale of the property.

Therefore, the borrower will need to contribute a $80,500 down payment in addition to paying a $5,980 origination fee. After the deal is closed and Derek takes the project, he will need to begin making payments each month of $1,744 to Hamilton Ridge Capital ($149,500 principle x 14% / 12 months). If Derek meets his goal of a $333,500 sales price when the loan expires, he would make a total profit of $66,125 after repaying the principle amount and deducting the cash he brought to closing, the origination fee, and the total interest payments.

Loan Example 2

Hamilton Ridge Capital issues a hard money loan to Candy for a remodeling project in Los Angeles, CA. The loan includes the following:

$160,000 purchase price
50% loan-to-value (LTV)
12 month term
8% interest rate
4% origination fee

Candy plans to list the property when the note expires for $216,000. If she accomplishes her goal, the final numbers will be the following:

$216,000 sales price
- $80,000 note principle (50% LTV)
- $80,000 cash paid at closing (50% on 50% LTV)
- $3,200 origination fee (4% of the $80,000 principle)
- $6,400 interest payments (12 months x 8% interest)
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= $46,400 gross profit (does not include taxes or rehab costs)

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