Inca Capital

About Inca Capital

Inca Capital is a Scottsdale, AZ based private lender who offers loans in Arizona, Colorado, California, and Nevada. They offer long term rental property loans, fix and flip hard money loans, short term loans, hard money loans for commercial properties, and cash out hard money loans. Their loan parameters are flexible, including terms between 6 months and 60 months, loan amounts ranging from $250,000 to $15,000,000 with a maximum LTV of 75%, and rates ranging between 8% and 11%. They make loans on many types of properties, including single family units, multi-family units, apartment buildings, offices, retail spaces, hotels, storage buildings, assisted living communities, mixed use buildings, raw land, churches, warehouses, industrial facilities, and medical facilities.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: AZ, CO, CA, NV

Lending Guidelines for Inca Capital

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

Loan Example 1

Margarita is a real estate investor in Los Angeles, CA. She finds a run-down property for sale and wants to rehab it and sell it for a profit. The property has a cost of $230,000 but she doesn't have the full amount so she takes out a hard money loan with Inca Capital. The loan to value (LTV) on the deal is 80%. This means that Margarita will have to bring 20% of the purchase price to closing and the principle will be $184,000 on the note. The parameters of the note also include a four point origination fee that is to be paid at closing and a 18 month, interest only note with a 11% interest rate.

The borrower will need to bring a total of $32,400 upon closing to cover the $46,000 down payment plus the $7,360 origination fee. After the loan is closed and Margarita takes the property, she will begin making monthly payments of $1,687 to Inca Capital ($184,000 principle x 11% / 12 months). If she sells the rehabed project for $345,000 at the end of the 18 month term, her gross profit (not accounting for rehab costs) would be $77,280. This is computed by taking the sales price ($345,000) and subtracting the principle ($184,000), the origination cost ($7,360), the money she brought to closing ($46,000), and the total interest expenses ($30,360).

Loan Example 2

Roland takes a private money loan from Inca Capital in order to remodel a house to resell in Los Angeles, CA. The deal has the following terms:

a) A $390,000 purchase price, b) a 85% loan-to-value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 2% origination fee.

Assuming a $565,500 sales price at the end of the 6 month term, the numbers for the project would look like this:

$565,500 sales price
- $331,500 principle (85% LTV)
- $58,500 down payment (15% on 85% LTV)
- $6,630 origination fee (2% of the $331,500 principle amount)
- $21,548 interest payments (6 months x 13% interest)
-----------------------
= $147,323 total profit (doesn't include taxes or renovation costs)

No Reviews Yet

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

Write a Review for Inca Capital