Jade Dog Capital

About Jade Dog Capital

Jade Dog Capital is hard money lender based in Draper, UT. They offer funding throughout Salt Lake City. They offer commercial hard money loans and short term bridge loans. They offer loan amounts up to $100,000,000. They will make loans on all the following types of properties: multi family, apartment buildings, offices, retail storefronts, hotels and motels, storage facilities, senior communities, mixed use buildings, warehouse spaces, industrial buildings, medical buildings, and raw land.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

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

Areas Served: Salt Lake City

Lending Guidelines for Jade Dog Capital

Below are the general loan guidelines published on the Jade Dog 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 Jade Dog Capital.

Loan Example 1

To facilitate his small business, Wayne needs to buy a new commercial building. After he is denied a commercial mortgage from his bank, he secures a commercial hard money loan from Jade Dog Capital. The lender agrees to a 65% loan to value (LTV) on the deal and the new building costs $230,000, so they will contribute $149,500 and Wayne will be responsible for the additional $80,500. The parameters of the loan include a 12 month length, a 14% rate of interest, and a 3 origination fee to be paid by the borrower at closing. Wayne will need to pay an origination fee of $4,485 and he will then start to make the monthly payments in the amount of $1,744 ($149,500 principle amount x 14% interest rate / 12 months in a year). He may repay the note early if he decides to because there is no pre-payment penalty but he will be responsible for the full principle amount whenever he closes the loan.

Loan Example 2

Stanley is a real estate investor in Salt Lake City, UT. He purchases an older house for a remodeling project and takes out a bridge loan from Jade Dog Capital with the following features:

a) A $210,000 purchase price, b) a 80% loan to value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 5% origination fee.

If Stanley accomplishes his goal of a $294,000 sales price, the numbers of the project will be the following:

$294,000 sales price
- $168,000 loan principle (80% LTV)
- $42,000 down payment (20% on 80% LTV)
- $8,400 origination fee (5% of the $168,000 principle amount)
- $16,800 total interest paid (12 months x 10% interest)
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= $58,800 gross profit (doesn't include taxes or renovation costs)

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